General Cable (BGC) Stock Price, News & Analysis

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for General Cable in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" BGC shares.
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1 brokers have issued 1 year price objectives for General Cable's shares. Their BGC share price targets range from $9.00 to $9.00. On average, they predict the company's share price to reach $9.00 in the next twelve months. This suggests a possible upside of 16.7% from the stock's current price.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 30th 2024.
View our BGC earnings forecast.

General Cable will be holding an earnings conference call on Tuesday, April 30th at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link.

General Cable Corp (NYSE:BGC) released its quarterly earnings data on Wednesday, February, 14th. The industrial products company reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.01. The industrial products company had revenue of $516.76 million for the quarter, compared to the consensus estimate of $495.40 million. General Cable had a trailing twelve-month return on equity of 48.53% and a net margin of 1.74%.

General Cable announced a quarterly dividend on Tuesday, February 13th. Shareholders of record on Tuesday, March 5th will be given a dividend of $0.01 per share on Tuesday, March 19th. This represents a $0.04 annualized dividend and a yield of 0.52%. The ex-dividend date of this dividend is Monday, March 4th.
Read our dividend analysis for BGC.

General Cable (NYSE:BGC) pays an annual dividend of $0.04 per share and currently has a dividend yield of 0.53%. 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.

ETFs with the largest weight of General Cable (NYSE:BGC) stock in their portfolio include Schwab Crypto Thematic ETF (STCE), Invesco Dorsey Wright Financial Momentum ETF (PFI), Invesco S&P SmallCap Financials ETF (PSCF) and WisdomTree U.S. SmallCap Fund (EES).iShares U.S. Broker-Dealers & Securities Exchanges ETF (IAI).

General Cable issued an update on its first quarter 2024 earnings guidance on Thursday, April, 4th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $560.0 million-$610.0 million, compared to the consensus revenue estimate of $594.2 million.

Based on aggregate information from My MarketBeat watchlists, some companies that other General Cable investors own include Energy Transfer (ET), Cornerstone Total Return Fund (CRF), CBL & Associates Properties (CBL), Cornerstone Strategic Value Fund (CLM), Martin Midstream Partners (MMLP), SandRidge Permian Trust (PER), SunCoke Energy Partners (SXCP), Navios Maritime Midstream Partners (NAP), C3.ai (AI) and Alliance Resource Partners (ARLP).