Harsco Corporation (HSC) Expected to Post Q1 2019 Earnings of $0.21 Per Share
Harsco Corporation (NYSE:HSC) – Stock analysts at Lake Street Capital issued their Q1 2019 earnings per share estimates for shares of Harsco Corporation in a report issued on Friday. Lake Street Capital analyst R. Brown expects that the industrial products company will earn $0.21 per share for the quarter. Lake Street Capital currently has a “Buy” rating on the stock. Lake Street Capital also issued estimates for Harsco Corporation’s Q2 2019 earnings at $0.27 EPS.
Harsco Corporation (NYSE:HSC) last released its earnings results on Thursday, August 3rd. The industrial products company reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.05. The business had revenue of $394.89 million for the quarter, compared to the consensus estimate of $384.40 million. Harsco Corporation had a negative net margin of 1.38% and a positive return on equity of 26.28%. The firm’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same period last year, the firm posted $0.15 earnings per share.
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A number of other analysts also recently weighed in on HSC. Zacks Investment Research upgraded shares of Harsco Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, April 27th. BidaskClub upgraded shares of Harsco Corporation from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, June 13th. Finally, KeyCorp reiterated an “overweight” rating and issued a $19.00 price target (up from $17.50) on shares of Harsco Corporation in a research report on Monday, June 26th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $17.00.
Harsco Corporation (NYSE HSC) opened at 16.825 on Monday. Harsco Corporation has a 52-week low of $8.52 and a 52-week high of $17.08. The stock has a 50 day moving average of $16.05 and a 200 day moving average of $14.22. The stock’s market capitalization is $1.35 billion.
Hedge funds have recently bought and sold shares of the company. FMR LLC acquired a new stake in Harsco Corporation during the fourth quarter worth about $3,049,000. Norges Bank acquired a new stake in Harsco Corporation during the fourth quarter worth about $6,546,000. Teachers Advisors LLC boosted its stake in Harsco Corporation by 45.3% in the fourth quarter. Teachers Advisors LLC now owns 235,570 shares of the industrial products company’s stock worth $3,204,000 after buying an additional 73,417 shares during the last quarter. Louisiana State Employees Retirement System boosted its stake in Harsco Corporation by 1.6% in the first quarter. Louisiana State Employees Retirement System now owns 32,700 shares of the industrial products company’s stock worth $417,000 after buying an additional 500 shares during the last quarter. Finally, Boston Advisors LLC boosted its stake in Harsco Corporation by 6.8% in the first quarter. Boston Advisors LLC now owns 518,600 shares of the industrial products company’s stock worth $6,612,000 after buying an additional 33,160 shares during the last quarter. 82.90% of the stock is owned by institutional investors and hedge funds.
In related news, SVP Scott H. Gerson sold 6,706 shares of the stock in a transaction that occurred on Thursday, May 11th. The stock was 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 directly owns 32,125 shares of the company’s stock, valued at approximately $485,087.50. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.76% of the stock is currently owned by corporate insiders.
About Harsco Corporation
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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