Harsco Corp. (HSC) Shares Up 3.1%
Harsco Corp. (NYSE:HSC) shares shot up 3.1% during mid-day trading on Monday . The company traded as high as $10.37 and last traded at $10.35, with a volume of 123,122 shares trading hands. The stock had previously closed at $10.04.
A number of brokerages have recently issued reports on HSC. Jefferies Group reissued a “buy” rating on shares of Harsco Corp. in a research note on Monday, August 1st. Zacks Investment Research raised Harsco Corp. from a “sell” rating to a “hold” rating in a research note on Thursday, May 5th.
The company’s 50 day moving average price is $9.88 and its 200 day moving average price is $7.07. The stock’s market capitalization is $816.17 million.
Harsco Corp. (NYSE:HSC) last released its earnings results on Thursday, August 4th. The company reported $0.15 EPS for the quarter, beating the Zacks’ consensus estimate of $0.10 by $0.05. The firm earned $370 million during the quarter, compared to the consensus estimate of $377.30 million. During the same period in the prior year, the company earned $0.08 EPS. The firm’s revenue was down 18.9% compared to the same quarter last year. On average, equities research analysts anticipate that Harsco Corp. will post $0.42 earnings per share for the current fiscal year.
An institutional investor recently raised its position in Harsco Corp. stock. California Public Employees Retirement System boosted its position in shares of Harsco Corp. (NYSE:HSC) by 6.7% during the fourth quarter, according to its most recent filing with the SEC. The fund 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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