Houston Wire & Cable Company (NASDAQ:HWCC) Given Price Target Of $6


As per Houston Wire & Cable Company (NASDAQ:HWCC)’s news release on 2016-05-06, its shareholders will get cash dividend of $0.06 per share. The recent press release updated on the record date and payout date, which stands at 2016-05-16 and 2016-05-27, respectively.

The stock of Houston Wire & Cable Company (NASDAQ:HWCC) will commence trading ex-dividend from 2016-05-12, 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 $0.3 in dividend compared to distribution of $0.47, a year ago. It highlights a sharp difference in cash payouts of the two years. This shows a major deviation of -10.6383%.

The past track record of five years substantiates that the average payout of Houston Wire & Cable Company (NASDAQ:HWCC) stands at $0.405, implying 4.3168% growth. The company recorded earnings of $0.09 a share in the preceding fiscal.

The interim price target for Houston Wire & Cable Company (NASDAQ:HWCC) is set at $6. This level is the mean price reached by averaging the stock views of 1 analysts. All these are top brokerages of Wall Street and trail the company’s performance regularly. The best price estimate is seen at $6 and the lowest level is established at 6. This broad range highlights a standard deviation of $0 in reported estimates.

AlphaOne has allotted A sentiment score of 0.56 to Houston Wire & Cable Company (NASDAQ:HWCC) while impact score assigned is 0 as on as on 2016-07-21.

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