Houston Wire & Cable Co. (NASDAQ:HWCC) – Research analysts at William Blair dropped their FY2016 earnings estimates for Houston Wire & Cable Co. in a report issued on Tuesday. William Blair analyst R. Merkel now expects that the firm will post earnings per share of ($0.13) for the year, down from their prior forecast of ($0.08). William Blair also issued estimates for Houston Wire & Cable Co.’s Q2 2017 earnings at $0.00 EPS, Q3 2017 earnings at ($0.03) EPS, FY2017 earnings at $0.01 EPS and FY2018 earnings at $0.09 EPS.

Houston Wire & Cable Co. (NASDAQ:HWCC) last posted its earnings results on Tuesday, November 8th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.03) by $0.06. Houston Wire & Cable Co. had a negative return on equity of 1.94% and a negative net margin of 1.67%. The firm had revenue of $65.20 million for the quarter, compared to analyst estimates of $64.32 million. During the same period in the previous year, the company posted $0.06 EPS. Houston Wire & Cable Co.’s revenue was down 16.7% on a year-over-year basis.

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

Separately, Zacks Investment Research cut Houston Wire & Cable Co. from a “buy” rating to a “hold” rating in a report on Friday.

Houston Wire & Cable Co. (NASDAQ:HWCC) opened at 5.55 on Thursday. The firm’s market cap is $91.41 million. Houston Wire & Cable Co. has a 1-year low of $4.79 and a 1-year high of $7.71. The company’s 50-day moving average price is $5.78 and its 200 day moving average price is $5.77.

Several institutional investors have recently added to or reduced their stakes in HWCC. Rutabaga Capital Management LLC MA boosted its position in Houston Wire & Cable Co. by 73.5% in the third quarter. Rutabaga Capital Management LLC MA now owns 1,457,811 shares of the company’s stock worth $7,799,000 after buying an additional 617,461 shares during the period. Thomson Horstmann & Bryant Inc. boosted its position in Houston Wire & Cable Co. by 35.2% in the second quarter. Thomson Horstmann & Bryant Inc. now owns 1,058,204 shares of the company’s stock worth $5,555,000 after buying an additional 275,710 shares during the period. Dimensional Fund Advisors LP boosted its position in 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 during the period. Vanguard Group Inc. boosted its position in 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 during the period. Finally, BlackRock Institutional Trust Company N.A. boosted its position in 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 during the period. 67.69% of the stock is owned by institutional investors.

About Houston Wire & Cable Co.

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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