Harsco Corp (NYSE: HSC) has reported a loss for its first fiscal quarter (ending March 31) of $-0.21 versus a loss $-0.11 for the same period a year ago. Relative to the consensus estimate of $-0.01, this was a shortfall of $-0.20. For the latest four quarters through March 31, E.P.S. were $-0.67 versus $-1.74 for the same period a year ago.
Recent Price Action
Harsco Corp (NYSE: HSC) stock closed at $7.06 on 5/2/24 after a major decline of -13.2%. Moreover, exceptionally high trading volume at 220% of normal accompanied the decline. The stock has declined -11.8% during the last week but has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
HSC’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to be a modest Value Builder.
Harsco has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Harsco has a neutral Appreciation Score of 45 and a slightly positive Power Rating of 67, leading to the Neutral Value Trend Rating.
Rating Review
In light of this new information and highly negative price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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