Harsco Corp. (HSC) Trading Down 4.2%
Shares of Harsco Corp. (NYSE:HSC) were down 4.2% during trading on Thursday . The company traded as low as $9.94 and last traded at $9.97, with a volume of 357,887 shares trading hands. The stock had previously closed at $10.41.
A number of analysts have commented on HSC shares. Zacks Investment Research upgraded shares of Harsco Corp. from a “sell” rating to a “hold” rating in a report on Wednesday, April 27th. Jefferies Group restated a “buy” rating on shares of Harsco Corp. in a report on Monday, August 1st.
The stock’s market capitalization is $817.77 million. The stock has a 50 day moving average price of $9.70 and a 200 day moving average price of $7.03.
Harsco Corp. (NYSE:HSC) last posted its quarterly earnings data on Thursday, August 4th. The company reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.05. The firm earned $370 million during the quarter, compared to analyst estimates of $377.30 million. During the same period in the prior year, the firm earned $0.08 EPS. The business’s quarterly revenue was down 18.9% on a year-over-year basis. Analysts forecast that Harsco Corp. will post $0.42 earnings per share for the current fiscal year.
A hedge fund recently raised its stake in Harsco Corp. stock. California Public Employees Retirement System increased its stake in Harsco Corp. (NYSE:HSC) by 6.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 348,553 shares of the company’s stock after buying an additional 21,900 shares during the period. California Public Employees Retirement System owned approximately 0.44% of Harsco Corp. worth $2,747,000 at the end of the most recent reporting period.
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. Its Harsco Metals & Minerals segment is a provider of on-site, outsourced services to the metals industries across the world.
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