Harsco Corp. (HSC) Shares Up 9.9%
Harsco Corp. (NYSE:HSC)’s share price shot up 9.9% during mid-day trading on Thursday . The stock traded as high as $9.12 and last traded at $8.85, with a volume of 1,978,420 shares trading hands. The stock had previously closed at $8.05.
Separately, Zacks Investment Research upgraded shares of Harsco Corp. from a “sell” rating to a “hold” rating in a research report on Wednesday, April 27th.
The stock’s 50-day moving average is $6.78 and its 200 day moving average is $6.27. The firm’s market capitalization is $724.88 million.
Harsco Corp. (NYSE:HSC) last announced its quarterly earnings data on Wednesday, May 4th. The company reported $0.03 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.05) by $0.08. During the same quarter in the previous year, the firm posted $0.20 earnings per share. The business earned $353 million during the quarter, compared to the consensus estimate of $347.50 million. The company’s revenue was down 21.9% compared to the same quarter last year. On average, equities analysts predict that Harsco Corp. will post $0.28 earnings per share for the current year.
A number of large investors have recently bought and sold shares of HSC. California State Teachers Retirement System raised its stake in Harsco Corp. by 1.8% in the fourth quarter. California State Teachers Retirement System now owns 148,394 shares of the company’s stock worth $1,169,000 after buying an additional 2,625 shares in the last quarter. California Public Employees Retirement System raised its stake 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 in the last quarter. New York State Common Retirement Fund raised its stake 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 in the last quarter. Lapides Asset Management LLC raised its stake 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 in the last quarter. Finally, Systematic Financial Management LP purchased a new stake in Harsco Corp. during the fourth quarter worth approximately $1,543,000.
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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