Q1 2018 Earnings Forecast for HC2 Holdings Inc (HCHC) Issued By B. Riley

HC2 Holdings Inc (NASDAQ:HCHC) – Investment analysts at B. Riley issued their Q1 2018 earnings estimates for shares of HC2 Holdings in a report released on Thursday. B. Riley analyst S. Sherbetchyan expects that the technology company will earn ($0.28) per share for the quarter. B. Riley has a “Buy” rating and a $11.50 price objective on the stock. B. Riley also issued estimates for HC2 Holdings’ Q2 2018 earnings at ($0.18) EPS, Q3 2018 earnings at ($0.19) EPS, Q4 2018 earnings at ($0.12) EPS and FY2018 earnings at ($0.76) EPS.

Separately, Zacks Investment Research upgraded HC2 Holdings from a “sell” rating to a “hold” rating in a research note on Wednesday, October 11th.

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Shares of HC2 Holdings (NASDAQ HCHC) opened at $5.04 on Friday. HC2 Holdings has a 52 week low of $4.22 and a 52 week high of $7.27.

HC2 Holdings (NASDAQ:HCHC) last posted its quarterly earnings results on Wednesday, November 8th. The technology company reported ($0.16) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.09) by ($0.07). The business had revenue of $406.40 million during the quarter, compared to the consensus estimate of $428.04 million. During the same quarter in the previous year, the company posted ($0.20) EPS. HC2 Holdings’s quarterly revenue was down 1.6% compared to the same quarter last year.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Wells Fargo & Company MN increased its position in shares of HC2 Holdings by 48.6% during the third quarter. Wells Fargo & Company MN now owns 58,523 shares of the technology company’s stock worth $309,000 after purchasing an additional 19,148 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of HC2 Holdings by 51.2% during the third quarter. JPMorgan Chase & Co. now owns 1,574,500 shares of the technology company’s stock worth $8,455,000 after purchasing an additional 533,100 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of HC2 Holdings by 8.9% during the third quarter. Bank of New York Mellon Corp now owns 147,790 shares of the technology company’s stock worth $780,000 after purchasing an additional 12,032 shares in the last quarter. Benefit Street Partners LLC increased its position in shares of HC2 Holdings by 28.7% during the second quarter. Benefit Street Partners LLC now owns 787,821 shares of the technology company’s stock worth $4,632,000 after purchasing an additional 175,752 shares in the last quarter. Finally, California State Teachers Retirement System increased its position in shares of HC2 Holdings by 7.4% during the second quarter. California State Teachers Retirement System now owns 72,211 shares of the technology company’s stock worth $425,000 after purchasing an additional 5,000 shares in the last quarter.

About HC2 Holdings

HC2 Holdings, Inc engages in construction, marine services, insurance, telecommunications, energy, life sciences, and other businesses in the United States, the United Kingdom, and internationally. The company fabricates and erects structural steel for commercial and industrial construction projects, such as buildings and office complexes, hotels and casinos, convention centers, sports arenas and stadiums, shopping malls, hospitals, dams, bridges, mines, and power plants.

Earnings History and Estimates for HC2 Holdings (NASDAQ:HCHC)

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