Jefferies Group Lowers Harsco Price Target to $23.00 (HSC)
Analysts at Jefferies Group lowered their price target on shares of Harsco (NYSE:HSC) from $25.00 to $23.00 in a research report issued to clients and investors on Friday. Jefferies Group’s price target suggests a potential downside of 4.21% from the stock’s previous close.
Harsco (NYSE:HSC) opened at 24.01 on Friday. Harsco has a one year low of $19.26 and a one year high of $28.99. The stock’s 50-day moving average is $26.25 and its 200-day moving average is $25.06. The company’s market cap is $1.939 billion.
Harsco (NYSE:HSC) last announced its earnings results on Thursday, August 7th. The company reported $0.41 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.24 by $0.17. The company had revenue of $535.00 million for the quarter, compared to the consensus estimate of $525.45 million. During the same quarter in the prior year, the company posted $0.30 earnings per share. The company’s quarterly revenue was down 29.6% on a year-over-year basis. On average, analysts predict that Harsco will post $1.02 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Saturday, November 15th. Stockholders of record on Wednesday, October 15th will be given a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a yield of 3.42%. The ex-dividend date of this dividend is Friday, October 10th.
Harsco Corporation is a diversified, multinational provider of industrial services and engineered products serving global industries.
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