Harsco (HSC) Releases FY 2018 Earnings Guidance

Harsco (NYSE:HSC) issued an update on its FY 2018 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $1.24-1.29 for the period, compared to the Thomson Reuters consensus estimate of $1.24. Harsco also updated its Q4 guidance to $0.26-0.31 EPS.

Harsco stock traded up $3.16 during midday trading on Wednesday, reaching $27.47. The stock had a trading volume of 1,049,100 shares, compared to its average volume of 477,528. Harsco has a 12 month low of $15.55 and a 12 month high of $30.05. The stock has a market capitalization of $1.89 billion, a P/E ratio of 37.12 and a beta of 2.79. The company has a debt-to-equity ratio of 2.45, a quick ratio of 1.19 and a current ratio of 1.53.

Harsco (NYSE:HSC) last announced its quarterly earnings data on Thursday, August 2nd. The industrial products company reported $0.36 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.33 by $0.03. Harsco had a return on equity of 34.29% and a net margin of 2.27%. The business had revenue of $432.00 million for the quarter, compared to analysts’ expectations of $426.30 million. During the same period in the previous year, the business posted $0.22 EPS. The firm’s quarterly revenue was up 9.4% compared to the same quarter last year. Equities research analysts forecast that Harsco will post 1.23 EPS for the current fiscal year.

HSC has been the topic of a number of research reports. Zacks Investment Research cut Harsco from a strong-buy rating to a hold rating in a research note on Wednesday, July 4th. ValuEngine upgraded Harsco from a hold rating to a buy rating in a research report on Thursday, July 26th. KeyCorp upped their price target on Harsco from $27.00 to $28.00 and gave the company an overweight rating in a research report on Friday, August 3rd. Singular Research started coverage on Harsco in a research report on Monday, August 27th. They set a buy rating and a $32.00 price target on the stock. Finally, Lake Street Capital reiterated a buy rating and set a $33.00 price target (up from $31.00) on shares of Harsco in a research report on Wednesday. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The company has a consensus rating of Buy and a consensus price target of $29.40.

About Harsco

Harsco Corporation provides industrial services and engineered products worldwide. The company operates in three segments: Harsco Metals & Minerals, Harsco Industrial, and Harsco Rail. The Harsco Metals & Minerals segment provides on-site services of material logistics, product quality improvement, and resource recovery for iron, steel, and metals manufacturing; and value added environmental solutions for industrial co-products, as well as produces industrial abrasives and roofing granules.

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Earnings History and Estimates for Harsco (NYSE:HSC)

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