wiUSA December 2013

INDEX

Houston Wire & Cable upgraded to “neutral” AmericanBankingNews.com reports that Zacks has upgraded shares of Houston Wire & Cable Co from an underperform rating to a neutral rating. Houston Wire & Cable Co traded up 2.34 percent immediately after the announcement, hitting $13.53 while 39,209 shares of the company’s stock changed hands. Houston Wire & Cable Co has a 52-week low of $10.39 and a 52-week high of $15.07. The stock has a 50-day moving average of $13.74 and a 200-day moving average of $13.87. The company has a market cap of $242.7 million and a price-earnings ratio of 14.22. Houston Wire & Cable Co announced its earnings results on 12 th November, reporting $0.20 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.23 by $0.03. The company had revenue of $95.20 million for the quarter, compared to the consensus estimate of $99.50 million. During the same quarter last year, the company posted $0.24 earnings per share. Houston Wire & Cable Co’s revenue was down 0.9 percent compared to the same quarter last year. The company recently announced a quarterly dividend, scheduled for 2 nd December, of $0.11 per share.

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