Belden (BDC) Projected to Post Earnings on Thursday

Belden (NYSE:BDC) is expected to announce its earnings results before the market opens on Thursday, February 6th. Analysts expect the company to announce earnings of $1.68 per share and revenue of $654.76 million for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

Belden Stock Performance

NYSE BDC opened at $113.41 on Tuesday. The business’s 50-day moving average price is $117.80 and its 200 day moving average price is $112.54. The company has a current ratio of 2.07, a quick ratio of 1.43 and a debt-to-equity ratio of 0.99. Belden has a twelve month low of $72.91 and a twelve month high of $131.82. The company has a market capitalization of $4.57 billion, a PE ratio of 26.37 and a beta of 1.08.

Belden Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, December 12th were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Thursday, December 12th. This represents a $0.20 annualized dividend and a dividend yield of 0.18%. Belden’s payout ratio is currently 4.65%.

Analysts Set New Price Targets

BDC has been the subject of several research analyst reports. Benchmark reaffirmed a “buy” rating and set a $130.00 price target on shares of Belden in a research report on Friday, January 24th. StockNews.com lowered Belden from a “strong-buy” rating to a “buy” rating in a research report on Sunday. Finally, Truist Financial boosted their price target on Belden from $124.00 to $136.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Five investment analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $122.75.

Insiders Place Their Bets

In other news, CAO Doug Zink sold 3,000 shares of Belden stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $128.82, for a total transaction of $386,460.00. Following the transaction, the chief accounting officer now directly owns 6,643 shares in the company, valued at approximately $855,751.26. This trade represents a 31.11 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.59% of the stock is owned by insiders.

About Belden

Belden Inc designs, manufactures, and markets a portfolio of signal transmission solutions for mission critical applications in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. It operates in two segments, Enterprise Solutions and Industrial Automation Solutions. The Enterprise Solutions segment offers copper cable and connectivity solutions, fiber cable and connectivity solutions, interconnect panels, racks and enclosures, and signal extension and matrix switching systems for use in applications, such as local area networks, data centers, access control, 5G, fiber to the home, and building automation.