Coleman Cable (CCIX) Scheduled to Post Quarterly Earnings on Thursday

Coleman Cable (NASDAQ:CCIX) will issue its Q2 2013 quarterly earnings data after the market closes on Thursday, August 8th. Coleman Cable has set its Q2 guidance at $0.35 and $0.52 EPS.

Coleman Cable (NASDAQ:CCIX) last announced its earnings results on Thursday, May 9th. The company reported $0.37 earnings per share for the quarter, beating the analysts' consensus estimate of $0.29 by $0.08. The company had revenue of $222.50 million for the quarter, compared to the consensus estimate of $221.57 million. During the same quarter last year, the company posted $0.24 earnings per share. Coleman Cable's revenue was up .9% compared to the same quarter last year. On average, analysts expect Coleman Cable to post $1.68 EPS for the current fiscal year and $1.95 EPS for the next fiscal year.

Coleman Cable (NASDAQ:CCIX) opened at 20.93 on Wednesday. Coleman Cable has a 52-week low of $8.10 and a 52-week high of $22.91. The stock's 50-day moving average is currently $20.38. The company has a market cap of $363.9 million and a price-to-earnings ratio of 14.56.

Several analysts have recently commented on the stock. Analysts at Sidoti upgraded shares of Coleman Cable from a "neutral" rating to a "buy" rating in a research note to investors on Friday, May 31st. Analysts at FBR Capital Markets raised their price target on shares of Coleman Cable from $15.00 to $22.00 in a research note to investors on Thursday, May 16th. They now have an "outperform" rating on the stock.

Coleman Cable, Inc (NASDAQ:CCIX) is a designer, developer, manufacturer and supplier of electrical wire and cable products for consumer, commercial and industrial applications, with operations primarily in the United States and in Honduras and Canada.


2013/08/08 14:33:42 Source：(watchlist news)

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