Harsco Corporation (HSC) Releases Q4 Earnings Guidance
Harsco Corporation (NYSE:HSC) issued an update on its fourth quarter earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $0.11-0.15 for the period, compared to the Thomson Reuters consensus estimate of $0.13.
Shares of Harsco Corporation (HSC) opened at $18.65 on Friday. The company has a debt-to-equity ratio of 2.87, a current ratio of 1.30 and a quick ratio of 0.88. The stock has a market cap of $1,500.29, a PE ratio of 27.03 and a beta of 3.18. Harsco Corporation has a 12 month low of $11.40 and a 12 month high of $22.00.
Harsco Corporation (NYSE:HSC) last announced its quarterly earnings data on Wednesday, November 8th. The industrial products company reported $0.20 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.16 by $0.04. The business had revenue of $384.65 million during the quarter, compared to the consensus estimate of $398.85 million. Harsco Corporation had a net margin of 1.69% and a return on equity of 32.46%. The firm’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.14 earnings per share. equities analysts forecast that Harsco Corporation will post 0.65 EPS for the current year.
HSC has been the subject of several research analyst reports. BidaskClub downgraded shares of Harsco Corporation from a strong-buy rating to a buy rating in a research note on Wednesday, July 19th. Argus raised shares of Harsco Corporation from a hold rating to a buy rating and set a $21.00 price target for the company in a research note on Friday, September 15th. Jefferies Group LLC reaffirmed a buy rating and set a $19.00 price target (up previously from $18.00) on shares of Harsco Corporation in a research note on Wednesday, August 9th. Zacks Investment Research downgraded shares of Harsco Corporation from a buy rating to a hold rating in a research note on Wednesday, October 4th. Finally, Lake Street Capital reaffirmed a buy rating on shares of Harsco Corporation in a research note on Friday, August 4th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of Hold and a consensus target price of $19.50.
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About Harsco Corporation
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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