Harsco Corporation (NYSE:HSC) Expected to Post Q1 2019 Earnings of $0.21 Per Share
Harsco Corporation (NYSE:HSC) – Equities researchers at Lake Street Capital issued their Q1 2019 earnings per share (EPS) estimates for shares of Harsco Corporation in a report released on Friday. Lake Street Capital analyst R. Brown expects that the industrial products company will earn $0.21 per share for the quarter. Lake Street Capital has a “Buy” rating on the stock. Lake Street Capital also issued estimates for Harsco Corporation’s Q2 2019 earnings at $0.27 EPS.
A number of other research analysts have also recently commented on HSC. Zacks Investment Research upgraded Harsco Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, April 27th. 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 target price (up previously 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 stock. Harsco Corporation has a consensus rating of “Buy” and an average price target of $17.00.
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Shares of Harsco Corporation (HSC) opened at 16.825 on Monday. Harsco Corporation has a one year low of $8.52 and a one year high of $17.08. The company’s 50-day moving average price is $16.05 and its 200 day moving average price is $14.22. The company’s market cap is $1.35 billion.
Harsco Corporation (NYSE:HSC) last announced its quarterly earnings results on Thursday, August 3rd. The industrial products company reported $0.22 earnings per share (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 26.28% and a negative net margin of 1.38%. The business had revenue of $394.89 million during the quarter, compared to the consensus estimate of $384.40 million. During the same quarter in the prior year, the company posted $0.15 earnings per share. Harsco Corporation’s revenue was up 6.7% compared to the same quarter last year.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. State of Alaska Department of Revenue boosted its position in shares of Harsco Corporation by 2.0% in the first quarter. State of Alaska Department of Revenue now owns 8,850 shares of the industrial products company’s stock worth $112,000 after buying an additional 170 shares during the last quarter. Invictus RG bought a new position in shares of Harsco Corporation during the first quarter worth about $120,000. Federated Investors Inc. PA boosted its position in shares of Harsco Corporation by 1.7% in the second quarter. Federated Investors Inc. PA now owns 7,678 shares of the industrial products company’s stock worth $124,000 after buying an additional 132 shares during the last quarter. Quantbot Technologies LP bought a new position in shares of Harsco Corporation during the first quarter worth about $147,000. Finally, Raymond James Financial Services Advisors Inc. bought a new position in shares of Harsco Corporation during the first quarter worth about $148,000. Institutional investors and hedge funds own 82.90% of the company’s stock.
In other Harsco Corporation news, SVP Scott H. Gerson sold 6,706 shares of Harsco Corporation stock in a transaction on Thursday, May 11th. The stock was sold at an average price of $15.10, for a total transaction of $101,260.60. Following the completion of the transaction, the senior vice president now owns 32,125 shares in the company, valued at $485,087.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.76% of the stock is currently owned by insiders.
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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