Harsco (NYSE:HSC – Get Rating) updated its FY 2022 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of -$0.13-0 for the period, compared to the consensus estimate of $0.10. The company issued revenue guidance of -. Harsco also updated its FY22 guidance to ($0.13)-0.00 EPS.
Analyst Ratings Changes
A number of brokerages recently commented on HSC. BMO Capital Markets began coverage on Harsco in a report on Tuesday, July 12th. They set a market perform rating on the stock. Barrington Research lowered their target price on Harsco from $20.00 to $13.00 and set an outperform rating on the stock in a research note on Monday, July 18th. TheStreet lowered Harsco from a c- rating to a d rating in a research note on Friday, May 13th. Finally, DA Davidson lowered their target price on Harsco from $16.00 to $13.00 and set a buy rating on the stock in a research note on Wednesday, July 20th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Harsco currently has an average rating of Hold and a consensus price target of $13.00.
Harsco Trading Up 9.0 %
HSC stock traded up $0.53 during trading on Friday, hitting $6.39. 1,012,334 shares of the company traded hands, compared to its average volume of 629,471. The company has a 50-day moving average of $6.69 and a 200-day moving average of $10.41. The firm has a market capitalization of $507.48 million, a PE ratio of -3.03 and a beta of 1.70. The company has a debt-to-equity ratio of 2.00, a quick ratio of 1.37 and a current ratio of 1.32. Harsco has a 1 year low of $4.36 and a 1 year high of $19.90.
Hedge Funds Weigh In On Harsco
A number of institutional investors have recently bought and sold shares of HSC. Dimensional Fund Advisors LP boosted its position in shares of Harsco by 8.7% during the first quarter. Dimensional Fund Advisors LP now owns 2,515,618 shares of the industrial products company’s stock valued at $30,791,000 after buying an additional 201,034 shares during the period. Vanguard Group Inc. boosted its position in shares of Harsco by 1.4% during the first quarter. Vanguard Group Inc. now owns 8,603,824 shares of the industrial products company’s stock valued at $105,311,000 after buying an additional 122,310 shares during the period. State Street Corp boosted its position in shares of Harsco by 3.7% during the first quarter. State Street Corp now owns 2,845,597 shares of the industrial products company’s stock valued at $34,830,000 after buying an additional 100,290 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of Harsco by 47.8% during the first quarter. Goldman Sachs Group Inc. now owns 261,240 shares of the industrial products company’s stock valued at $3,198,000 after buying an additional 84,448 shares during the period. Finally, Bank of America Corp DE boosted its position in shares of Harsco by 14.9% during the first quarter. Bank of America Corp DE now owns 630,624 shares of the industrial products company’s stock valued at $7,718,000 after buying an additional 81,942 shares during the period. 95.61% of the stock is owned by institutional investors.
Harsco Corporation provides environmental solutions for industrial and specialty waste streams worldwide. It operates through two segments, Harsco Environmental and Harsco Clean Earth. The Harsco Environmental segment offers on-site services for material logistics, product quality improvement, and resource recovery for iron, steel, and metals manufacturing; manufactures and sells industrial abrasives, roofing granules, aluminum dross, and scrap processing systems; and produces value-added downstream products from industrial waste-stream.
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