Harsco Corporation (NYSE:HSC) Issues Q3 Earnings Guidance
Harsco Corporation (NYSE:HSC) issued an update on its third quarter earnings guidance on Thursday morning. The company provided EPS guidance of $0.13-0.18 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.14.
Harsco Corporation (NYSE:HSC) traded up 0.90% during midday trading on Friday, hitting $16.75. The stock had a trading volume of 798,956 shares. Harsco Corporation has a 1-year low of $8.52 and a 1-year high of $17.08. The firm has a 50-day moving average price of $16.05 and a 200-day moving average price of $14.22. The firm’s market capitalization is $1.34 billion.
Harsco Corporation (NYSE:HSC) last issued its earnings results on Thursday, August 3rd. The industrial products company reported $0.22 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.17 by $0.05. Harsco Corporation had a positive return on equity of 20.08% and a negative net margin of 4.48%. The company had revenue of $394.89 million during the quarter, compared to the consensus estimate of $384.40 million. During the same period in the previous year, the company posted $0.15 EPS. The firm’s revenue for the quarter was up 6.7% compared to the same quarter last year. On average, equities research analysts anticipate that Harsco Corporation will post $0.62 earnings per share for the current year.
Several research firms recently issued reports on HSC. Zacks Investment Research upgraded Harsco Corporation from a hold rating to a buy rating and set a $17.00 price target for the company in a research note on Tuesday, May 16th. BidaskClub upgraded Harsco Corporation from a buy rating to a strong-buy rating in a research note on Tuesday, June 13th. Finally, KeyCorp restated an overweight rating and issued a $19.00 price target (up from $17.50) on shares of Harsco Corporation in a research note on Monday, June 26th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of Buy and a consensus price target of $17.00.
In related news, SVP Scott H. Gerson sold 6,706 shares of the business’s stock in a transaction on Thursday, May 11th. The stock was sold at an average price of $15.10, for a total value of $101,260.60. Following the completion of the sale, the senior vice president now directly owns 32,125 shares in the company, valued at approximately $485,087.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.76% of the company’s stock.
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Harsco Corporation Company Profile
Harsco Corporation is a provider of industrial services and engineered products. The Company operates in three segments: Harsco Metals & Minerals, Harsco Industrial and Harsco Rail. The Harsco Metals & Minerals segment provides outsourced on-site services to the global metals industry, with the operations focused in the United States, the United Kingdom, France and Brazil.
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