BGC Partners (NASDAQ:BGCP) Issues Quarterly Earnings Results

BGC Partners (NASDAQ:BGCP) released its earnings results on Thursday. The financial services provider reported $0.15 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.15, MarketWatch Earnings reports. The company had revenue of $519.09 million during the quarter, compared to analyst estimates of $522.40 million. BGC Partners had a return on equity of 42.31% and a net margin of 1.06%. BGC Partners updated its Q3 2020
Pre-Market guidance to EPS.

Shares of BGCP stock opened at $2.77 on Friday. BGC Partners has a fifty-two week low of $2.07 and a fifty-two week high of $6.14. The stock’s 50-day moving average is $2.77 and its two-hundred day moving average is $3.59. The firm has a market cap of $990.37 million, a P/E ratio of 55.41 and a beta of 1.73.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Wednesday, August 19th will be given a dividend of $0.01 per share. The ex-dividend date is Tuesday, August 18th. This represents a $0.04 dividend on an annualized basis and a yield of 1.44%. BGC Partners’s payout ratio is 6.56%.

Several research analysts recently weighed in on BGCP shares. ValuEngine raised BGC Partners from a “strong sell” rating to a “sell” rating in a research report on Thursday, July 2nd. BidaskClub lowered shares of BGC Partners from a “sell” rating to a “strong sell” rating in a research report on Friday, July 3rd. Finally, Zacks Investment Research cut shares of BGC Partners from a “hold” rating to a “sell” rating in a report on Tuesday, July 7th.

About BGC Partners

BGC Partners, Inc operates as a brokerage and financial technology company worldwide. It offers various brokerage products, such as fixed income, foreign exchange, equities, energy and commodities, insurance, and futures. The company also provides other services that include trade execution, broker dealer, clearing, trade compression, post-trade, information, and other back office services to financial and non-financial institutions.

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Earnings History for BGC Partners (NASDAQ:BGCP)

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