Harsco (NYSE:HSC) Updates Q2 2021 Earnings Guidance

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Harsco (NYSE:HSC) updated its second quarter 2021 earnings guidance on Tuesday. The company provided earnings per share guidance of 0.210-0.270 for the period. The company issued revenue guidance of -.Harsco also updated its FY 2021 guidance to 0.820-0.960 EPS.

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

NYSE:HSC traded up $0.33 on Tuesday, hitting $19.16. The stock had a trading volume of 1,104,676 shares, compared to its average volume of 408,662. Harsco has a 1 year low of $7.52 and a 1 year high of $22.18. The firm’s fifty day simple moving average is $17.82 and its two-hundred day simple moving average is $17.41. The stock has a market cap of $1.51 billion, a P/E ratio of 79.83, a price-to-earnings-growth ratio of 2.42 and a beta of 2.43. 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 (NYSE:HSC) last posted its quarterly earnings results on Tuesday, May 4th. The industrial products company reported $0.15 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.11. Harsco had a net margin of 1.09% and a return on equity of 4.41%. The company had revenue of $528.86 million during the quarter, compared to analyst estimates of $514.94 million. During the same quarter in the prior year, the business earned $0.16 earnings per share. The firm’s revenue for the quarter was up 32.6% on a year-over-year basis. Equities research analysts predict that Harsco will post 0.47 EPS for the current year.

In other news, SVP Russell C. Hochman sold 12,260 shares of the company’s stock in a transaction dated 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 transaction, the senior vice president now directly owns 39,627 shares of the company’s stock, valued at $832,167. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.81% of the stock is owned by company 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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