Coleman Cable Receives New Coverage from Analysts at FBR Capital Markets (CCIX)
Investment analysts at FBR Capital Markets assumed coverage on shares of Coleman Cable (NASDAQ:CCIX) in a note issued to investors on Friday, TheFlyOnTheWall.com reports. The firm set an “outperform” rating on the stock.
Separately, analysts at TheStreet downgraded shares of Coleman Cable (NASDAQ:CCIX) from a “buy” rating to a “hold” rating in a research note to investors on Wednesday, August 21st.
Coleman Cable (NASDAQ:CCIX) opened at 21.09 on Friday. Coleman Cable has a 52 week low of $8.10 and a 52 week high of $22.91. The stock’s 50-day moving average is $19.80 and its 200-day moving average is $18.10. The company has a market cap of $389.7 million and a price-to-earnings ratio of 14.95.
Coleman Cable (NASDAQ:CCIX) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.04. The company had revenue of $233.80 million for the quarter, compared to the consensus estimate of $235.30 million. During the same quarter in the previous year, the company posted $0.46 earnings per share. The company’s revenue for the quarter was up 1.1% on a year-over-year basis. Analysts expect that Coleman Cable will post $1.72 EPS for the current fiscal year.
Coleman Cable, Inc (NASDAQ:CCIX) is a designer, developer, manufacturer and supplier of electrical wire and cable products for consumer, commercial and industrial applications, with operations primarily in the United States and in Honduras and Canada.
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