Houston Wire & Cable Co. Lowered to Market Perform at William Blair (HWCC)

Houston Wire & Cable Co. (NASDAQ:HWCC) was downgraded by research analysts at William Blair from an "outperform" rating to a "market perform" rating in a report released on Thursday, You are not allowed to view links. Register or Login reports.

Houston Wire & Cable Co. (NASDAQ:HWCC) opened at 13.25 on Thursday. Houston Wire & Cable Co. has a one year low of $10.32 and a one year high of $15.07. The stock has a 50-day moving average of $14.3 and a 200-day moving average of $13.43. The company has a market cap of $237.7 million and a P/E ratio of 14.25.

Houston Wire & Cable Co. (NASDAQ:HWCC) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by $0.04. The company had revenue of $99.30 million for the quarter, compared to the consensus estimate of $99.86 million. During the same quarter in the prior year, the company posted $0.25 earnings per share. The company's quarterly revenue was up 1.3% on a year-over-year basis. Analysts expect that Houston Wire & Cable Co. will post $0.90 EPS for the current fiscal year.

A number of other analysts have also recently weighed in on HWCC. Analysts at Zacks downgraded shares of Houston Wire & Cable Co. from a "neutral" rating to an "underperform" rating in a research note to investors on Monday. They now have a $12.80 price target on the stock. Analysts at Raymond James downgraded shares of Houston Wire & Cable Co. from an "outperform" rating to a "market perform" rating in a research note to investors on Wednesday, August 7th. They now have a $15.00 price target on the stock.

The company also recently declared a quarterly dividend, which is scheduled for Friday, August 30th. Investors of record on Monday, August 12th will be given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 3.32%. The ex-dividend date of this dividend is Thursday, August 8th.

Houston Wire & Cable Company provides wire and cable and related services to the United States market.

2013/08/18 09:21:28 Source：(Mideasttime)

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