NYSE:BGC

General Cable (BGC) Stock Price, News & Analysis

Notice: This company has been marked as potentially delisted and may not be actively trading.
Today's Range
$8.10
$8.27
50-Day Range
$30.00
$30.00
52-Week Range
$14.95
$30.17
Volume
2.92 million shs
Average Volume
3.08 million shs
Market Capitalization
$4.06 billion
P/E Ratio
117.43
Dividend Yield
0.49%
Price Target
$9.00

General Cable MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
9.5% Upside
$9.00 Price Target
Short Interest
N/A
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.00mentions of General Cable in the last 14 days
Based on 6 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
8.79%
From $0.91 to $0.99 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

0.79 out of 5 stars

Finance Sector

815th out of 874 stocks

Security & Commodity Brokers, Dealers, Exchanges & Services Industry

10th out of 10 stocks

BGC stock logo

About General Cable Stock (NYSE:BGC)

General Cable Corporation develops, designs, manufactures, markets, and distributes copper, aluminum, and fiber optic wire and cable products for the energy, industrial, construction, specialty, and communications markets. It offers electric utility products, including low- and medium-voltage distribution cables; high- and extra-high voltage power transmission cables; bare overhead conductors; and submarine transmission and distribution cables. The company also provides electrical infrastructure products, such as rubber-and plastic-jacketed wires and cables, low- and medium-voltage industrial power cables, and cable wire harnesses, as well as rail and mass transit, shipboard, oil and gas, armored mining, and alternative energy power generation cables. In addition, it offers communications products comprising high-bandwidth twisted copper and fiber optic, multi conductor and pair fiber and copper networking, telecommunications exchange, coaxial, and low detection profile cables, as well as fiber-optic submarine cable systems, submarine networks, and offshore integration systems. Further, the company provides construction products consisting of construction cables, flexible cords, halogen-free, low-smoke, and flame retardant cables, as well as rod mill products, including copper and aluminum rods. Additionally, it offers design, integration, and installation services for products, such as high and extra-high voltage terrestrial and submarine systems. The company sells its products directly to utilities, independent distributors, retailers, contractors, and original equipment manufacturers in North America, Europe, Latin America, and Africa/the Asia Pacific. General Cable Corporation was founded in 1992 and is headquartered in Highland Heights, Kentucky.

BGC Stock News Headlines

Stock-Picking AI Predicts #1 Stock of 2024
Since the start of the year, the top 10 investment funds in the world – including Vanguard, Blackrock, Fidelity and JP Morgan – have made nearly $1 trillion in profits on these 7 stocks.
BGC Reports First Quarter 2024 Financial Results
6 Best Guitar Cables of 2024
Stock-Picking AI Predicts #1 Stock of 2024
Since the start of the year, the top 10 investment funds in the world – including Vanguard, Blackrock, Fidelity and JP Morgan – have made nearly $1 trillion in profits on these 7 stocks.
How to choose an Ethernet cable
BGC Group Set to Join S&P SmallCap 600
General Cable Corp GCA
Best cable internet providers of 2024
7 best cable organizers of 2024
BGC stock jumps on upbeat Q4 outlook
See More Headlines
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Company Calendar

Ex-Dividend for 3/19 Dividend
3/04/2024
Dividend Payable
3/19/2024
Last Earnings
4/30/2024
Today
5/04/2024
Ex-Dividend for 6/4 Dividend
5/20/2024
Dividend Payable
6/04/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Security & commodity brokers, dealers, exchanges & services
Sub-Industry
Electrical Components & Equipment
CUSIP
36930010
Employees
3,895
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$9.00
High Stock Price Target
$9.00
Low Stock Price Target
$9.00
Potential Upside/Downside
+9.5%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 Analysts

Profitability

Net Income
$36.26 million
Pretax Margin
2.85%

Debt

Sales & Book Value

Annual Sales
$2.03 billion
Cash Flow
$1.17 per share
Book Value
$1.80 per share

Miscellaneous

Free Float
257,146,000
Market Cap
$4.06 billion
Optionable
Optionable
Beta
1.51
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Key Executives

  • Mr. Michael T. McDonnell (Age 60)
    Pres, CEO & Director
  • Mr. Matti M. Masanovich (Age 46)
    Sr. VP & CFO
  • Mr. Emerson C. Moser (Age 41)
    Sr. VP, Gen. Counsel & Corp. Sec.
  • Ms. Leah S. Stark (Age 41)
    Sr. VP & Chief HR Officer
  • Mr. Shruti Singhal (Age 48)
    Sr. VP & Pres of Europe

BGC Stock Analysis - Frequently Asked Questions

Should I buy or sell General Cable stock right now?

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for General Cable in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" BGC shares.
View BGC analyst ratings
or view top-rated stocks.

What is General Cable's stock price target for 2024?

1 brokers have issued 12-month price targets for General Cable's shares. Their BGC share price targets range from $9.00 to $9.00. On average, they anticipate the company's share price to reach $9.00 in the next twelve months. This suggests a possible upside of 9.5% from the stock's current price.
View analysts price targets for BGC
or view top-rated stocks among Wall Street analysts.

How were General Cable's earnings last quarter?

General Cable Corp (NYSE:BGC) posted its quarterly earnings data on Tuesday, April, 30th. The industrial products company reported $0.25 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.25. The industrial products company had revenue of $578.61 million for the quarter, compared to analyst estimates of $585 million. General Cable had a trailing twelve-month return on equity of 48.53% and a net margin of 1.74%. During the same quarter in the prior year, the business earned $0.23 EPS.

How often does General Cable pay dividends? What is the dividend yield for General Cable?

General Cable declared a quarterly dividend on Monday, April 29th. Shareholders of record on Tuesday, May 21st will be paid a dividend of $0.02 per share on Tuesday, June 4th. This represents a $0.08 annualized dividend and a yield of 0.97%. The ex-dividend date is Monday, May 20th. This is a boost from the stock's previous quarterly dividend of $0.01.
Read our dividend analysis for BGC
.

Is General Cable a good dividend stock?

General Cable (NYSE:BGC) pays an annual dividend of $0.04 per share and currently has a dividend yield of 0.52%. The dividend payout ratio is 57.14%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BGC will have a dividend payout ratio of 4.04% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for BGC.

What guidance has General Cable issued on next quarter's earnings?

General Cable issued an update on its second quarter 2024 earnings guidance on Tuesday, April, 30th. The company provided EPS guidance of for the period. The company issued revenue guidance of $520.0 million-$570.0 million, compared to the consensus revenue estimate of $543.4 million.

What other stocks do shareholders of General Cable own?
Who are General Cable's major shareholders?

General Cable's stock is owned by a number of retail and institutional investors. Top institutional investors include Concourse Financial Group Securities Inc. (0.00%).
View institutional ownership trends
.

This page (NYSE:BGC) was last updated on 5/5/2024 by MarketBeat.com Staff

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