Harsco Corporation (NYSE:HSC) – Equities researchers at KeyCorp upped their Q3 2017 earnings estimates for shares of Harsco Corporation in a research note issued on Thursday. KeyCorp analyst J. Hammond now expects that the industrial products company will post earnings of $0.17 per share for the quarter, up from their previous estimate of $0.15. KeyCorp has a “Overweight” rating and a $19.00 price objective on the stock. KeyCorp also issued estimates for Harsco Corporation’s FY2017 earnings at $0.65 EPS and FY2018 earnings at $0.83 EPS.

Other equities analysts have also issued reports about the company. Zacks Investment Research raised Harsco Corporation from a “hold” rating to a “buy” rating and set a $17.00 price target on the stock in a research report on Tuesday, May 16th. BidaskClub lowered Harsco Corporation from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. Finally, Lake Street Capital reissued a “buy” rating on shares of Harsco Corporation in a research report on Friday. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $17.00.

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Shares of Harsco Corporation (NYSE:HSC) opened at 16.75 on Monday. The firm’s market cap is $1.34 billion. The company has a 50-day moving average of $16.05 and a 200 day moving average of $14.22. Harsco Corporation has a one year low of $8.52 and a one year high of $17.08.

Harsco Corporation (NYSE:HSC) last issued its earnings results on Thursday, August 3rd. The industrial products company reported $0.22 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.17 by $0.05. The firm had revenue of $394.89 million for the quarter, compared to analysts’ expectations 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 revenue was up 6.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.15 earnings per share.

In related news, SVP Scott H. Gerson sold 6,706 shares of the business’s 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 transaction, 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.76% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the company. Federated Investors Inc. PA raised its position in Harsco Corporation by 1.7% in the second quarter. Federated Investors Inc. PA now owns 7,678 shares of the industrial products company’s stock valued at $124,000 after buying an additional 132 shares during the period. US Bancorp DE raised its position in Harsco Corporation by 0.5% in the second quarter. US Bancorp DE now owns 33,305 shares of the industrial products company’s stock valued at $536,000 after buying an additional 157 shares during the period. Parkwood LLC raised its position in Harsco Corporation by 1.0% in the first quarter. Parkwood LLC now owns 15,819 shares of the industrial products company’s stock valued at $202,000 after buying an additional 159 shares during the period. State of Alaska Department of Revenue raised its position in Harsco Corporation by 2.0% in the first quarter. State of Alaska Department of Revenue now owns 8,850 shares of the industrial products company’s stock valued at $112,000 after buying an additional 170 shares during the period. Finally, Municipal Employees Retirement System of Michigan raised its position in Harsco Corporation by 1.6% in the first quarter. Municipal Employees Retirement System of Michigan now owns 18,320 shares of the industrial products company’s stock valued at $234,000 after buying an additional 290 shares during the period. 82.55% of the stock is currently owned by hedge funds and other institutional investors.

Harsco Corporation Company Profile

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.

Earnings History and Estimates for Harsco Corporation (NYSE:HSC)

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