Houston Wire & Cable (NASDAQ:HWCC) Announces Quarterly Earnings Results

Houston Wire & Cable (NASDAQ:HWCC) released its quarterly earnings data on Thursday. The industrial products company reported $0.10 earnings per share (EPS) for the quarter, Bloomberg Earnings reports. Houston Wire & Cable had a net margin of 2.51% and a return on equity of 9.04%. The firm had revenue of $85.33 million during the quarter.

Shares of HWCC traded up $0.41 during trading on Friday, reaching $4.76. 62,262 shares of the company traded hands, compared to its average volume of 56,621. Houston Wire & Cable has a twelve month low of $4.30 and a twelve month high of $8.85. The firm has a market cap of $72.26 million, a PE ratio of 7.91 and a beta of 1.56. The business’s 50-day moving average is $4.96. The company has a debt-to-equity ratio of 0.85, a quick ratio of 2.65 and a current ratio of 6.69.

In related news, Director G Gary Yetman purchased 7,015 shares of the company’s stock in a transaction on Friday, May 24th. The stock was acquired at an average cost of $5.46 per share, for a total transaction of $38,301.90. Following the completion of the transaction, the director now directly owns 12,139 shares in the company, valued at $66,278.94. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Over the last quarter, insiders have acquired 10,788 shares of company stock valued at $58,033. Company insiders own 6.20% of the company’s stock.

About Houston Wire & Cable

Houston Wire & Cable Company, through its subsidiaries, sells electrical and mechanical wire and cable, industrial fasteners, hardware, and related services in the United States. It offers wire and cable products, including continuous and interlocked armor cables; control and power cables; electronic wires and cables; flexible and portable cords; instrumentation and thermocouple cables; lead and high temperature cables; medium voltage cables; and premise and category wires and cables, primary and secondary aluminum distribution cables, and steel wire ropes and wire rope slings, as well as synthetic fiber rope slings, chains, shackles, and other related hardware and corrosion resistant products.

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Earnings History for Houston Wire & Cable (NASDAQ:HWCC)

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