Sell: Harsco Corporation (HSC)
From Upside
Updated from Wall Street’s Best Investments 818, June 12, 2019
Harsco Corporation (HSC) is being dropped to Sell after posting middling June-quarter results and weak guidance. Adjusted per-share earnings were $0.37, up 3%. Revenue also rose 3%. Hurt by lower global steel production and project delays, Harsco now projects full-year earnings per share of $1.38 to $1.51, compared to a prior view of $1.44 to $1.61. The company earned $1.40 last year.
Richard J. Moroney, CFA, Upside, www.upsidestocks.com, 800-233-5922, August 2, 2019