BGC Partners (BGCP) Getting Positive Press Coverage, Report Shows

Media stories about BGC Partners (NASDAQ:BGCP) have been trending positive on Sunday, Accern reports. The research firm ranks the sentiment of media coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. BGC Partners earned a media sentiment score of 0.29 on Accern’s scale. Accern also gave news coverage about the financial services provider an impact score of 46.4644842766294 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

Shares of BGC Partners (NASDAQ:BGCP) opened at $13.70 on Friday. BGC Partners has a fifty-two week low of $10.39 and a fifty-two week high of $16.97. The company has a debt-to-equity ratio of 2.97, a current ratio of 1.32 and a quick ratio of 1.31. The firm has a market capitalization of $3,950.00, a P/E ratio of 80.59 and a beta of 1.06.

BGC Partners (NASDAQ:BGCP) last released its quarterly earnings data on Friday, February 9th. The financial services provider reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.07. BGC Partners had a return on equity of 48.27% and a net margin of 0.05%. The business had revenue of $894.23 million during the quarter, compared to analysts’ expectations of $853.00 million. During the same quarter last year, the business posted $0.25 EPS. sell-side analysts forecast that BGC Partners will post 1.35 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 13th. Stockholders of record on Tuesday, February 27th will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 5.26%. The ex-dividend date of this dividend is Monday, February 26th. BGC Partners’s payout ratio is presently 423.53%.

Several equities research analysts have weighed in on BGCP shares. TheStreet cut BGC Partners from a “b” rating to a “c+” rating in a report on Monday, February 12th. BGC Financial upgraded BGC Partners from a “hold” rating to a “buy” rating in a report on Tuesday, February 13th. BidaskClub cut BGC Partners from a “strong-buy” rating to a “buy” rating in a report on Friday, December 15th. Finally, ValuEngine cut BGC Partners from a “strong-buy” rating to a “buy” rating in a report on Friday, December 1st. One research analyst has rated the stock with a sell rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $18.00.

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BGC Partners Company Profile

BGC Partners, Inc (BGC) is a global brokerage company servicing the financial and real estate markets. The Company operates through two segments: Financial Services and Real Estate Services. It provides a range of services, including trade execution, broker-dealer services clearing, trade compression, post trade, information, and other back-office services to a range of financial and non-financial institutions.

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