Harsco (HSC) Issues FY 2019 Earnings Guidance

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Harsco (NYSE:HSC) updated its FY 2019 earnings guidance on Thursday. The company provided EPS guidance of $1.29-1.47 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.43. Harsco also updated its Q1 2019 guidance to $0.20-0.26 EPS.

Several analysts recently commented on the company. ValuEngine lowered Harsco from a buy rating to a hold rating in a report on Tuesday, December 11th. Zacks Investment Research lowered Harsco from a strong-buy rating to a hold rating in a report on Wednesday, January 2nd. Finally, Lake Street Capital raised their price objective on Harsco from $31.00 to $33.00 and gave the company a buy rating in a report on Wednesday, October 31st. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock has an average rating of Buy and a consensus price target of $30.50.

Shares of HSC opened at $21.94 on Thursday. The company has a current ratio of 1.47, a quick ratio of 1.15 and a debt-to-equity ratio of 2.05. Harsco has a 12 month low of $16.20 and a 12 month high of $30.05. The company has a market capitalization of $1.75 billion, a price-to-earnings ratio of 29.65 and a beta of 2.45.

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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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