Zacks Downgrades Houston Wire & Cable Co. to Underperform (HWCC)

Houston Wire & Cable Co. (NASDAQ:HWCC) was downgraded by Zacks from a "neutral" rating to an "underperform" rating in a research note issued to investors on Thursday, Stock Ratings News reports. They currently have a $12.70 price objective on the stock. Zacks' target price suggests a potential downside of 4.58% from the stock's previous close.

Shares of Houston Wire & Cable Co. (NASDAQ:HWCC) opened at 13.31 on Thursday. Houston Wire & Cable Co. has a one year low of $10.89 and a one year high of $15.07. The stock's 50-day moving average is $13.21 and its 200-day moving average is $13.63. The company has a market cap of $238.8 million and a price-to-earnings ratio of 25.79.

Houston Wire & Cable Co. (NASDAQ:HWCC) last posted its quarterly earnings results on Tuesday, November 12th. The company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by $0.03. The company had revenue of $95.20 million for the quarter, compared to the consensus estimate of $99.50 million. During the same quarter in the previous year, the company posted $0.24 earnings per share. The company's revenue for the quarter was down .9% on a year-over-year basis. Analysts expect that Houston Wire & Cable Co. will post $0.86 EPS for the current fiscal year.

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

2014/01/07 09:32:38 Source：north forkvue

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