General Cable Co. (BGC) Issues Q4 Earnings Guidance
General Cable Co. (BGC) issued an update on its fourth quarter earnings guidance on Monday morning. The company provided EPS guidance of $0.40-0.50 for the period.
Shares of General Cable Co. (BGC) remained flat at $29.61 during during mid-day trading trading on Monday. General Cable Co. (BGC) has a 52 week low of $21.42 and a 52 week high of $34.89. The company has a market cap of $1.474 billion and a P/E ratio of 27.88.
General Cable last announced its earnings results on Monday, October 29th. The company reported $0.60 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.66 by $0.06. The company’s quarterly revenue was down 1.0% on a year-over-year basis. On average, analysts predict that General Cable Co. (BGC) will post $2.43 earnings per share for the current fiscal year.
Several analysts have also recently commented on the stock. Analysts at KeyBanc raised their EPS on shares of General Cable in a research note to investors on Monday, October 1st. They now have a buy rating and a $37.00 price target on the stock. Analysts at Stifel Nicolaus raised their price target on shares of General Cable to $42.00 in a research note to investors on Wednesday, September 5th.
General Cable Corporation is engaged in developing, designing, manufacturing, marketing, distributing and installing copper, aluminum and fiber optic wire and cable products.
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