BGC Partners (NASDAQ:BGCP) will be issuing its Q2 2013 quarterly earnings data before the market opens on Thursday, August 01st. Parties interested in participating in the company’s conference call can do so using this link.
BGC Partners (NASDAQ:BGCP) last issued its quarterly earnings data on Thursday, May 2nd. The company reported $0.12 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.12. The company had revenue of $449.80 million for the quarter, compared to the consensus estimate of $440.66 million. During the same quarter in the prior year, the company posted $0.19 earnings per share. The company’s quarterly revenue was up 11.4% on a year-over-year basis. On average, analysts expect BGC Partners to post $0.51 EPS for the current fiscal year and $0.65 EPS for the next fiscal year.
BGC Partners (NASDAQ:BGCP) opened at 6.25 on Wednesday. BGC Partners has a 52-week low of $3.11 and a 52-week high of $6.53. The stock’s 50-day moving average is currently $6.07. The company has a market cap of $1.050 billion and a price-to-earnings ratio of 43.09.
BGCP has been the subject of a number of recent research reports. Analysts at Keefe, Bruyette & Woods raised their price target on shares of BGC Partners from $6.50 to $7.00 in a research note to investors on Tuesday, July 16th. They now have a “market perform” rating on the stock. Analysts at Raymond James downgraded shares of BGC Partners from a “strong-buy” rating to an “outperform” rating in a research note to investors on Friday, May 31st. They now have a $7.00 price target on the stock.
BGC Partners, Inc (NASDAQ:BGCP) is a global brokerage company primarily servicing the wholesale financial markets, specializing in the brokering of a range of products, including fixed income securities, interest rate swaps, foreign exchange, equities, equity derivatives, credit derivatives, commercial real estate, property derivatives, commodities, futures and structured products.
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