Equities Analysts Offer Predictions for Harsco Co.’s Q3 2022 Earnings (NYSE:HSC)

Harsco Co. (NYSE:HSCGet Rating) – Research analysts at KeyCorp lowered their Q3 2022 earnings per share (EPS) estimates for shares of Harsco in a note issued to investors on Tuesday, August 2nd. KeyCorp analyst J. Hammond now expects that the industrial products company will earn ($0.02) per share for the quarter, down from their previous forecast of $0.10. The consensus estimate for Harsco’s current full-year earnings is ($0.06) per share. KeyCorp also issued estimates for Harsco’s Q4 2022 earnings at ($0.01) EPS and FY2022 earnings at ($0.03) EPS.

Several other equities analysts have also recently commented on the company. TheStreet cut Harsco from a “c-” rating to a “d” rating in a report on Friday, May 13th. BMO Capital Markets started coverage on Harsco in a report on Tuesday, July 12th. They issued a “market perform” rating for the company. Barrington Research dropped their target price on Harsco from $20.00 to $13.00 and set an “outperform” rating for the company in a report on Monday, July 18th. Finally, DA Davidson dropped their target price on Harsco from $16.00 to $13.00 and set a “buy” rating for the company in a report on Wednesday, July 20th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, Harsco currently has a consensus rating of “Hold” and a consensus price target of $13.00.

Harsco Trading Up 9.0 %

Harsco stock opened at $6.39 on Friday. The business has a 50 day moving average price of $6.65 and a two-hundred day moving average price of $10.33. The company has a quick ratio of 1.37, a current ratio of 1.32 and a debt-to-equity ratio of 2.00. The stock has a market cap of $507.48 million, a price-to-earnings ratio of -3.13 and a beta of 1.70. Harsco has a 12 month low of $4.36 and a 12 month 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 for the quarter, meeting the consensus estimate of $0.01. The firm had revenue of $481.10 million during the quarter, compared to the consensus estimate of $465.78 million. Harsco had a positive return on equity of 4.51% and a negative net margin of 8.36%. The firm’s revenue for the quarter 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.

Hedge Funds Weigh In On Harsco

A number of hedge funds have recently modified their holdings of HSC. Yousif Capital Management LLC acquired a new position in Harsco in the fourth quarter worth $1,181,000. Assenagon Asset Management S.A. bought a new position in shares of Harsco in the fourth quarter valued at about $803,000. FDx Advisors Inc. raised its holdings in shares of Harsco by 18.8% in the fourth quarter. FDx Advisors Inc. now owns 21,466 shares of the industrial products company’s stock valued at $359,000 after buying an additional 3,399 shares during the last quarter. MESIROW FINANCIAL INVESTMENT MANAGEMENT Equity & Fixed Income raised its holdings in shares of Harsco by 18.3% in the fourth quarter. MESIROW FINANCIAL INVESTMENT MANAGEMENT Equity & Fixed Income now owns 393,237 shares of the industrial products company’s stock valued at $6,571,000 after buying an additional 60,940 shares during the last quarter. Finally, Royce & Associates LP bought a new position in shares of Harsco in the fourth quarter valued at about $328,000. 95.61% of the stock is owned by institutional investors and hedge funds.

Harsco Company Profile

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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.

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Earnings History and Estimates for Harsco (NYSE:HSC)

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