Earnings Estimate Forecast on General Cable Corporation(BGC)

General Cable Corporation(BGC): For the most recent quarter end, General Cable Corporation reported Annual Earnings of $0.05. Based on the filings, last years Annual Earnings was, $1.27. For the most recent quarter end, BGC reported a surprise Earnings per Share of -61.54% . The consensus estimate for current quarter is $0.13

General Cable Corporation has received $0.13 as the consensus Earnings Estimate for the Quarter ending on Mar 2017 ,According to the estimate provided by 1 Financial Advisor in the Stock Trading Firms. The EPS growth rate is projected at -34.21%. General Cable Corporation results fell short with a surprise EPS of -61.54% or $-0.08. The Actual EPS was $0.05 compared to the Estimated EPS of $0.13 during its most recent quarterly earnings.

General Cable Corporation has a Price to Earnings ratio of 26.97 for the trailing twelve month period. The price to book ratio of the company for the most recent quarter is 4.8. For the Most Recent Fiscal Year, General Cable Corporation has a price to cash ratio of 10.21. For the Trailing twelve month period, company showed a Net Profit Margin of -2.47% and Return on Equity of the stock is 25.38%.

General Cable Corporation last declared its Dividend on Dec 07, 2016.

General Cable Corporation Last issued its quarterly earnings results on Nov 2, 2016. The company reported $0.07 EPS for the quarter, missing the analyst consensus estimate by $ -0.19. Analyst had a consensus of $0.26. The company had revenue of $924.50 million for the quarter, compared to analysts expectations of $931.65 million. The companys revenue was down -15.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.26 EPS.

Company has reported several Insider transactions to the SEC, on Jun 20, 2016, Gregory E Lawton (director) purchased 900 shares at 14.00 per share price.On Jun 1, 2016, John E Iii Welsh (director) purchased 100 shares at 13.86 per share price.On Apr 8, 2015, Gregory J. Lampert (EVP, Pres. & CEO, Americas) sold 4,984 shares at 17.61 per share price.

General Cable Corporation (NYSE:BGC) witnessed a decline in the market cap on Wednesday as its shares dropped 0.61% or 0.1 points. After the session commenced at $16.3, the stock reached the higher end at $16.6 while it hit a low of $16.15. With the volume soaring to 772,260 shares, the last trade was called at $16.35. The company has a 52-week high of $20.8. The company has a market cap of $808 million and there are 49,390,850 shares in outstanding. The 52-week low of the share price is $7.59.

General Cable Corp. is a leader in the development, design, manufacture, marketing and distribution of copper, aluminum and fiber optic wire and cable products for the communications, energy and electrical markets. The company sells its products primarily to commercial, industrial, utility, telecommunications, original equipment manufacturers, military/government, retail, electrical, and communications distributor customers worldwide.

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