Harsco Stock Rating Lowered by Zacks (HSC)
Harsco (NYSE:HSC) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a research note issued on Tuesday. They currently have a $23.20 target price on the stock. Zacks‘s price target would indicate a potential downside of 5.11% from the stock’s previous close.
Separately, analysts at Jefferies Group cut their price target on shares of Harsco from $25.00 to $23.00 in a research note on Friday. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $26.55.
Shares of Harsco (NYSE:HSC) traded down 1.02% on Tuesday, hitting $24.20. The stock had a trading volume of 259,083 shares. Harsco has a 1-year low of $19.26 and a 1-year high of $28.99. The stock’s 50-day moving average is $26.14 and its 200-day moving average is $25.03. The company’s market cap is $1.956 billion.
Harsco (NYSE:HSC) last released its earnings data on Thursday, August 7th. The company reported $0.41 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.30 earnings per share. The company’s revenue for the quarter was down 29.6% on a year-over-year basis. Analysts expect that Harsco will post $0.96 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Saturday, November 15th. Investors of record on Wednesday, October 15th will be paid a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a dividend yield of 3.35%. The ex-dividend date is Friday, October 10th.
Harsco Corporation is a diversified, multinational provider of industrial services and engineered products serving global industries.
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