Harsco Corp. (NYSE:HSC) – Equities research analysts at Jefferies Group increased their Q1 2017 earnings estimates for Harsco Corp. in a research note issued on Friday. Jefferies Group analyst B. Bohra now forecasts that the firm will post earnings per share of $0.09 for the quarter, up from their previous estimate of $0.08. Jefferies Group currently has a “Buy” rating and a $12.00 price objective on the stock. Jefferies Group also issued estimates for Harsco Corp.’s Q2 2017 earnings at $0.15 EPS and FY2017 earnings at $0.55 EPS.
Several other research analysts have also issued reports on the stock. Zacks Investment Research lowered shares of Harsco Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday, September 13th. Lake Street Capital initiated coverage on shares of Harsco Corp. in a research report on Tuesday, September 13th. They issued a “buy” rating and a $17.00 price target for the company.
Shares of Harsco Corp. (NYSE:HSC) opened at 10.12 on Monday. The firm’s market capitalization is $811.36 million. Harsco Corp. has a 52-week low of $3.55 and a 52-week high of $12.54. The firm has a 50-day moving average price of $9.75 and a 200-day moving average price of $7.90.
Harsco Corp. (NYSE:HSC) last released its earnings results on Thursday, August 4th. The company reported $0.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.05. The firm earned $370 million during the quarter, compared to the consensus estimate of $377.30 million. Harsco Corp. had a positive return on equity of 12.38% and a negative net margin of 3.42%. The firm’s revenue for the quarter was down 18.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.08 earnings per share.
Several hedge funds have recently bought and sold shares of the company. Los Angeles Capital Management & Equity Research Inc. raised its stake in Harsco Corp. by 221.4% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 252,930 shares of the company’s stock valued at $1,378,000 after buying an additional 174,230 shares during the last quarter. Ngam Advisors L.P. raised its stake in Harsco Corp. by 23.8% in the first quarter. Ngam Advisors L.P. now owns 40,372 shares of the company’s stock valued at $220,000 after buying an additional 7,765 shares during the last quarter. Prudential Financial Inc. raised its stake in Harsco Corp. by 15.1% in the first quarter. Prudential Financial Inc. now owns 423,552 shares of the company’s stock valued at $2,308,000 after buying an additional 55,700 shares during the last quarter. BlackRock Fund Advisors raised its stake in Harsco Corp. by 0.4% in the first quarter. BlackRock Fund Advisors now owns 5,042,950 shares of the company’s stock valued at $27,484,000 after buying an additional 18,202 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in Harsco Corp. by 13,955,200.0% in the first quarter. JPMorgan Chase & Co. now owns 558,212 shares of the company’s stock valued at $3,042,000 after buying an additional 558,208 shares during the last quarter. 80.64% of the stock is owned by institutional investors.
About Harsco Corp.
Harsco Corporation is a provider of industrial services and engineered products serving global industries. The Company operates in three segments: Harsco Metals & Minerals, Harsco Industrial and Harsco Rail. Its Harsco Metals & Minerals segment is a provider of on-site, outsourced services to the metals industries across the world.
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