Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Harsco (HSC) Stock Price
Media stories about Harsco (NYSE:HSC) have been trending somewhat positive on Sunday, according to Accern. The research group identifies negative and positive news coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Harsco earned a media sentiment score of 0.22 on Accern’s scale. Accern also assigned press coverage about the industrial products company an impact score of 45.2936371518378 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the news stories that may have impacted Accern Sentiment’s rankings:
- Global Steel Grating Market 2018-2023 Forecast and Outlook: NJMM, Yantai Xinke, Harsco (IKG), AMICO, Nucor and … (trueindustrynews.com)
- Global Tamping Machine Market 2018-2023 Share and Outlook: Robel, Gemac Engineering Machinery Co, Spitzke … (satprnews.com)
- Global Hydraulic Tamping Machines Market Share 2018 – 2025: Robel (DE), Harsco Rail Corporation (US), China … (sectorhealthcare.com)
- Global Track Geometry Measurement Systems Market 2018 Opportunities- Harsco Rail, Trimble Railway, Amberg … (truthfulobserver.com)
- Harsco Completes Successful Debt Repricing and Increases Revolving Credit Facility (finance.yahoo.com)
HSC has been the topic of several analyst reports. KeyCorp lifted their price target on shares of Harsco from $25.00 to $27.00 and gave the company an “overweight” rating in a report on Thursday, May 3rd. ValuEngine raised shares of Harsco from a “hold” rating to a “buy” rating in a report on Wednesday, May 2nd. Zacks Investment Research downgraded shares of Harsco from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 25th. Finally, TheStreet raised shares of Harsco from a “c” rating to a “b-” rating in a report on Thursday, May 3rd. One equities research analyst has rated the stock with a sell rating, six have issued a buy rating and one has assigned a strong buy rating to the company. Harsco presently has an average rating of “Buy” and a consensus price target of $25.20.
Harsco (NYSE:HSC) last released its earnings results on Wednesday, May 2nd. The industrial products company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.19 by $0.03. Harsco had a net margin of 1.02% and a return on equity of 32.22%. The firm had revenue of $408.04 million for the quarter, compared to the consensus estimate of $390.75 million. During the same quarter in the previous year, the firm earned $0.11 earnings per share. The company’s quarterly revenue was up 9.5% compared to the same quarter last year. research analysts predict that Harsco will post 1.2 EPS for the current fiscal year.
Harsco declared that its board has approved a stock repurchase program on Wednesday, May 2nd that authorizes the company to repurchase $75.00 million in outstanding shares. This repurchase authorization authorizes the industrial products company to buy up to 4.6% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s board believes its shares are undervalued.
In related news, SVP Scott H. Gerson sold 7,519 shares of the business’s stock in a transaction on Thursday, May 31st. The shares were sold at an average price of $24.23, for a total value of $182,185.37. Following the sale, the senior vice president now owns 22,713 shares in the company, valued at $550,335.99. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Scott H. Gerson sold 13,784 shares of the business’s stock in a transaction on Tuesday, May 8th. The stock was sold at an average price of $21.85, for a total transaction of $301,180.40. Following the completion of the sale, the senior vice president now owns 56,497 shares in the company, valued at approximately $1,234,459.45. The disclosure for this sale can be found here. Insiders sold 30,288 shares of company stock worth $681,755 in the last three months. Insiders own 1.04% of the company’s stock.
Harsco Corporation provides industrial services and engineered products worldwide. The company operates in three segments: Harsco Metals & Minerals, Harsco Industrial, and Harsco Rail. The Harsco Metals & Minerals segment provides on-site services of material logistics, product quality improvement, and resource recovery for iron, steel, and metals manufacturing; and value added environmental solutions for industrial co-products, as well as produces industrial abrasives and roofing granules.
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