Harsco Corp. (HSC) Shares Down 1.3%
Harsco Corp. (NYSE:HSC) shares were down 1.3% during mid-day trading on Monday . The company traded as low as $9.53 and last traded at $9.72, with a volume of 544,482 shares traded. The stock had previously closed at $9.85.
Separately, Zacks Investment Research raised shares of Harsco Corp. from a “hold” rating to a “buy” rating and set a $7.00 price objective on the stock in a research report on Monday, May 23rd.
The stock has a 50-day moving average price of $7.13 and a 200 day moving average price of $6.32. The stock’s market cap is $768.93 million.
Harsco Corp. (NYSE:HSC) last announced its quarterly earnings results on Wednesday, May 4th. The company reported $0.03 earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.08. The firm had revenue of $353 million for the quarter, compared to analyst estimates of $347.50 million. The company’s revenue was down 21.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.20 EPS. On average, analysts forecast that Harsco Corp. will post $0.33 earnings per share for the current year.
Other hedge funds and institutional investors recently bought and sold shares of the company. Lapides Asset Management LLC boosted its position in Harsco Corp. by 11.5% in the fourth quarter. Lapides Asset Management LLC now owns 2,055,000 shares of the company’s stock worth $16,193,000 after buying an additional 211,500 shares during the last quarter. California Public Employees Retirement System boosted its position in Harsco Corp. by 6.7% in the fourth quarter. California Public Employees Retirement System now owns 348,553 shares of the company’s stock worth $2,747,000 after buying an additional 21,900 shares during the last quarter. Systematic Financial Management LP bought a new position in Harsco Corp. during the fourth quarter worth approximately $1,543,000. New York State Common Retirement Fund boosted its position in Harsco Corp. by 139.2% in the fourth quarter. New York State Common Retirement Fund now owns 183,493 shares of the company’s stock worth $1,446,000 after buying an additional 106,793 shares during the last quarter. Finally, California State Teachers Retirement System boosted its stake in shares of Harsco Corp. by 1.8% in the fourth quarter. California State Teachers Retirement System now owns 148,394 shares of the company’s stock valued at $1,169,000 after buying an additional 2,625 shares in the last quarter.
Harsco Corporation is a provider of industrial services and engineered products serving global industries. The Company operates in three segments: Harsco Metals & Minerals, Harsco Industrial and Harsco Rail. Harsco Metals & Minerals segment is a provider of on-site, outsourced services to the global metals industries.
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