Q3 2017 EPS Estimates for Harsco Corporation Increased by KeyCorp (NYSE:HSC)
Harsco Corporation (NYSE:HSC) – KeyCorp lifted their Q3 2017 earnings per share (EPS) estimates for shares of Harsco Corporation in a note issued to investors on Thursday. KeyCorp analyst J. Hammond now anticipates that the industrial products company will post earnings of $0.17 per share for the quarter, up from their previous forecast of $0.15. KeyCorp currently has a “Overweight” rating and a $19.00 target price on the stock. KeyCorp also issued estimates for Harsco Corporation’s FY2017 earnings at $0.65 EPS and FY2018 earnings at $0.83 EPS.
Harsco Corporation (NYSE:HSC) last issued its earnings results on Thursday, August 3rd. The industrial products company reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.05. Harsco Corporation had a negative net margin of 1.38% and a positive return on equity of 26.28%. The firm had revenue of $394.89 million for the quarter, compared to analyst estimates of $384.40 million. During the same quarter last year, the business posted $0.15 earnings per share. The company’s quarterly revenue was up 6.7% on a year-over-year basis.
HSC has been the subject of a number of other research reports. Zacks Investment Research cut shares of Harsco Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, July 5th. BidaskClub cut shares of Harsco Corporation from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 19th. Finally, Lake Street Capital reaffirmed a “buy” rating on shares of Harsco Corporation in a research note on Friday, August 4th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $17.50.
Shares of Harsco Corporation (HSC) opened at 17.30 on Monday. Harsco Corporation has a 12 month low of $8.52 and a 12 month high of $17.80. The firm has a 50-day moving average of $16.00 and a 200-day moving average of $14.27. The firm’s market cap is $1.39 billion.
In other Harsco Corporation news, SVP Scott H. Gerson sold 6,706 shares of the stock in a transaction on Thursday, May 11th. The shares were sold at an average price of $15.10, for a total transaction of $101,260.60. Following the completion of the sale, the senior vice president now owns 32,125 shares of the company’s stock, valued at approximately $485,087.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.76% of the company’s stock.
A number of large investors have recently made changes to their positions in HSC. BlackRock Inc. boosted its stake in shares of Harsco Corporation by 36,936.1% in the first quarter. BlackRock Inc. now owns 9,685,304 shares of the industrial products company’s stock valued at $123,489,000 after buying an additional 9,659,153 shares during the last quarter. Fox Run Management L.L.C. purchased a new stake in shares of Harsco Corporation during the second quarter valued at $167,000. Public Employees Retirement System of Ohio boosted its stake in shares of Harsco Corporation by 1.8% in the first quarter. Public Employees Retirement System of Ohio now owns 201,695 shares of the industrial products company’s stock valued at $2,572,000 after buying an additional 3,599 shares during the last quarter. UBS Asset Management Americas Inc. boosted its stake in shares of Harsco Corporation by 12.8% in the first quarter. UBS Asset Management Americas Inc. now owns 42,286 shares of the industrial products company’s stock valued at $539,000 after buying an additional 4,806 shares during the last quarter. Finally, Martingale Asset Management L P purchased a new stake in shares of Harsco Corporation during the first quarter valued at $1,460,000. 82.90% of the stock is owned by institutional investors and hedge funds.
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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