Equities research analysts forecast that Harsco Co. (NYSE:HSC) will report $0.37 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Harsco’s earnings. Harsco reported earnings per share of $0.36 in the same quarter last year, which suggests a positive year over year growth rate of 2.8%. The company is scheduled to report its next quarterly earnings report on Thursday, August 1st.

According to Zacks, analysts expect that Harsco will report full year earnings of $1.43 per share for the current year, with EPS estimates ranging from $1.38 to $1.47. For the next year, analysts anticipate that the business will post earnings of $1.59 per share, with EPS estimates ranging from $1.53 to $1.65. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that that provide coverage for Harsco.

Harsco (NYSE:HSC) last announced its quarterly earnings results on Thursday, May 9th. The industrial products company reported $0.29 EPS for the quarter, beating the 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 company had revenue of $447.29 million for the quarter, compared to the consensus estimate of $439.33 million. During the same quarter last year, the company posted $0.22 earnings per share. The company’s revenue for the quarter was up 9.6% compared to the same quarter last year.

HSC has been the topic of several analyst reports. Zacks Investment Research upgraded Harsco from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a report on Tuesday, January 22nd. Singular Research reiterated a “buy” rating on shares of Harsco in a report on Thursday, March 7th. ValuEngine downgraded Harsco from a “hold” rating to a “sell” rating in a report on Friday, March 22nd. Finally, KeyCorp increased their price target on Harsco from $30.00 to $35.00 and gave the company an “overweight” rating in a report on Friday, May 10th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $32.00.

In other news, SVP Scott H. Gerson sold 9,308 shares of the stock in a transaction that occurred 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 sale, the senior vice president now directly owns 22,374 shares of the company’s stock, valued at $565,167.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.64% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently bought and sold shares of the company. BlackRock Inc. boosted its position in shares of Harsco by 0.4% in the first quarter. BlackRock Inc. now owns 11,511,523 shares of the industrial products company’s stock valued at $232,071,000 after acquiring an additional 45,541 shares during the period. Vanguard Group Inc. boosted its position in shares of Harsco by 2.9% in the third quarter. Vanguard Group Inc. now owns 10,841,968 shares of the industrial products company’s stock valued at $309,539,000 after acquiring an additional 303,108 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Harsco by 0.6% in the first quarter. Dimensional Fund Advisors LP now owns 2,344,148 shares of the industrial products company’s stock valued at $47,259,000 after acquiring an additional 15,101 shares during the period. Victory Capital Management Inc. boosted its position in shares of Harsco by 5.5% in the first quarter. Victory Capital Management Inc. now owns 2,123,172 shares of the industrial products company’s stock valued at $42,803,000 after acquiring an additional 110,522 shares during the period. Finally, Loomis Sayles & Co. L P boosted its position in shares of Harsco by 29.0% in the first quarter. Loomis Sayles & Co. L P now owns 1,937,870 shares of the industrial products company’s stock valued at $39,067,000 after acquiring an additional 435,356 shares during the period. 84.05% of the stock is owned by institutional investors.

Shares of HSC stock opened at $26.11 on Monday. Harsco has a 12 month low of $18.87 and a 12 month high of $30.05. The company has a debt-to-equity ratio of 2.03, a quick ratio of 1.17 and a current ratio of 1.52. The company has a market cap of $2.09 billion, a price-to-earnings ratio of 19.93 and a beta of 2.50.

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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