Q3 2017 EPS Estimates for Harsco Corporation (HSC) Raised by Analyst
Harsco Corporation (NYSE:HSC) – Stock analysts at Jefferies Group boosted their Q3 2017 earnings per share (EPS) estimates for Harsco Corporation in a research note issued to investors on Thursday. Jefferies Group analyst B. Bohra now anticipates that the industrial products company will post earnings per share of $0.16 for the quarter, up from their prior estimate of $0.15. Jefferies Group also issued estimates for Harsco Corporation’s Q4 2017 earnings at $0.15 EPS, FY2017 earnings at $0.64 EPS and FY2018 earnings at $0.72 EPS.
HSC has been the topic of a number of other reports. KeyCorp reiterated an “overweight” rating and set a $19.00 price target (up from $17.50) on shares of Harsco Corporation in a report on Monday, June 26th. Zacks Investment Research lowered Harsco Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, July 5th. BidaskClub upgraded Harsco Corporation from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, June 13th. Finally, Lake Street Capital restated a “buy” rating on shares of Harsco Corporation in a research note on Friday. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Harsco Corporation has a consensus rating of “Buy” and a consensus price target of $17.00.
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Harsco Corporation (HSC) opened at 16.75 on Monday. The firm’s market capitalization is $1.34 billion. Harsco Corporation has a one year low of $8.52 and a one year high of $17.08. The firm has a 50-day moving average price of $16.05 and a 200-day moving average price of $14.22.
Harsco Corporation (NYSE:HSC) last issued its quarterly earnings data on Thursday, August 3rd. The industrial products company reported $0.22 EPS for the quarter, beating analysts’ consensus estimates of $0.17 by $0.05. Harsco Corporation had a positive return on equity of 26.28% and a negative net margin of 1.38%. The firm had revenue of $394.89 million for the quarter, compared to analyst estimates of $384.40 million. During the same period in the prior year, the firm posted $0.15 EPS. The company’s revenue for the quarter was up 6.7% on a year-over-year basis.
In other Harsco Corporation news, SVP Scott H. Gerson sold 6,706 shares of the business’s stock in a transaction on Thursday, May 11th. The stock was sold at an average price of $15.10, for a total value of $101,260.60. Following the sale, the senior vice president now directly owns 32,125 shares in the company, valued at $485,087.50. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.76% of the company’s stock.
Several hedge funds have recently modified their holdings of HSC. BlackRock Inc. raised its stake in shares of Harsco Corporation by 36,936.1% in the first quarter. BlackRock Inc. now owns 9,685,304 shares of the industrial products company’s stock valued at $123,489,000 after buying an additional 9,659,153 shares during the last quarter. Fox Run Management L.L.C. purchased a new stake in shares of Harsco Corporation during the second quarter valued at about $167,000. UBS Asset Management Americas Inc. raised its stake in shares of Harsco Corporation by 12.8% in the first quarter. UBS Asset Management Americas Inc. now owns 42,286 shares of the industrial products company’s stock valued at $539,000 after buying an additional 4,806 shares during the last quarter. Martingale Asset Management L P purchased a new stake in shares of Harsco Corporation during the first quarter valued at about $1,460,000. Finally, Aureus Asset Management LLC raised its stake in shares of Harsco Corporation by 2.1% in the first quarter. Aureus Asset Management LLC now owns 577,130 shares of the industrial products company’s stock valued at $8,772,000 after buying an additional 11,920 shares during the last quarter. Hedge funds and other institutional investors own 82.55% of the company’s stock.
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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