Harsco (NYSE:HSC) issued an update on its first quarter earnings guidance on Friday morning. The company provided earnings per share (EPS) guidance of $0.01-0.04 for the period, compared to the Thomson Reuters consensus estimate of $0.17. Harsco also updated its FY 2020
Pre-Market guidance to 0.84-1.12 EPS.
Shares of HSC stock traded down $0.72 during trading hours on Monday, reaching $14.38. 10,728 shares of the stock traded hands, compared to its average volume of 1,070,513. Harsco has a 1-year low of $13.15 and a 1-year high of $27.97. The business has a fifty day moving average price of $17.43 and a 200 day moving average price of $19.48. The company has a quick ratio of 1.07, a current ratio of 1.40 and a debt-to-equity ratio of 1.03. The firm has a market capitalization of $1.19 billion, a PE ratio of 2.31 and a beta of 2.27.
Several research analysts have weighed in on HSC shares. Lake Street Capital dropped their price objective on shares of Harsco from $36.00 to $31.00 and set a buy rating on the stock in a research note on Friday, January 24th. Barrington Research reiterated a buy rating and issued a $25.00 price objective on shares of Harsco in a research note on Monday, February 10th. TheStreet lowered shares of Harsco from a b- rating to a c+ rating in a research note on Thursday, February 6th. KeyCorp dropped their price objective on shares of Harsco from $30.00 to $24.00 and set an overweight rating on the stock in a research note on Friday, January 24th. Finally, ValuEngine upgraded shares of Harsco from a sell rating to a hold rating in a research note on Wednesday, January 8th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average target price of $25.00.
Harsco Corporation provides industrial services and engineered products worldwide. The company operates in three segments: Harsco Metals & Minerals, Harsco Industrial, and Harsco Rail. The Harsco Metals & Minerals segment provides on-site services of material logistics, product quality improvement, and resource recovery for iron, steel, and metals manufacturing; and value added environmental solutions for industrial co-products, as well as produces industrial abrasives and roofing granules.
Further Reading: Growth Stocks
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