For its fourth fiscal quarter (ending December 31), Harsco Corp (NYSE: HSC) has reported E.P.S. of $-0.17 compared to $-0.30 a year ago. This performance was $-0.10 short of the consensus estimate of $-0.07. E.P.S. were $-0.57 for the latest four quarters through December 31 versus $-1.73 for the same period a year ago.
Recent Price Action
On 2/29/24, Harsco Corp (NYSE: HSC) stock declined modestly by -1.5%, closing at $7.86. Moreover, this decline was accompanied by unusually high trading volume at 158% of normal. Relative to the market the stock has been weak over the last nine months but is unchanged during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be in line with the cost of capital, HSC is expected to continue to be Value Creation neutral.
Harsco has a current Value Trend Rating of C (Low Neutral). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Harsco has a neutral Appreciation Score of 51 and a neutral Power Rating of 41, and the Low Neutral Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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