Houston Wire & Cable Company (NASDAQ:HWCC) Given Price Target Of $5


As per Houston Wire & Cable Company (NASDAQ:HWCC)’s news release on 2016-08-10, its shareholders will get cash dividend of $0.03 per share. The recent press release updated on the record date and payout date, which stands at 2016-08-19 and 2016-08-30, respectively.

The stock will commence trading ex-dividend from 2016-08-17, until, which the shareholders are compelled to keep the holdings so as to qualify for the dividend. Evaluating the dividend distribution mode, it was noted that last year Houston Wire & Cable Company (NASDAQ:HWCC) disbursed $0.03 in dividend compared to distribution of $0.03, a year ago.

It highlights a sharp difference in cash payouts of the two years. This shows a major deviation of -10.6383%.

Analyst Perspective

The sell-side market professionals who track the firm’s financial and technical parameters have estimated Houston Wire & Cable Company (NASDAQ:HWCC) to attain a price target of $5. It is an average estimate figure given by 1 analysts tracking the stock. The estimates disclosed that the stock can move up on the chart and hit a high of $5. The low price range is set at $5 for next year while the arithmetic mean is seen at 3.

Eyeing Earnings Houston Wire & Cable Company (NASDAQ:HWCC) is likely to post quarterly numbers around 2016-11-03 for the quarter ending 2016-09-30. The quarterly EPS projection is set at $-0.02 for the period ending on 2016-09-30.

In last quarter ended 2015-12-31, Houston Wire & Cable Company (NASDAQ:HWCC) earnings came at $-0.04 suggesting a deviation of $-0.05. The brokerages targeted EPS of $0.01 for the quarter.

1 Chart Pattern Every Investor Should Know

This little-known pattern preceded moves of 578% in ARWR, 562% in LCI, 513% in ICPT, 439% in EGRX, 408% in ADDUS and more...

Click Here to See This Now.

(Visited 13 times, 1 visits today)