General Cable Corporation (NYSE:BGC) announced its quarterly earnings results on Wednesday. The industrial products company reported $0.25 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.17 by $0.08, Bloomberg Earnings reports. General Cable Corporation had a negative net margin of 4.71% and a positive return on equity of 43.57%. The firm had revenue of $994.00 million during the quarter, compared to the consensus estimate of $879.80 million. During the same period last year, the firm earned $0.07 EPS. The business’s quarterly revenue was up 7.5% compared to the same quarter last year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 8th will be issued a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 3.44%. The ex-dividend date of this dividend is Thursday, December 7th. General Cable Corporation’s payout ratio is -20.22%.
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Separately, BidaskClub raised shares of General Cable Corporation from a “hold” rating to a “buy” rating in a report on Friday, August 4th.
About General Cable Corporation
General Cable Corporation is engaged in the development, design, manufacture, marketing and distribution of copper, aluminum and fiber optic wire and cable products for use in the energy, industrial, construction, specialty and communications markets. The Company’s segments include North America, Europe, Latin America, and Africa/Asia Pacific.
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