Houston Wire & Cable (HWCC) Getting Somewhat Favorable Press Coverage, Analysis Shows
News stories about Houston Wire & Cable (NASDAQ:HWCC) have been trending somewhat positive on Tuesday, according to Accern. Accern scores the sentiment of news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Houston Wire & Cable earned a media sentiment score of 0.08 on Accern’s scale. Accern also gave news headlines about the industrial products company an impact score of 47.1363682847127 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the news headlines that may have effected Accern Sentiment Analysis’s analysis:
- Houston Wire & Cable Co. :HWCC-US: Earnings Analysis: Q3, 2017 By the Numbers : November 13, 2017 (finance.yahoo.com)
- Houston Wire & Cable Company Reports Results for the Third Quarter of 2017 (finance.yahoo.com)
- Is It Too Late To Buy Houston Wire & Cable Company (HWCC)? (finance.yahoo.com)
- CORRECTING and REPLACING — Houston Wire & Cable Company Reports Results for the Third Quarter of 2017 (finance.yahoo.com)
- Edited Transcript of HWCC earnings conference call or presentation 9-Nov-17 4:00pm GMT (finance.yahoo.com)
A number of research analysts recently weighed in on HWCC shares. Zacks Investment Research lowered shares of Houston Wire & Cable from a “hold” rating to a “sell” rating in a research note on Friday, August 11th. TheStreet lowered shares of Houston Wire & Cable from a “c-” rating to a “d+” rating in a research note on Tuesday, August 15th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $8.00.
Houston Wire & Cable (NASDAQ:HWCC) opened at $6.05 on Tuesday. Houston Wire & Cable has a one year low of $4.70 and a one year high of $8.05. The company has a quick ratio of 2.39, a current ratio of 5.60 and a debt-to-equity ratio of 0.82.
Houston Wire & Cable (NASDAQ:HWCC) last released its quarterly earnings results on Thursday, November 9th. The industrial products company reported $0.06 EPS for the quarter. The firm had revenue of $81.20 million during the quarter, compared to analyst estimates of $77.60 million. Houston Wire & Cable had a negative net margin of 1.33% and a negative return on equity of 0.86%. The business’s revenue for the quarter was up 24.5% on a year-over-year basis. During the same period in the previous year, the business earned ($0.09) EPS. research analysts forecast that Houston Wire & Cable will post -0.05 EPS for the current fiscal year.
In other news, Director Roy W. Haley purchased 10,000 shares of Houston Wire & Cable stock in a transaction dated Thursday, August 24th. The stock was purchased at an average cost of $4.87 per share, for a total transaction of $48,700.00. Following the transaction, the director now directly owns 10,000 shares of the company’s stock, valued at $48,700. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. 4.00% of the stock is owned by insiders.
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About Houston Wire & Cable
Houston Wire & Cable Company is a holding company. The Company is engaged in provision of electrical and mechanical wire and cable, hardware and related services. It operates through sales of wire and cable, hardware and related services segment in the United States market. Its cable management program includes purchasing and storing inventory for product availability.
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