Harsco (NYSE:HSC) Updates FY20 Earnings Guidance

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

HSC traded down $0.76 on Monday, reaching $14.34. 255,434 shares of the company’s stock were exchanged, compared to its average volume of 1,070,513. The stock has a market cap of $1.19 billion, a PE ratio of 2.30 and a beta of 2.27. Harsco has a twelve month low of $13.15 and a twelve month high of $27.97. The stock’s fifty day moving average price is $17.43 and its 200-day moving average price is $19.48. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.40 and a quick ratio of 1.07.

HSC has been the topic of a number of recent research reports. Barrington Research restated a buy rating and set a $25.00 price target on shares of Harsco in a research report on Monday, February 10th. TheStreet lowered shares of Harsco from a b- rating to a c+ rating in a research report on Thursday, February 6th. Lake Street Capital lowered their price target on shares of Harsco from $36.00 to $31.00 and set a buy rating on the stock in a research report on Friday, January 24th. ValuEngine upgraded shares of Harsco from a sell rating to a hold rating in a research report on Wednesday, January 8th. Finally, Zacks Investment Research lowered shares of Harsco from a hold rating to a sell rating in a research report on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company’s stock. Harsco presently has a consensus rating of Buy and an average target price of $25.00.

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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