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NYSE:BGC

General Cable (BGC) Stock Price, News & Analysis

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About General Cable Stock (NYSE:BGC)

Key Stats

Today's Range
$9.95
$10.41
50-Day Range
$30.00
$30.00
52-Week Range
$14.95
$30.17
Volume
3.25 million shs
Average Volume
3.08 million shs
Market Capitalization
$5.00 billion
P/E Ratio
144.71
Dividend Yield
0.39%
Price Target
$12.00
Consensus Rating
Buy

Company Overview

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.

General Cable Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
36th Percentile Overall Score

BGC MarketRank™: 

General Cable scored higher than 36% of companies evaluated by MarketBeat, and ranked 749th out of 930 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    General Cable has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    General Cable has only been the subject of 1 research reports in the past 90 days.

  • Read more about General Cable's stock forecast and price target.
  • Earnings Growth

    Earnings for General Cable are expected to grow by 8.79% in the coming year, from $0.91 to $0.99 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of General Cable is 144.71, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 125.73.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of General Cable is 144.71, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 46.28.

  • Price to Book Value per Share Ratio

    General Cable has a P/B Ratio of 5.63. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

  • Short Interest

    There is no current short interest data available for BGC.
  • Dividend Yield

    General Cable has a dividend yield of 0.52%, which is in the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    General Cable does not have a long track record of dividend growth.

  • Dividend Coverage

    The dividend payout ratio of General Cable is 57.14%. This payout ratio is at a healthy, sustainable level, below 75%.

  • Dividend Sustainability

    Based on earnings estimates, General Cable will have a dividend payout ratio of 4.04% next year. This indicates that General Cable will be able to sustain or increase its dividend.

  • Read more about General Cable's dividend.
  • Short Interest

    There is no current short interest data available for BGC.
  • News Coverage This Week

    MarketBeat has tracked 1 news article for General Cable this week, compared to 1 article on an average week.
  • Search Interest

    Only 2 people have searched for BGC on MarketBeat in the last 30 days. This is a decrease of -75% compared to the previous 30 days.
  • MarketBeat Follows

    Only 3 people have added General Cable to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, General Cable insiders have not sold or bought any company stock.

  • Percentage Held by Insiders

    47.93% of the stock of General Cable is held by insiders. A high percentage of insider ownership can be a sign of company health.

  • Percentage Held by Institutions

    52.11% of the stock of General Cable is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about General Cable's insider trading history.
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BGC Stock News Headlines

GCI to end cable TV service in 2025
BGC Group: Entering A Growth Spurt
“This Changes Everything” - Trump Hands Millions Massive IRS Gift
Now it's your time to return the favor by taking advantage of this tax "revenge loophole." Because even as we wait for Trump's agenda to kick in…
BGC Reports Third Quarter 2024 Financial Results
See More Headlines

BGC Stock Analysis - Frequently Asked Questions

General Cable Corp (NYSE:BGC) posted its quarterly earnings results on Thursday, October, 31st. The industrial products company reported $0.26 earnings per share for the quarter, beating analysts' consensus estimates of $0.23 by $0.03. The industrial products company earned $561.11 million during the quarter, compared to the consensus estimate of $543 million. General Cable had a trailing twelve-month return on equity of 48.53% and a net margin of 1.74%.

Top institutional shareholders of General Cable include M&T Bank Corp (0.04%), Capstone Investment Advisors LLC, Amalgamated Bank (0.02%) and PEAK6 Investments LLC.
View institutional ownership trends
.

Based on aggregate information from My MarketBeat watchlists, some other companies that General Cable investors own include Humana (HUM), American Water Works (AWK), Voyager Therapeutics (VYGR), Waste Connections (WCN), TotalEnergies (TTE), The RMR Group (RMR) and Southern First Bancshares (SFST).

Company Calendar

Ex-Dividend for 9/3 Dividend
8/19/2024
Dividend Payable
9/03/2024
Last Earnings
10/31/2024
Today
11/21/2024
Ex-Dividend for 12/4 Dividend
11/21/2024
Dividend Payable
12/04/2024
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
$12.00
High Stock Price Target
$12.00
Low Stock Price Target
$12.00
Potential Upside/Downside
+18.5%
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
$1.44 per share
Book Value
$1.80 per share

Miscellaneous

Free Float
257,146,000
Market Cap
$5.00 billion
Optionable
Optionable
Beta
1.51
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This page (NYSE:BGC) was last updated on 11/21/2024 by MarketBeat.com Staff
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