Harsco (NYSE:HSC) Releases Q1 Earnings Guidance

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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.

HSC traded down $0.76 during mid-day trading on Monday, reaching $14.34. 255,434 shares of the company traded hands, compared to its average volume of 1,070,513. The stock has a market capitalization of $1.19 billion, a P/E ratio of 2.30 and a beta of 2.27. 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 company’s fifty day moving average price is $17.43 and its 200-day moving average price is $19.48. Harsco has a 52-week low of $13.15 and a 52-week high of $27.97.

A number of equities research analysts have weighed in on HSC shares. KeyCorp decreased their target price on shares of Harsco from $30.00 to $24.00 and set an overweight rating for the company in a research note on Friday, January 24th. TheStreet downgraded shares of Harsco from a b- rating to a c+ rating in a research report on Thursday, February 6th. Barrington Research reissued a buy rating and set a $25.00 price objective on shares of Harsco in a research report on Monday, February 10th. Lake Street Capital cut their price objective on shares of Harsco from $36.00 to $31.00 and set a buy rating for the company in a research report on Friday, January 24th. Finally, Zacks Investment Research downgraded shares of Harsco from a hold rating to a sell rating in a research report on Thursday, January 16th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of Buy and a consensus target price of $25.00.

Harsco Company Profile

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.

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