Houston Wire & Cable Co. (NASDAQ:HWCC) – Stock analysts at William Blair issued their FY2016 EPS estimates for shares of Houston Wire & Cable Co. in a report issued on Monday. William Blair analyst R. Merkel anticipates that the firm will post earnings per share of ($0.08) for the year. William Blair also issued estimates for Houston Wire & Cable Co.’s Q4 2016 earnings at ($0.01) EPS and FY2017 earnings at $0.09 EPS.

Separately, Zacks Investment Research upgraded shares of Houston Wire & Cable Co. from a “strong sell” rating to a “hold” rating and set a $7.00 price target for the company in a research report on Tuesday.

Houston Wire & Cable Co. (NASDAQ:HWCC) opened at 6.10 on Wednesday. The firm’s market cap is $100.47 million. The firm’s 50-day moving average is $5.97 and its 200-day moving average is $5.99. Houston Wire & Cable Co. has a 12 month low of $4.79 and a 12 month high of $7.71.

Houston Wire & Cable Co. (NASDAQ:HWCC) last announced its earnings results on Tuesday, August 9th. The company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by $0.17. The business had revenue of $62.50 million for the quarter, compared to analyst estimates of $67.09 million. Houston Wire & Cable Co. had a positive return on equity of 0.63% and a negative net margin of 0.82%. The business’s revenue was down 19.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.09 EPS.

Several institutional investors have recently added to or reduced their stakes in the company. Ancora Advisors LLC raised its position in Houston Wire & Cable Co. by 14.6% in the second quarter. Ancora Advisors LLC now owns 214,297 shares of the company’s stock valued at $1,125,000 after buying an additional 27,294 shares in the last quarter. Franklin Resources Inc. raised its position in shares of Houston Wire & Cable Co. by 100.0% in the second quarter. Franklin Resources Inc. now owns 120,000 shares of the company’s stock worth $630,000 after buying an additional 60,000 shares in the last quarter. BlackRock Institutional Trust Company N.A. raised its position in shares of Houston Wire & Cable Co. by 0.3% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 453,029 shares of the company’s stock worth $2,378,000 after buying an additional 1,267 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Houston Wire & Cable Co. by 15.7% in the second quarter. Vanguard Group Inc. now owns 797,207 shares of the company’s stock worth $4,185,000 after buying an additional 108,322 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Houston Wire & Cable Co. by 2.4% in the second quarter. Dimensional Fund Advisors LP now owns 957,927 shares of the company’s stock worth $5,029,000 after buying an additional 22,272 shares in the last quarter. Institutional investors and hedge funds own 69.41% of the company’s stock.

Houston Wire & Cable Co. Company Profile

Houston Wire & Cable Company is a holding company. The Company is engaged in provision of electrical and mechanical wire and cable, hardware and related services. It operates through sales of wire and cable, hardware and related services segment in the United States market. Its cable management program includes purchasing and storing inventory for product availability.

5 Day Chart for NASDAQ:HWCC

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