Somewhat Favorable Press Coverage Somewhat Unlikely to Impact General Cable Corporation (BGC) Share Price
News articles about General Cable Corporation (NYSE:BGC) have been trending somewhat positive on Sunday, Accern Sentiment reports. The research group scores the sentiment of press coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. General Cable Corporation earned a news impact score of 0.12 on Accern’s scale. Accern also assigned media headlines about the industrial products company an impact score of 47.7013042254253 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the media headlines that may have impacted Accern Sentiment’s analysis:
- General Cable reports Q3 2017 results. (thefreelibrary.com)
- BRIEF-General Cable Corp reports Q3 loss per share $0.28 (BGC) (markets.businessinsider.com)
- General Cable Corporation (BGC) Announces Quarterly Earnings Results (americanbankingnews.com)
- General Cable Corp. Q3 Earnings Climb 34% (rttnews.com)
Separately, BidaskClub upgraded shares of General Cable Corporation from a “hold” rating to a “buy” rating in a report on Friday, August 4th.
General Cable Corporation (BGC) traded down $0.30 during trading on Friday, reaching $20.60. 872,414 shares of the company traded hands, compared to its average volume of 1,549,782. The firm has a market capitalization of $1,029.28, a PE ratio of 30.29 and a beta of 2.90. The company has a debt-to-equity ratio of 8.42, a current ratio of 1.98 and a quick ratio of 1.06.
General Cable Corporation (NYSE:BGC) last released its quarterly earnings results on Wednesday, November 1st. The industrial products company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.08. General Cable Corporation had a negative net margin of 4.71% and a positive return on equity of 43.57%. The business had revenue of $994.00 million for the quarter, compared to analysts’ expectations of $879.80 million. During the same period in the previous year, the company earned $0.07 earnings per share. The firm’s revenue for the quarter was up 7.5% compared to the same quarter last year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 8th will be issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 3.50%. The ex-dividend date is Thursday, December 7th. General Cable Corporation’s dividend payout ratio (DPR) is presently -20.22%.
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About General Cable Corporation
General Cable Corporation is engaged in the development, design, manufacture, marketing and distribution of copper, aluminum and fiber optic wire and cable products for use in the energy, industrial, construction, specialty and communications markets. The Company’s segments include North America, Europe, Latin America, and Africa/Asia Pacific.
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