Q3 2022 EPS Estimates for Harsco Co. (NYSE:HSC) Reduced by Analyst

Harsco Co. (NYSE:HSCGet Rating) – Equities research analysts at KeyCorp decreased 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.

Harsco (NYSE:HSCGet Rating) last issued its earnings results on Tuesday, August 2nd. The industrial products company reported $0.01 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.01. Harsco had a positive return on equity of 4.51% and a negative net margin of 8.36%. The business had revenue of $481.10 million during the quarter, compared to analysts’ expectations of $465.78 million. During the same period in the prior year, the firm posted $0.28 EPS. Harsco’s quarterly revenue was up 2.6% compared to the same quarter last year.

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

Harsco Trading Up 9.0 %

Shares of HSC opened at $6.39 on Friday. Harsco has a 1 year low of $4.36 and a 1 year high of $19.90. The company has a current ratio of 1.32, a quick ratio of 1.37 and a debt-to-equity ratio of 2.00. The stock has a 50 day simple moving average of $6.65 and a 200-day simple moving average of $10.33. The stock has a market cap of $507.48 million, a PE ratio of -3.13 and a beta of 1.70.

Institutional Trading of Harsco

Several institutional investors and hedge funds have recently added to or reduced their stakes in HSC. KBC Group NV acquired a new position in shares of Harsco during the 2nd quarter worth about $50,000. Brookstone Capital Management acquired a new position in shares of Harsco during the 2nd quarter worth about $71,000. Captrust Financial Advisors grew its position in shares of Harsco by 50.8% during the 1st quarter. Captrust Financial Advisors now owns 8,171 shares of the industrial products company’s stock worth $100,000 after buying an additional 2,751 shares during the period. Profund Advisors LLC acquired a new position in shares of Harsco during the 1st quarter worth about $134,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Harsco by 40.6% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,734 shares of the industrial products company’s stock worth $144,000 after buying an additional 3,386 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.

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Earnings History and Estimates for Harsco (NYSE:HSC)

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