BGC Partners (BGCP) to Release Quarterly Earnings on Thursday
BGC Partners (NASDAQ:BGCP) is scheduled to issue its Q313 quarterly earnings data on Thursday, October 31st. Analysts expect the company to announce earnings of $0.12 per share and revenue of $426.00 million for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.
BGC Partners (NASDAQ:BGCP) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.18 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.13 by $0.05. The company had revenue of $471.10 million for the quarter, compared to the consensus estimate of $460.92 million. During the same quarter last year, the company posted $0.17 earnings per share. BGC Partners’s revenue was up 1.3% compared to the same quarter last year. On average, analysts expect BGC Partners to post $0.47 EPS for the current fiscal year and $0.60 EPS for the next fiscal year.
BGC Partners (NASDAQ:BGCP) opened at 5.33 on Wednesday. BGC Partners has a 52-week low of $3.11 and a 52-week high of $6.53. The stock’s 50-day moving average is $5.87 and its 200-day moving average is $5.57. The company has a market cap of $916.1 million and a price-to-earnings ratio of 15.78.
On the ratings front, analysts at Keefe, Bruyette & Woods cut their price target on shares of BGC Partners from $7.00 to $6.50 in a research note to investors on Wednesday, October 9th. They now have a “market perform” rating on the stock.
BGC Partners, Inc (NASDAQ:BGCP) is a global brokerage company primarily servicing the wholesale financial markets, specializing in the brokering of a range of products, including fixed income securities, interest rate swaps, foreign exchange, equities, equity derivatives, credit derivatives, commercial real estate, property derivatives, commodities, futures and structured products.
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