Lake Street Capital reiterated their buy rating on shares of Harsco Corporation (NYSE:HSC) in a research note released on Friday. Lake Street Capital also issued estimates for Harsco Corporation’s Q1 2019 earnings at $0.21 EPS and Q2 2019 earnings at $0.27 EPS.
Other equities analysts have also recently issued research reports about the company. BidaskClub upgraded Harsco Corporation from a buy rating to a strong-buy rating in a report on Tuesday, June 13th. Zacks Investment Research cut Harsco Corporation from a buy rating to a hold rating in a report on Wednesday, July 5th. Finally, KeyCorp reiterated an overweight rating and set a $19.00 target price (up previously from $17.50) on shares of Harsco Corporation in a report on Monday, June 26th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company has an average rating of Buy and a consensus price target of $17.00.
Shares of Harsco Corporation (HSC) traded up 0.90% on Friday, reaching $16.75. The company’s stock had a trading volume of 798,956 shares. The company’s market cap is $1.34 billion. The company has a 50 day moving average price of $16.05 and a 200 day moving average price of $14.22. Harsco Corporation has a 52-week low of $8.52 and a 52-week high of $17.08.
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, topping the Thomson Reuters’ 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 positive return on equity of 26.28% and a negative net margin of 1.38%. The firm’s revenue was up 6.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.15 EPS. On average, analysts anticipate that Harsco Corporation will post $0.62 earnings per share for the current fiscal year.
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In other Harsco Corporation news, SVP Scott H. Gerson sold 6,706 shares of the stock in a transaction dated 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 transaction, the senior vice president now owns 32,125 shares in the company, valued at approximately $485,087.50. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.76% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently added to or reduced their stakes in the company. Federated Investors Inc. PA boosted 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 worth $124,000 after buying an additional 132 shares during the period. US Bancorp DE boosted 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 worth $536,000 after buying an additional 157 shares during the period. Parkwood LLC boosted 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 worth $202,000 after buying an additional 159 shares during the period. State of Alaska Department of Revenue boosted 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 worth $112,000 after buying an additional 170 shares during the period. Finally, Municipal Employees Retirement System of Michigan boosted 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 worth $234,000 after buying an additional 290 shares during the period. Hedge funds and other institutional investors own 82.55% of the company’s stock.
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.
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