Wall Street brokerages expect Belden Inc. (NYSE:BDC) to post earnings per share of $1.10 for the current quarter, according to Zacks Investment Research. Five analysts have issued estimates for Belden’s earnings. The highest EPS estimate is $1.10 and the lowest is $1.08. Belden reported earnings of $0.92 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 19.6%. The firm is scheduled to announce its next quarterly earnings report on Wednesday, May 2nd.
According to Zacks, analysts expect that Belden will report full year earnings of $6.09 per share for the current year, with EPS estimates ranging from $6.05 to $6.12. For the next year, analysts expect that the company will post earnings of $6.52 per share, with EPS estimates ranging from $6.40 to $6.74. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that follow Belden.
Belden (NYSE:BDC) last posted its quarterly earnings data on Thursday, February 1st. The industrial products company reported $1.62 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.77 by ($0.15). The firm had revenue of $604.88 million during the quarter, compared to analysts’ expectations of $648.92 million. Belden had a net margin of 3.90% and a return on equity of 18.20%. Belden’s quarterly revenue was down 1.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.42 EPS.
Several equities research analysts recently issued reports on the company. Zacks Investment Research downgraded Belden from a “hold” rating to a “sell” rating in a report on Tuesday, February 6th. Cross Research upgraded Belden from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. ValuEngine downgraded Belden from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Guggenheim reiterated a “buy” rating and issued a $90.00 price objective on shares of Belden in a report on Wednesday, December 6th. Finally, Stifel Nicolaus boosted their price objective on Belden from $90.00 to $97.00 and gave the company an “in-line” rating in a report on Wednesday, December 6th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $93.00.
In other Belden news, SVP Ross Rosenberg sold 779 shares of the company’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $75.00, for a total transaction of $58,425.00. Following the sale, the senior vice president now owns 5,329 shares in the company, valued at approximately $399,675. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.31% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of BDC. Boston Partners increased its holdings in Belden by 26.4% during the 4th quarter. Boston Partners now owns 2,861,363 shares of the industrial products company’s stock worth $220,811,000 after purchasing an additional 597,026 shares during the period. Janus Henderson Group PLC increased its holdings in Belden by 3.6% during the 3rd quarter. Janus Henderson Group PLC now owns 5,072,653 shares of the industrial products company’s stock worth $408,501,000 after purchasing an additional 174,365 shares during the period. Goldman Sachs Group Inc. increased its holdings in Belden by 90.2% during the 4th quarter. Goldman Sachs Group Inc. now owns 268,359 shares of the industrial products company’s stock worth $20,709,000 after purchasing an additional 127,291 shares during the period. Rothschild Asset Management Inc. purchased a new stake in Belden during the 3rd quarter worth about $9,356,000. Finally, BlackRock Inc. increased its holdings in Belden by 1.7% during the 4th quarter. BlackRock Inc. now owns 4,412,840 shares of the industrial products company’s stock worth $340,539,000 after purchasing an additional 75,608 shares during the period.
Shares of Belden (BDC) opened at $77.74 on Friday. The company has a quick ratio of 1.58, a current ratio of 2.02 and a debt-to-equity ratio of 1.09. The stock has a market capitalization of $3,259.72, a price-to-earnings ratio of 56.74 and a beta of 2.34. Belden has a 1-year low of $64.60 and a 1-year high of $87.14.
The business also recently declared a quarterly dividend, which will be paid on Thursday, April 5th. Shareholders of record on Thursday, March 15th will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Wednesday, March 14th. This represents a $0.20 annualized dividend and a yield of 0.26%. Belden’s dividend payout ratio (DPR) is 14.60%.
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Belden Company Profile
Belden Inc is a signal transmission solutions provider company. The Company operates through five segment: Broadcast Solutions (Broadcast), Enterprise Connectivity Solutions (Enterprise), Industrial Connectivity Solutions (Industrial Connectivity), Industrial IT Solutions (Industrial IT), and Network Security Solutions (Network Security).
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