Wall Street analysts forecast that BGC Partners, Inc. (NASDAQ:BGCP – Get Rating) will report earnings of $0.22 per share for the current quarter, according to Zacks. Two analysts have issued estimates for BGC Partners’ earnings, with the highest EPS estimate coming in at $0.22 and the lowest estimate coming in at $0.21. BGC Partners posted earnings of $0.18 per share in the same quarter last year, which would suggest a positive year over year growth rate of 22.2%. The firm is scheduled to issue its next earnings report after the market closes on Monday, January 1st.
According to Zacks, analysts expect that BGC Partners will report full year earnings of $0.73 per share for the current year, with EPS estimates ranging from $0.70 to $0.75. For the next financial year, analysts expect that the firm will post earnings of $0.83 per share, with EPS estimates ranging from $0.80 to $0.85. Zacks’ EPS calculations are an average based on a survey of research firms that that provide coverage for BGC Partners.
BGC Partners (NASDAQ:BGCP – Get Rating) last issued its quarterly earnings results on Wednesday, February 16th. The financial services provider reported $0.17 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.17. BGC Partners had a net margin of 6.27% and a return on equity of 46.73%. The company had revenue of $461.59 million during the quarter, compared to analyst estimates of $485.95 million. During the same quarter last year, the business posted $0.13 EPS.
Several hedge funds have recently bought and sold shares of BGCP. First Trust Advisors LP purchased a new position in shares of BGC Partners in the first quarter worth $6,086,000. SG Americas Securities LLC increased its position in BGC Partners by 204.1% in the third quarter. SG Americas Securities LLC now owns 45,160 shares of the financial services provider’s stock worth $235,000 after buying an additional 30,310 shares in the last quarter. Clear Harbor Asset Management LLC boosted its stake in shares of BGC Partners by 668.3% in the third quarter. Clear Harbor Asset Management LLC now owns 274,360 shares of the financial services provider’s stock worth $1,429,000 after acquiring an additional 238,650 shares during the period. Swiss National Bank boosted its stake in shares of BGC Partners by 5.1% in the third quarter. Swiss National Bank now owns 673,208 shares of the financial services provider’s stock worth $3,507,000 after acquiring an additional 32,400 shares during the period. Finally, Boussard & Gavaudan Investment Management LLP bought a new position in shares of BGC Partners in the third quarter worth about $27,281,000. Hedge funds and other institutional investors own 55.71% of the company’s stock.
Shares of BGCP traded down $0.13 during trading hours on Friday, reaching $3.72. 1,372,953 shares of the company’s stock traded hands, compared to its average volume of 2,298,541. The stock has a market cap of $1.37 billion, a PE ratio of 11.27 and a beta of 1.66. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 1.59. The firm’s 50 day simple moving average is $4.35 and its 200-day simple moving average is $4.61. BGC Partners has a 12 month low of $3.71 and a 12 month high of $6.51.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 22nd. Stockholders of record on Tuesday, March 8th were paid a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 1.08%. The ex-dividend date was Monday, March 7th. BGC Partners’s dividend payout ratio is currently 12.12%.
BGC Partners Company Profile (Get Rating)
BGC Partners, Inc operates as a financial brokerage and technology company in the United States, France, other Europe, the United Kingdom, other Americas, Asia, Australia, Africa, and the Middle East. It offers various brokerage products, such as fixed income, such as government bonds, corporate bonds, and other debt instruments, as well as related interest rate derivatives and credit derivatives; and fixed income, equity derivatives and cash equities, energy and commodities, shipping, insurance, and futures and options.
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