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 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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