Houston Wire & Cable Co. (NASDAQ:HWCC) – Equities research analysts at William Blair raised their Q4 2016 earnings per share estimates for shares of Houston Wire & Cable Co. in a research note issued to investors on Tuesday. William Blair analyst R. Merkel now expects that the brokerage will post earnings per share of $0.01 for the quarter, up from their prior estimate of ($0.01). William Blair also issued estimates for Houston Wire & Cable Co.’s Q1 2017 earnings at $0.02 EPS and Q4 2017 earnings at $0.02 EPS.

Houston Wire & Cable Co. (NASDAQ:HWCC) last released its quarterly earnings data on Tuesday, November 8th. The company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of ($0.03) by $0.06. The firm earned $65.20 million during the quarter, compared to analyst estimates of $64.32 million. Houston Wire & Cable Co. had a negative net margin of 1.67% and a negative return on equity of 1.91%. The business’s revenue for the quarter was down 16.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.06 earnings per share.

Earnings History and Estimates for Houston Wire & Cable Co. (NASDAQ:HWCC)

Separately, Zacks Investment Research upgraded Houston Wire & Cable Co. from a “strong sell” rating to a “hold” rating and set a $7.00 price objective for the company in a report on Tuesday, October 11th.

Houston Wire & Cable Co. (NASDAQ:HWCC) opened at 5.60 on Wednesday. The stock has a 50 day moving average price of $5.79 and a 200 day moving average price of $5.78. The firm’s market capitalization is $92.23 million. Houston Wire & Cable Co. has a 1-year low of $4.79 and a 1-year high of $7.71.

Several large investors have recently made changes to their positions in HWCC. Ameriprise Financial Inc. increased its stake in shares of Houston Wire & Cable Co. by 0.7% in the third quarter. Ameriprise Financial Inc. now owns 410,877 shares of the company’s stock valued at $2,542,000 after buying an additional 2,800 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of Houston Wire & Cable Co. by 4.3% in the third quarter. Bank of New York Mellon Corp now owns 285,103 shares of the company’s stock valued at $1,766,000 after buying an additional 11,719 shares in the last quarter. Isthmus Partners LLC increased its stake in shares of Houston Wire & Cable Co. by 3.9% in the third quarter. Isthmus Partners LLC now owns 77,636 shares of the company’s stock valued at $481,000 after buying an additional 2,879 shares in the last quarter. Wells Fargo & Company MN increased its stake in shares of Houston Wire & Cable Co. by 3,177,200.0% in the third quarter. Wells Fargo & Company MN now owns 31,773 shares of the company’s stock valued at $197,000 after buying an additional 31,772 shares in the last quarter. Finally, Algert Global LLC increased its stake in shares of Houston Wire & Cable Co. by 10.6% in the second quarter. Algert Global LLC now owns 49,715 shares of the company’s stock valued at $261,000 after buying an additional 4,754 shares in the last quarter. 67.69% of the stock is owned by institutional investors and hedge funds.

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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