Houston Wire & Cable Company (NASDAQ:HWCC) Scheduled to Post Quarterly Earnings on Wednesday
Houston Wire & Cable Company (NASDAQ:HWCC) will be announcing its earnings results before the market opens on Wednesday, August 9th.
Houston Wire & Cable (NASDAQ:HWCC) last posted its earnings results on Wednesday, May 10th. The industrial products company reported ($0.03) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.01) by $0.02. The company had revenue of $78.71 million for the quarter, compared to analysts’ expectations of $70.14 million. Houston Wire & Cable had a negative net margin of 2.28% and a negative return on equity of 4.09%. The firm’s quarterly revenue was up 21.6% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.01) EPS. On average, analysts expect Houston Wire & Cable to post $-0.01 EPS for the current fiscal year and $0.12 EPS for the next fiscal year.
Houston Wire & Cable Company (NASDAQ HWCC) opened at 5.75 on Tuesday. The stock’s market cap is $94.86 million. The firm’s 50-day moving average price is $5.81 and its 200-day moving average price is $6.44. Houston Wire & Cable Company has a 12-month low of $5.05 and a 12-month high of $8.05.
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Several research analysts have recently commented on the company. Raymond James Financial, Inc. raised Houston Wire & Cable from a “market perform” rating to a “buy” rating and set a $8.00 price objective on the stock in a research note on Wednesday, April 19th. UBS AG raised Houston Wire & Cable from a “market perform” rating to an “outperform” rating in a research note on Wednesday, April 19th. ValuEngine downgraded Houston Wire & Cable from a “hold” rating to a “sell” rating in a research note on Wednesday, June 28th. Finally, Zacks Investment Research raised Houston Wire & Cable from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. One analyst has rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $7.50.
About Houston Wire & Cable
Houston Wire & Cable Company is a holding company. The Company is engaged in provision of electrical and mechanical wire and cable, hardware and related services. It operates through sales of wire and cable, hardware and related services segment in the United States market. Its cable management program includes purchasing and storing inventory for product availability.
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