Brokerages Anticipate Harsco Co. (NYSE:HSC) to Announce $0.02 Earnings Per Share
Analysts expect that Harsco Co. (NYSE:HSC) will report earnings per share (EPS) of $0.02 for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Harsco’s earnings. The lowest EPS estimate is $0.01 and the highest is $0.03. Harsco posted earnings of $0.21 per share in the same quarter last year, which would suggest a negative year over year growth rate of 90.5%. The firm is expected to issue its next quarterly earnings results on Wednesday, July 29th.
According to Zacks, analysts expect that Harsco will report full-year earnings of $0.54 per share for the current fiscal year, with EPS estimates ranging from $0.44 to $0.60. For the next financial year, analysts expect that the company will post earnings of $0.96 per share, with EPS estimates ranging from $0.90 to $1.00. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that follow Harsco.
Harsco (NYSE:HSC) last posted its earnings results on Friday, May 8th. The industrial products company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.14. The company had revenue of $398.80 million for the quarter, compared to the consensus estimate of $380.60 million. Harsco had a return on equity of 9.64% and a net margin of 30.74%. The firm’s revenue for the quarter was up 20.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.29 earnings per share.
In other Harsco news, Director Carolann I. Haznedar purchased 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 13th. The shares were bought at an average price of $7.93 per share, for a total transaction of $79,300.00. Following the acquisition, the director now owns 12,444 shares in the company, valued at $98,680.92. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Tracey L. Mckenzie sold 41,179 shares of the stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $8.31, for a total transaction of $342,197.49. Following the completion of the transaction, the senior vice president now owns 2,600 shares in the company, valued at approximately $21,606. The disclosure for this sale can be found here. Corporate insiders own 1.81% of the company’s stock.
A number of large investors have recently modified their holdings of the stock. State Street Corp increased its holdings in Harsco by 7.7% in the 1st quarter. State Street Corp now owns 2,529,895 shares of the industrial products company’s stock worth $17,633,000 after buying an additional 180,574 shares during the period. Royal Bank of Canada increased its holdings in Harsco by 3,391.6% in the 1st quarter. Royal Bank of Canada now owns 816,197 shares of the industrial products company’s stock worth $5,689,000 after buying an additional 792,821 shares during the period. Morgan Stanley increased its holdings in Harsco by 33.3% in the 1st quarter. Morgan Stanley now owns 651,198 shares of the industrial products company’s stock worth $4,539,000 after buying an additional 162,671 shares during the period. North Run Capital LP acquired a new position in Harsco in the 1st quarter worth approximately $3,607,000. Finally, Voloridge Investment Management LLC acquired a new position in Harsco in the 1st quarter worth approximately $311,000. Institutional investors own 90.72% of the company’s stock.
Shares of NYSE:HSC traded up $0.01 during mid-day trading on Friday, reaching $13.16. The stock had a trading volume of 5,977 shares, compared to its average volume of 859,608. Harsco has a 1 year low of $4.19 and a 1 year high of $27.97. The company has a current ratio of 1.51, a quick ratio of 1.14 and a debt-to-equity ratio of 1.09. The business’s 50 day moving average price is $11.35 and its 200 day moving average price is $13.16. The company has a market cap of $1.04 billion, a P/E ratio of 2.20 and a beta of 2.62.
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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