Harsco (NYSE:HSC) Updates FY 2022 Earnings Guidance

Harsco (NYSE:HSCGet Rating) issued an update on its FY 2022 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $0.35-$0.44 for the period, compared to the consensus earnings per share estimate of $0.57. The company issued revenue guidance of -.Harsco also updated its Q2 2022 guidance to $0.07-$0.11 EPS.

Shares of NYSE:HSC traded down $0.17 on Tuesday, hitting $7.68. The company had a trading volume of 16,442 shares, compared to its average volume of 513,584. The firm’s 50-day simple moving average is $11.72 and its two-hundred day simple moving average is $14.35. Harsco has a 1 year low of $6.91 and a 1 year high of $23.73. The company has a quick ratio of 1.34, a current ratio of 1.50 and a debt-to-equity ratio of 1.82. The firm has a market capitalization of $609.93 million, a price-to-earnings ratio of -14.85, a P/E/G ratio of 2.27 and a beta of 1.97.

Harsco (NYSE:HSCGet Rating) last posted its earnings results on Tuesday, May 3rd. The industrial products company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.03 by ($0.04). Harsco had a positive return on equity of 7.10% and a negative net margin of 2.13%. The company had revenue of $452.80 million during the quarter, compared to analysts’ expectations of $447.22 million. During the same period in the prior year, the business posted $0.15 earnings per share. The company’s revenue for the quarter was up 1.2% on a year-over-year basis. Equities research analysts anticipate that Harsco will post 0.38 EPS for the current year.

HSC has been the subject of a number of recent research reports. DA Davidson initiated coverage on shares of Harsco in a research report on Wednesday, March 30th. They set a buy rating and a $18.00 price target for the company. StockNews.com initiated coverage on shares of Harsco in a research report on Thursday, March 31st. They set a hold rating for the company. Barrington Research lowered their price target on shares of Harsco from $22.00 to $20.00 in a research report on Wednesday, May 4th. Finally, Zacks Investment Research cut shares of Harsco from a hold rating to a sell rating in a research report on Wednesday, May 4th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of Hold and a consensus target price of $19.67.

In other news, CEO F Nicholas Grasberger III acquired 25,000 shares of Harsco stock in a transaction on Monday, February 28th. The stock was acquired at an average cost of $11.92 per share, for a total transaction of $298,000.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 1.91% of the stock is currently owned by company insiders.

Large investors have recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio grew its stake in shares of Harsco by 16.5% in the fourth quarter. Public Employees Retirement System of Ohio now owns 6,705 shares of the industrial products company’s stock worth $112,000 after acquiring an additional 949 shares during the period. Stifel Financial Corp bought a new stake in shares of Harsco in the fourth quarter worth approximately $172,000. Guggenheim Capital LLC bought a new stake in shares of Harsco in the fourth quarter worth approximately $173,000. Metropolitan Life Insurance Co NY grew its stake in shares of Harsco by 3.5% in the fourth quarter. Metropolitan Life Insurance Co NY now owns 19,697 shares of the industrial products company’s stock worth $329,000 after acquiring an additional 664 shares during the period. Finally, Barclays PLC grew its stake in shares of Harsco by 39.6% in the fourth quarter. Barclays PLC now owns 102,353 shares of the industrial products company’s stock worth $1,711,000 after acquiring an additional 29,025 shares during the period. Institutional investors and hedge funds own 95.61% of the company’s stock.

About Harsco (Get Rating)

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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