Higher returns are on the horizon for these companies that currently have a low PE Ratio: The Western Union Company (NYSE:WU), Corning Incorporated (NYSE:GLW), General Cable Corporation (NYSE:BGC). The PE Ratio stands for the Forward Price to Earnings Ratio. A Forward PE Ratio refers to the current stock’s price over and above its expected price per share. Higher returns ahead are expected when the current P/E is more than the forward P/E. Of course, these earnings are simply estimates.
For The Western Union Company (NYSE: WU), it recently closed with a market price of $20.39. Its price for one-year target was $19.95. The amount of $10.53 billion is its market cap. The stock currently is up +0.30% and trading is at 13.03 times forward earning estimates, which is quite low. It has a long downtrend currently, which has been down since July 2, 2015.
Corning Incorporated (NYSE:GLW) is trading at just 12.35 times its forward earnings projections. It is lower than the high of -20.47%. The range of a 52-week period is $16.77 – $24.90. Over the last 12 months, it is down -8.50%. As for market cap, that is $24.92 billion. Its Forward Price to Earnings Ratio is 11.12. Its shares trading price was recently $19.80. It has a strong downtrend currently, which has been down since April 8, 2015.
Compared to their 50-day moving average, shares at General Cable Corporation (NYSE:BGC) presently trade at +4.87%. That is +26.02% over their 200-day moving average. At recent closing, the stock was priced at $19.65; its one-year target is $20.17. Over the last 12 months, it is down -20.28%. Trading is at 11.95 times forward earnings. Forcasted earnings can either be for the next 12 months or for the upcoming fiscal period (a complete fiscal year). The Forward Price to Earnings Ratio is not as reliable as current earnings data.