General Cable Corp. (BGC) Hits New 12-Month High at $16.46
General Cable Corp. (NYSE:BGC)’s share price reached a new 52-week high during trading on Friday . The stock traded as high as $16.46 and last traded at $16.27, with a volume of 135,785 shares traded. The stock had previously closed at $16.11.
Several research firms recently commented on BGC. Zacks Investment Research downgraded General Cable Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday, July 5th. TheStreet upgraded General Cable Corp. from a “sell” rating to a “hold” rating in a research report on Monday.
The company has a 50-day moving average of $15.08 and a 200-day moving average of $13.16. The company’s market capitalization is $802.41 million.
General Cable Corp. (NYSE:BGC) last announced its quarterly earnings results on Wednesday, August 3rd. The company reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by $0.01. During the same quarter in the previous year, the business posted $0.36 earnings per share. The business earned $990 million during the quarter, compared to analysts’ expectations of $991.77 million. The firm’s revenue was down 11.1% on a year-over-year basis. Analysts forecast that General Cable Corp. will post $0.89 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Friday, September 9th will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 4.47%. The ex-dividend date of this dividend is Wednesday, September 7th.
General Cable Corporation is engaged in the development, design, manufacture, marketing and distribution of copper, aluminum and fiber optic wire and cable products for use in the energy, industrial, construction, specialty and communications markets. The Company operates through four segments: North America, Europe, Latin America, and Africa/Asia Pacific.
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