Equities research analysts predict that Harsco Co. (NYSE:HSC) will report $388.2 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Harsco’s earnings, with the highest sales estimate coming in at $388.9 million and the lowest estimate coming in at $387.5 million. Harsco posted sales of $369.93 million in the same quarter last year, which would indicate a positive year over year growth rate of 4.9%. The company is scheduled to announce its next earnings results on Thursday, August 3rd.

On average, analysts expect that Harsco will report full-year sales of $388.2 million for the current fiscal year, with estimates ranging from $1.55 billion to $1.56 billion. For the next fiscal year, analysts anticipate that the business will post sales of $1.61 billion per share, with estimates ranging from $1.6 billion to $1.61 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Harsco.

Harsco (NYSE:HSC) last posted its quarterly earnings results on Wednesday, May 3rd. The industrial products company reported $0.11 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.02 by $0.09. The firm had revenue of $372.54 million for the quarter, compared to the consensus estimate of $343.40 million. Harsco had a negative net margin of 5.21% and a positive return on equity of 11.33%. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period last year, the firm posted $0.03 earnings per share.

Several brokerages have issued reports on HSC. Zacks Investment Research downgraded shares of Harsco from a “hold” rating to a “sell” rating in a research report on Wednesday, May 3rd. Jefferies Group LLC reaffirmed a “buy” rating and issued a $15.00 price objective (up previously from $13.00) on shares of Harsco in a research report on Monday, March 20th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $15.00.

Harsco (NYSE:HSC) opened at 15.05 on Friday. The stock’s market capitalization is $1.21 billion. The stock has a 50 day moving average of $12.78 and a 200 day moving average of $13.00. Harsco has a 1-year low of $5.81 and a 1-year high of $15.75.

Several hedge funds have recently added to or reduced their stakes in the company. Russell Investments Group Ltd. bought a new stake in Harsco during the fourth quarter worth $5,252,000. Comerica Bank boosted its stake in shares of Harsco by 5.7% in the fourth quarter. Comerica Bank now owns 85,582 shares of the industrial products company’s stock worth $1,138,000 after buying an additional 4,608 shares in the last quarter. AQR Capital Management LLC boosted its stake in shares of Harsco by 19.0% in the fourth quarter. AQR Capital Management LLC now owns 242,604 shares of the industrial products company’s stock worth $3,299,000 after buying an additional 38,699 shares in the last quarter. HBK Investments L P boosted its stake in shares of Harsco by 55.9% in the third quarter. HBK Investments L P now owns 227,828 shares of the industrial products company’s stock worth $2,262,000 after buying an additional 81,728 shares in the last quarter. Finally, Cortina Asset Management LLC boosted its stake in shares of Harsco by 4.1% in the fourth quarter. Cortina Asset Management LLC now owns 543,498 shares of the industrial products company’s stock worth $7,392,000 after buying an additional 21,622 shares in the last quarter. 82.36% of the stock is owned by institutional investors and hedge funds.

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About Harsco

Harsco Corporation is a provider of industrial services and engineered products. The Company operates in three segments: Harsco Metals & Minerals, Harsco Industrial and Harsco Rail. The Harsco Metals & Minerals segment provides outsourced on-site services to the global metals industry, with the operations focused in the United States, the United Kingdom, France and Brazil.

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