Harsco (NYSE:HSC) Releases FY20 Earnings Guidance

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Harsco (NYSE:HSC) updated its FY20 earnings guidance on Friday. The company provided earnings per share (EPS) guidance of $0.84-1.12 for the period, compared to the Thomson Reuters consensus estimate of $1.25. Harsco also updated its FY 2020
Pre-Market guidance to 0.84-1.12 EPS.

HSC stock traded down $0.72 on Monday, hitting $14.38. 10,728 shares of the company’s stock traded hands, compared to its average volume of 1,070,513. Harsco has a 1-year low of $13.15 and a 1-year high of $27.97. The stock has a market cap of $1.19 billion, a price-to-earnings ratio of 2.31 and a beta of 2.27. The stock has a fifty day moving average of $17.43 and a 200-day moving average of $19.48. The company has a current ratio of 1.40, a quick ratio of 1.07 and a debt-to-equity ratio of 1.03.

HSC has been the topic of a number of recent analyst reports. Barrington Research restated a buy rating and set a $25.00 price target on shares of Harsco in a report on Monday, February 10th. KeyCorp dropped their price target on shares of Harsco from $30.00 to $24.00 and set an overweight rating on the stock in a research note on Friday, January 24th. Zacks Investment Research lowered shares of Harsco from a hold rating to a sell rating in a research note on Thursday, January 16th. Lake Street Capital decreased their price objective on shares of Harsco from $36.00 to $31.00 and set a buy rating for the company in a report on Friday, January 24th. Finally, ValuEngine raised shares of Harsco from a sell rating to a hold rating in a report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company. Harsco has a consensus rating of Buy and a consensus price target of $25.00.

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.

Further Reading: How Do You Calculate Return on Equity (ROE)?

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