Harsco (NYSE:HSC) issued its quarterly earnings data on Thursday. The industrial products company reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.06, Bloomberg Earnings reports. The firm had revenue of $455.00 million during the quarter, compared to analysts’ expectations of $432.50 million. Harsco had a return on equity of 32.46% and a net margin of 1.69%. The firm’s quarterly revenue was up 26.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.16 EPS. Harsco updated its Q1 guidance to $0.16-0.21 EPS.
Shares of Harsco (NYSE:HSC) traded up $3.05 during trading hours on Thursday, reaching $19.80. The company had a trading volume of 823,186 shares, compared to its average volume of 379,225. Harsco has a 12 month low of $11.40 and a 12 month high of $22.00. The firm has a market cap of $1,311.24, a price-to-earnings ratio of 54.03 and a beta of 2.96. The company has a quick ratio of 0.83, a current ratio of 1.30 and a debt-to-equity ratio of 2.87.
HSC has been the subject of a number of analyst reports. Zacks Investment Research upgraded Harsco from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a research note on Friday, November 10th. ValuEngine cut Harsco from a “buy” rating to a “hold” rating in a research note on Tuesday, November 14th. Finally, Argus upped their target price on Harsco to $24.00 and gave the company a “buy” rating in a research report on Thursday, January 11th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. Harsco currently has a consensus rating of “Buy” and an average price target of $21.00.
Harsco Company Profile
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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