Somewhat Positive Media Coverage Somewhat Unlikely to Impact General Cable (NYSE:BGC) Stock Price

News headlines about General Cable (NYSE:BGC) have trended somewhat positive on Wednesday, according to Accern. Accern scores the sentiment of media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. General Cable earned a coverage optimism score of 0.09 on Accern’s scale. Accern also assigned press coverage about the industrial products company an impact score of 45.394068985132 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

General Cable (BGC) opened at $29.60 on Wednesday. General Cable has a 1-year low of $14.95 and a 1-year high of $30.17. The stock has a market cap of $1,494.57, a P/E ratio of -8.31 and a beta of 2.88. The company has a current ratio of 1.98, a quick ratio of 1.10 and a debt-to-equity ratio of 8.42.

General Cable (NYSE:BGC) last released its earnings results on Wednesday, November 1st. The industrial products company reported $0.25 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.17 by $0.08. General Cable 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 analyst estimates of $879.80 million. During the same period last year, the business earned $0.07 earnings per share. The business’s revenue was up 7.5% on a year-over-year basis.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Friday, December 8th were issued a dividend of $0.18 per share. The ex-dividend date was Thursday, December 7th. This represents a $0.72 annualized dividend and a dividend yield of 2.43%. General Cable’s payout ratio is -20.22%.

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About General Cable

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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