Lake Street Capital Weighs in on Harsco Corp.’s FY2016 Earnings (HSC)
Harsco Corp. (NYSE:HSC) – Stock analysts at Lake Street Capital lowered their FY2016 EPS estimates for shares of Harsco Corp. in a report issued on Friday. Lake Street Capital analyst R. Brown now forecasts that the firm will post earnings per share of $0.32 for the year, down from their prior estimate of $0.34. Lake Street Capital currently has a “Buy” rating and a $17.00 target price on the stock. Lake Street Capital also issued estimates for Harsco Corp.’s Q4 2016 earnings at $0.07 EPS, Q1 2017 earnings at $0.07 EPS, Q2 2017 earnings at $0.09 EPS, Q3 2017 earnings at $0.11 EPS, Q4 2017 earnings at $0.14 EPS, FY2017 earnings at $0.41 EPS, Q1 2018 earnings at $0.13 EPS, Q2 2018 earnings at $0.15 EPS, FY2018 earnings at $0.67 EPS and FY2019 earnings at $0.81 EPS.
A number of other equities research analysts also recently commented on HSC. Jefferies Group restated a “buy” rating on shares of Harsco Corp. in a research report on Monday, August 1st. Zacks Investment Research cut Harsco Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, September 13th.
Shares of Harsco Corp. (NYSE:HSC) opened at 8.66 on Monday. Harsco Corp. has a 1-year low of $3.55 and a 1-year high of $12.54. The firm has a 50-day moving average price of $10.06 and a 200-day moving average price of $7.58. The stock’s market capitalization is $694.31 million.
Harsco Corp. (NYSE:HSC) last released its quarterly earnings results on Thursday, August 4th. The company reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.05. Harsco Corp. had a positive return on equity of 12.38% and a negative net margin of 3.42%. The company earned $370 million during the quarter, compared to analysts’ expectations of $377.30 million. During the same period last year, the business posted $0.08 earnings per share. The firm’s revenue was down 18.9% compared to the same quarter last year.
Large investors have recently modified their holdings of the stock. Mason Street Advisors LLC purchased a new stake in shares of Harsco Corp. during the second quarter worth $104,000. Princeton Alpha Management LP bought a new position in Harsco Corp. during the second quarter valued at approximately $132,000. AHL Partners LLP bought a new position in Harsco Corp. during the second quarter valued at approximately $139,000. KCG Holdings Inc. boosted its position in Harsco Corp. by 92.0% in the second quarter. KCG Holdings Inc. now owns 24,116 shares of the company’s stock valued at $160,000 after buying an additional 11,556 shares during the last quarter. Finally, Profund Advisors LLC boosted its position in Harsco Corp. by 6.5% in the second quarter. Profund Advisors LLC now owns 26,266 shares of the company’s stock valued at $174,000 after buying an additional 1,592 shares during the last quarter. 80.64% of the stock is owned by institutional investors and hedge funds.
Harsco Corp. Company Profile
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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