HC2 (NYSE:HCHC) Releases Earnings Results, Beats Expectations By $0.07 EPS

HC2 (NYSE:HCHC) released its quarterly earnings data on Tuesday. The technology company reported ($0.16) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.23) by $0.07, Fidelity Earnings reports. HC2 had a negative net margin of 0.61% and a negative return on equity of 5.76%. The business had revenue of $475.70 million for the quarter, compared to analysts’ expectations of $510.78 million.

Shares of HCHC traded up $0.06 during midday trading on Friday, hitting $2.32. The stock had a trading volume of 4,544 shares, compared to its average volume of 147,300. HC2 has a fifty-two week low of $1.90 and a fifty-two week high of $5.50. The business has a 50-day simple moving average of $2.29 and a two-hundred day simple moving average of $2.29. The firm has a market cap of $111.42 million, a P/E ratio of -2.83 and a beta of 1.48. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 1.92.

Several research firms have commented on HCHC. B. Riley set a $11.00 target price on shares of HC2 and gave the company a “buy” rating in a research note on Wednesday, July 31st. ValuEngine cut shares of HC2 from a “buy” rating to a “hold” rating in a research note on Wednesday, September 4th. Finally, Zacks Investment Research cut shares of HC2 from a “buy” rating to a “hold” rating in a research note on Thursday.

About HC2

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

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Earnings History for HC2 (NYSE:HCHC)

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