Harsco (HSC) Releases FY 2018 Earnings Guidance

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Harsco (NYSE:HSC) updated its FY 2018 earnings guidance on Wednesday. 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.

HSC has been the subject of several recent analyst reports. KeyCorp increased their price objective on Harsco from $28.00 to $32.00 and gave the stock an overweight rating in a research note on Wednesday, September 12th. Singular Research assumed coverage on Harsco in a research report on Monday, August 27th. They issued a buy rating and a $32.00 price objective for the company. ValuEngine upgraded Harsco from a hold rating to a buy rating in a report on Thursday, July 26th. Finally, Zacks Investment Research cut Harsco from a strong-buy rating to a hold rating in a report on Wednesday, July 4th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Harsco has an average rating of Buy and an average target price of $28.80.

Shares of NYSE:HSC traded up $3.24 during trading on Wednesday, reaching $27.55. 10,117 shares of the company traded hands, compared to its average volume of 428,678. The company has a market cap of $1.89 billion, a price-to-earnings ratio of 37.69 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 has a 52 week low of $15.55 and a 52 week high of $30.05.

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

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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