Harsco (HSC) Updates Q1 2019 Earnings Guidance

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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.

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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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