Analysts predict that Harsco Co. (NYSE:HSC) will post $479.44 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Harsco’s earnings. The lowest sales estimate is $479.20 million and the highest is $479.67 million. Harsco posted sales of $431.97 million in the same quarter last year, which indicates a positive year-over-year growth rate of 11%. The business is expected to report its next earnings results on Thursday, August 1st.

On average, analysts expect that Harsco will report full-year sales of $1.93 billion for the current fiscal year, with estimates ranging from $1.92 billion to $1.94 billion. For the next year, analysts forecast that the business will report sales of $2.03 billion, with estimates ranging from $2.03 billion to $2.04 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Harsco.

Harsco (NYSE:HSC) last issued its quarterly earnings data on Thursday, May 9th. The industrial products company reported $0.29 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.05. Harsco had a return on equity of 37.56% and a net margin of 7.94%. The business had revenue of $447.29 million during the quarter, compared to analysts’ expectations of $439.33 million. During the same period in the previous year, the firm posted $0.22 earnings per share. The company’s revenue was up 9.6% on a year-over-year basis.

HSC has been the subject of a number of research reports. Zacks Investment Research cut Harsco from a “buy” rating to a “hold” rating in a research note on Thursday, January 24th. ValuEngine upgraded Harsco from a “sell” rating to a “hold” rating in a report on Thursday, April 4th. KeyCorp lifted their target price on Harsco from $30.00 to $35.00 and gave the company an “overweight” rating in a report on Friday, May 10th. Finally, Singular Research reiterated a “buy” rating on shares of Harsco in a report on Thursday, March 7th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $32.00.

Shares of NYSE HSC traded down $0.12 during trading on Wednesday, reaching $25.21. The stock had a trading volume of 387,700 shares, compared to its average volume of 535,398. Harsco has a fifty-two week low of $18.87 and a fifty-two week high of $30.05. The company has a current ratio of 1.52, a quick ratio of 1.17 and a debt-to-equity ratio of 2.03. The stock has a market capitalization of $1.99 billion, a PE ratio of 19.24 and a beta of 2.50.

In related news, SVP Scott H. Gerson sold 9,308 shares of Harsco stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of $25.26, for a total value of $235,120.08. Following the completion of the transaction, the senior vice president now directly owns 22,374 shares in the company, valued at $565,167.24. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 1.64% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Premia Global Advisors LLC purchased a new stake in Harsco during the 1st quarter worth about $38,000. Pearl River Capital LLC purchased a new stake in Harsco during the 1st quarter worth about $48,000. NumerixS Investment Technologies Inc purchased a new stake in Harsco during the 4th quarter worth about $82,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Harsco by 19.5% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,704 shares of the industrial products company’s stock worth $113,000 after buying an additional 932 shares during the last quarter. Finally, LS Investment Advisors LLC lifted its holdings in Harsco by 13.2% during the 4th quarter. LS Investment Advisors LLC now owns 6,277 shares of the industrial products company’s stock worth $125,000 after buying an additional 733 shares during the last quarter. 84.05% of the stock is owned by institutional investors.

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.

Read More: Understanding the different types of bonds

Get a free copy of the Zacks research report on Harsco (HSC)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Harsco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Harsco and related companies with MarketBeat.com's FREE daily email newsletter.