News articles about Harsco (NYSE:HSC) have been trending somewhat positive recently, according to Accern. The research firm scores the sentiment of news coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Harsco earned a news sentiment score of 0.20 on Accern’s scale. Accern also assigned news headlines about the industrial products company an impact score of 47.7087880494501 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the headlines that may have impacted Accern Sentiment’s rankings:
HSC stock traded down $0.65 during trading on Friday, hitting $20.60. The stock had a trading volume of 794,551 shares, compared to its average volume of 658,970. Harsco has a 1-year low of $11.40 and a 1-year high of $23.20. The company has a market capitalization of $1,709.65, a price-to-earnings ratio of 27.84 and a beta of 2.63. The company has a current ratio of 1.25, a quick ratio of 0.87 and a debt-to-equity ratio of 2.63.
Harsco (NYSE:HSC) last announced its earnings results on Thursday, February 22nd. The industrial products company reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.06. The firm had revenue of $455.00 million during the quarter, compared to the consensus estimate of $432.50 million. Harsco had a net margin of 0.49% and a return on equity of 30.82%. The firm’s revenue for the quarter was up 26.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.16 EPS. research analysts predict that Harsco will post 1.1 earnings per share for the current year.
A number of equities analysts have recently issued reports on HSC shares. Zacks Investment Research upgraded shares of Harsco from a “hold” rating to a “strong-buy” rating and set a $22.00 price objective on the stock in a research report on Tuesday, January 23rd. Lake Street Capital reissued a “buy” rating and issued a $30.00 target price (up previously from $26.00) on shares of Harsco in a report on Friday, February 23rd. KeyCorp reissued a “buy” rating and issued a $25.00 target price (up previously from $23.00) on shares of Harsco in a report on Tuesday, February 27th. Alembic Global Advisors reaffirmed a “buy” rating on shares of Harsco in a research note on Friday, February 23rd. Finally, Argus lifted their price target on Harsco to $24.00 and gave the stock a “buy” rating in a research note on Thursday, January 11th. One research analyst has rated the stock with a sell rating, one has given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Harsco currently has an average rating of “Buy” and an average target price of $24.00.
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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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