General Cable (BGC) Scheduled to Post Quarterly Earnings on Thursday
General Cable (NYSE:BGC) is scheduled to announce its Q2 earnings results on Thursday, July 31st. Investors interested in participating in the company’s conference call can do so using this link.
Shares of General Cable (NYSE:BGC) traded down 0.45% on Wednesday, hitting $24.32. 46,447 shares of the company’s stock traded hands. General Cable has a 1-year low of $22.76 and a 1-year high of $34.61. The stock has a 50-day moving average of $25.1 and a 200-day moving average of $26.61. The company’s market cap is $1.183 billion.
The company also recently announced a quarterly dividend, which is scheduled for Friday, September 5th. Stockholders of record on Monday, August 18th will be paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 2.95%. The ex-dividend date is Thursday, August 14th.
Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of General Cable from an “underperform” rating to a “neutral” rating in a research note on Tuesday, July 8th. They now have a $26.40 price target on the stock. On a related note, analysts at TheStreet downgraded shares of General Cable from a “hold” rating to a “sell” rating in a research note on Friday, May 2nd. Finally, analysts at Davidson cut their price target on shares of General Cable from $26.00 to $24.00 in a research note on Friday, May 2nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $28.08.
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.
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