Harsco Corporation (HSC) to Release Quarterly Earnings on Wednesday
Harsco Corporation (NYSE:HSC) will announce its earnings results before the market opens on Wednesday, November 8th. Analysts expect the company to announce earnings of $0.16 per share for the quarter. Harsco Corporation has set its Q3 guidance at $0.13-0.18 EPS.
Harsco Corporation (NYSE:HSC) last posted its earnings results on Thursday, August 3rd. The industrial products company reported $0.22 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.17 by $0.05. Harsco Corporation had a negative net margin of 1.38% and a positive return on equity of 26.28%. The firm had revenue of $394.89 million during the quarter, compared to analysts’ expectations of $384.40 million. During the same period last year, the company posted $0.15 EPS. The company’s quarterly revenue was up 6.7% compared to the same quarter last year. On average, analysts expect Harsco Corporation to post $0.63 EPS for the current fiscal year and $0.75 EPS for the next fiscal year.
Shares of Harsco Corporation (NYSE:HSC) opened at 21.25 on Wednesday. The stock’s market capitalization is $1.71 billion. Harsco Corporation has a 52-week low of $9.05 and a 52-week high of $22.00. The stock has a 50 day moving average of $20.55 and a 200 day moving average of $16.82.
HSC has been the subject of a number of recent analyst reports. Zacks Investment Research lowered shares of Harsco Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, October 4th. Argus raised shares of Harsco Corporation from a “hold” rating to a “buy” rating and set a $21.00 target price for the company in a research note on Friday, September 15th. BidaskClub lowered shares of Harsco Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, August 23rd. Lake Street Capital reissued a “buy” rating on shares of Harsco Corporation in a research note on Friday, August 4th. Finally, Jefferies Group LLC reissued a “buy” rating and set a $19.00 target price (up from $18.00) on shares of Harsco Corporation in a research note on Wednesday, August 9th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $19.50.
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About Harsco Corporation
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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