Harsco (NYSE:HSC) Releases FY 2022 Earnings Guidance

Harsco (NYSE:HSCGet Rating) updated its FY 2022 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of -$0.13-0 for the period, compared to the consensus estimate of $0.10. The company issued revenue guidance of -. Harsco also updated its FY22 guidance to ($0.13)-0.00 EPS.

Analyst Ratings Changes

A number of brokerages recently commented on HSC. BMO Capital Markets began coverage on Harsco in a report on Tuesday, July 12th. They set a market perform rating on the stock. Barrington Research lowered their target price on Harsco from $20.00 to $13.00 and set an outperform rating on the stock in a research note on Monday, July 18th. TheStreet lowered Harsco from a c- rating to a d rating in a research note on Friday, May 13th. Finally, DA Davidson lowered their target price on Harsco from $16.00 to $13.00 and set a buy rating on the stock in a research note on Wednesday, July 20th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Harsco currently has an average rating of Hold and a consensus price target of $13.00.

Harsco Trading Up 9.0 %

HSC stock traded up $0.53 during trading on Friday, hitting $6.39. 1,012,334 shares of the company traded hands, compared to its average volume of 629,471. The company has a 50-day moving average of $6.69 and a 200-day moving average of $10.41. The firm has a market capitalization of $507.48 million, a PE ratio of -3.03 and a beta of 1.70. The company has a debt-to-equity ratio of 2.00, a quick ratio of 1.37 and a current ratio of 1.32. Harsco has a 1 year low of $4.36 and a 1 year high of $19.90.

Harsco (NYSE:HSCGet Rating) last announced its earnings results on Tuesday, August 2nd. The industrial products company reported $0.01 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.01. The firm had revenue of $481.10 million during the quarter, compared to analyst estimates of $465.78 million. Harsco had a positive return on equity of 4.51% and a negative net margin of 8.36%. The business’s revenue was up 2.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.28 EPS. Analysts predict that Harsco will post -0.06 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Harsco

A number of institutional investors have recently bought and sold shares of HSC. Dimensional Fund Advisors LP boosted its position in shares of Harsco by 8.7% during the first quarter. Dimensional Fund Advisors LP now owns 2,515,618 shares of the industrial products company’s stock valued at $30,791,000 after buying an additional 201,034 shares during the period. Vanguard Group Inc. boosted its position in shares of Harsco by 1.4% during the first quarter. Vanguard Group Inc. now owns 8,603,824 shares of the industrial products company’s stock valued at $105,311,000 after buying an additional 122,310 shares during the period. State Street Corp boosted its position in shares of Harsco by 3.7% during the first quarter. State Street Corp now owns 2,845,597 shares of the industrial products company’s stock valued at $34,830,000 after buying an additional 100,290 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of Harsco by 47.8% during the first quarter. Goldman Sachs Group Inc. now owns 261,240 shares of the industrial products company’s stock valued at $3,198,000 after buying an additional 84,448 shares during the period. Finally, Bank of America Corp DE boosted its position in shares of Harsco by 14.9% during the first quarter. Bank of America Corp DE now owns 630,624 shares of the industrial products company’s stock valued at $7,718,000 after buying an additional 81,942 shares during the period. 95.61% of the stock is owned by institutional investors.

About Harsco

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Harsco Corporation provides environmental solutions for industrial and specialty waste streams worldwide. It operates through two segments, Harsco Environmental and Harsco Clean Earth. The Harsco Environmental segment offers on-site services for material logistics, product quality improvement, and resource recovery for iron, steel, and metals manufacturing; manufactures and sells industrial abrasives, roofing granules, aluminum dross, and scrap processing systems; and produces value-added downstream products from industrial waste-stream.

See Also

Earnings History and Estimates for Harsco (NYSE:HSC)

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