Zacks: Brokerages Anticipate BGC Partners, Inc. (NASDAQ:BGCP) to Post $0.17 EPS

Analysts forecast that BGC Partners, Inc. (NASDAQ:BGCPGet Rating) will report earnings per share (EPS) of $0.17 for the current quarter, Zacks reports. Two analysts have issued estimates for BGC Partners’ earnings, with estimates ranging from $0.16 to $0.17. BGC Partners reported earnings per share of $0.16 in the same quarter last year, which would suggest a positive year-over-year growth rate of 6.3%. The company is scheduled to issue its next earnings results on Monday, January 1st.

On average, analysts expect that BGC Partners will report full year earnings of $0.70 per share for the current year, with EPS estimates ranging from $0.66 to $0.73. For the next financial year, analysts forecast that the company will report earnings of $0.80 per share, with EPS estimates ranging from $0.75 to $0.85. Zacks’ EPS calculations are a mean average based on a survey of research firms that cover BGC Partners.

BGC Partners (NASDAQ:BGCPGet Rating) last released its earnings results on Monday, May 2nd. The financial services provider reported $0.21 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.21. BGC Partners had a return on equity of 49.15% and a net margin of 5.59%. During the same period in the previous year, the firm earned $0.18 EPS.

A number of analysts have recently commented on the company. Zacks Investment Research lowered BGC Partners from a “hold” rating to a “sell” rating in a research note on Wednesday, May 4th. Credit Suisse Group initiated coverage on BGC Partners in a research note on Tuesday, February 15th. They set an “outperform” rating and a $7.00 price target on the stock. Finally, StockNews.com raised BGC Partners from a “hold” rating to a “buy” rating in a research note on Thursday.

BGC Partners stock traded up $0.10 during midday trading on Friday, reaching $3.25. The company’s stock had a trading volume of 2,442,088 shares, compared to its average volume of 2,263,485. The business has a 50-day moving average price of $4.02 and a 200-day moving average price of $4.41. BGC Partners has a 52 week low of $3.06 and a 52 week high of $6.51. The stock has a market cap of $1.19 billion, a PE ratio of 11.21 and a beta of 1.67. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 1.43.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 2nd. Investors of record on Thursday, May 19th will be paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date is Wednesday, May 18th. BGC Partners’s dividend payout ratio is currently 13.79%.

Institutional investors have recently bought and sold shares of the stock. First Trust Advisors LP bought a new stake in BGC Partners in the first quarter worth approximately $6,086,000. SG Americas Securities LLC increased its holdings 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 purchasing an additional 30,310 shares in the last quarter. Swiss National Bank increased its holdings in 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 purchasing an additional 32,400 shares in the last quarter. Mackenzie Financial Corp increased its holdings in BGC Partners by 70.3% in the third quarter. Mackenzie Financial Corp now owns 19,419 shares of the financial services provider’s stock worth $101,000 after purchasing an additional 8,015 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System increased its holdings in BGC Partners by 8.1% in the third quarter. State Board of Administration of Florida Retirement System now owns 426,624 shares of the financial services provider’s stock worth $2,223,000 after purchasing an additional 32,123 shares in the last quarter. 54.77% of the stock is currently owned by institutional investors.

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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Earnings History and Estimates for BGC Partners (NASDAQ:BGCP)

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