General Cable Corp. (BGC) Reaches New 1-Year High at $16.46
General Cable Corp. (NYSE:BGC) shares reached a new 52-week high 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.
BGC has been the topic of several analyst reports. Zacks Investment Research cut shares of General Cable Corp. from a “hold” rating to a “sell” rating in a report on Tuesday, August 9th. TheStreet upgraded shares of General Cable Corp. from a “sell” rating to a “hold” rating in a report on Monday, August 29th.
The company’s market cap is $806.35 million. The firm’s 50-day moving average price is $15.13 and its 200-day moving average price is $13.19.
General Cable Corp. (NYSE:BGC) last posted its earnings results on Wednesday, August 3rd. The company reported $0.30 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by $0.01. The firm had revenue of $990 million for the quarter, compared to analysts’ expectations of $991.77 million. The company’s revenue for the quarter was down 11.1% on a year-over-year basis. During the same period last year, the company posted $0.36 earnings per share. On average, equities analysts anticipate that General Cable Corp. will post $0.89 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Friday, September 9th will be given a $0.18 dividend. The ex-dividend date is Wednesday, September 7th. This represents a $0.72 annualized dividend and a dividend yield of 4.40%.
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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