Harsco (NYSE:HSC) Releases FY 2021 Earnings Guidance


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Harsco (NYSE:HSC) issued an update on its FY 2021 earnings guidance on Tuesday morning. The company provided earnings per share guidance of 0.820-0.960 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.670. The company issued revenue guidance of -.Harsco also updated its FY21 guidance to $0.82 to $0.96 EPS.

Separately, Zacks Investment Research upgraded shares of Harsco from a strong sell rating to a hold rating in a report on Tuesday, April 27th.

Shares of NYSE HSC traded up $0.33 during midday trading on Tuesday, reaching $19.16. The stock had a trading volume of 1,104,676 shares, compared to its average volume of 408,662. The company’s 50 day moving average price is $17.82 and its 200 day moving average price is $17.41. The company has a debt-to-equity ratio of 1.63, a quick ratio of 1.19 and a current ratio of 1.51. Harsco has a twelve month low of $7.52 and a twelve month high of $22.18. The firm has a market cap of $1.51 billion, a price-to-earnings ratio of 79.83, a price-to-earnings-growth ratio of 2.42 and a beta of 2.43.

Harsco (NYSE:HSC) last issued its quarterly earnings results on Tuesday, May 4th. The industrial products company reported $0.15 EPS for the quarter, beating the Zacks’ consensus estimate of $0.04 by $0.11. The business had revenue of $528.86 million for the quarter, compared to analysts’ expectations of $514.94 million. Harsco had a net margin of 1.09% and a return on equity of 4.41%. The business’s quarterly revenue was up 32.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.16 earnings per share. Equities analysts forecast that Harsco will post 0.47 earnings per share for the current fiscal year.

In other news, SVP Russell C. Hochman sold 12,260 shares of the firm’s stock in a transaction that occurred on Tuesday, February 23rd. The shares were sold at an average price of $21.00, for a total transaction of $257,460.00. Following the completion of the sale, the senior vice president now owns 39,627 shares of the company’s stock, valued at approximately $832,167. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 1.81% of the stock is currently owned by insiders.

About Harsco

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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