Harsco (NYSE:HSC) updated its first quarter 2019 earnings guidance on Thursday. The company provided earnings per share guidance of $0.20-0.26 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.28. Harsco also updated its FY 2019 guidance to $1.29-1.47 EPS.
Several brokerages have recently issued reports on HSC. Zacks Investment Research lowered Harsco from a buy rating to a hold rating in a research note on Thursday, January 24th. ValuEngine downgraded Harsco from a buy rating to a hold rating in a report on Tuesday, December 11th. Finally, Singular Research reissued a buy rating on shares of Harsco in a report on Thursday, March 7th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus target price of $30.50.
Shares of NYSE HSC traded up $0.02 during mid-day trading on Friday, hitting $21.77. 1,163,012 shares of the stock traded hands, compared to its average volume of 558,875. The company has a market cap of $1.73 billion, a price-to-earnings ratio of 16.62 and a beta of 2.51. Harsco has a twelve month low of $18.87 and a twelve month high of $30.05. The company has a quick ratio of 1.13, a current ratio of 1.45 and a debt-to-equity ratio of 1.87.
Harsco (NYSE:HSC) last announced its earnings results on Thursday, February 21st. The industrial products company reported $0.33 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.29 by $0.04. Harsco had a return on equity of 38.66% and a net margin of 7.96%. The firm had revenue of $437.90 million for the quarter, compared to the consensus estimate of $437.23 million. During the same period in the previous year, the business earned $0.20 EPS. The business’s quarterly revenue was down 3.8% compared to the same quarter last year. On average, research analysts anticipate that Harsco will post 1.4 earnings per share for the current fiscal year.
Harsco Company Profile
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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