Harsco Corporation (HSC) Releases Earnings Results, Beats Expectations By $0.08 EPS

Harsco Corporation (HSC) reported quarterly earnings results on Wednesday, May-4-2016. The company said it had a profit of $0.03 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.08. Analysts had a consensus of $-0.05. The company posted revenue of $353.00 million in the period, compared to analysts expectations of $347.50 million. The company’s revenue was down -21.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.20 EPS.

Harsco Corporation opened for trading at $7.12 and hit $7.21 on the upside on Monday, eventually ending the session at $7.17, with a gain of 1.13% or 0.08 points. The heightened volatility saw the trading volume jump to 5,52,247 shares. Company has a market cap of $574 M.

In a different news, on Mar 3, 2016, Peter Francis Minan (CFO) purchased 10,000 shares at $3.66 per share price. According to the SEC, on Mar 2, 2016, F Nicholas Iii Grasberger (CEO) purchased 50,000 shares at $3.86 per share price. On Dec 4, 2015, Scott H Gerson (SVP&Group Pres.Industrial) sold 3,950 shares at $9.87 per share price, according to the Form-4 filing with the securities and exchange commission.

Harsco Corporation is a provider of industrial services and engineered products serving global industries. The Company operates in three segments: Harsco Metals & Minerals Harsco Industrial and Harsco Rail. Harsco Metals & Minerals segment is a provider of on-site outsourced services to the global metals industries. Harsco Industrial segment includes the Harsco Industrial IKG Harsco Industrial Air-X-Changers and Harsco Industrial Patterson-Kelley businesses. Harsco Rail segment is a provider of equipment and services for the maintenance repair and construction of railway track. The Company’s principal lines of business include outsourced on-site services of material logistics and resource recovery for iron steel and metals manufacturing; air-cooled heat exchangers; industrial grating products; heat transfer products and railway track maintenance services and equipment.

Harsco Corporation

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