The stock of General Cable Corporation (NYSE:BGC) is a huge mover today! The stock decreased 9.40% or $1 during the last trading session, hitting $9.64. About 624,249 shares traded hands. General Cable Corporation (NYSE:BGC) has declined 40.20% since August 10, 2015 and is downtrending. It has underperformed by 36.00% the S&P500. The move comes after 5 months negative chart setup for the $482.76 million company. It was reported on Mar, 16 by Barchart.com. We have $8.58 PT which if reached, will make NYSE:BGC worth $53.10M less.
Analysts await General Cable Corporation (NYSE:BGC) to reports earnings on May, 4. They expect $0.04 earnings per share, down 88.57% or $0.31 from last year’s $0.35 per share. BGC’s profit will be $2.00M for 60.25 P/E if the $0.04 EPS becomes reality. After $0.05 actual earnings per share reported by General Cable Corporation for the previous quarter, Wall Street now forecasts -20.00% negative EPS growth.
According to Zacks Investment Research, “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.”
The institutional sentiment increased to 1.12 in 2015 Q3. Its up 0.03, from 1.09 in 2015Q2. The ratio is positive, as 25 funds sold all General Cable Corporation shares owned while 50 reduced positions. 18 funds bought stakes while 66 increased positions. They now own 51.57 million shares or 23.54% more from 41.74 million shares in 2015Q2.
Towle & Co holds 2.35% of its portfolio in General Cable Corporation for 867,365 shares. American Financial Group Inc owns 1.92 million shares or 1.65% of their US portfolio. Moreover, Ecofin Ltd has 1.37% invested in the company for 600,415 shares. The Missouri-based First Heartland Consultants Inc. has invested 0.29% in the stock. Tfs Capital Llc, a Pennsylvania-based fund reported 231,545 shares.
General Cable Corporation - Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings with MarketBeat.com’s FREE daily email newsletter.
