Equities analysts expect that Belden (NYSE:BDC) will post earnings per share of $1.10 for the current quarter, according to Zacks. Five analysts have made estimates for Belden’s earnings. Belden reported earnings per share of $0.92 during the same quarter last year, which would indicate a positive year over year growth rate of 19.6%. The business is expected to announce its next quarterly earnings results before the market opens on Wednesday, May 2nd.
According to Zacks, analysts expect that Belden will report full year earnings of $6.09 per share for the current financial year, with EPS estimates ranging from $6.05 to $6.14. For the next financial year, analysts expect that the firm will post earnings of $6.50 per share, with EPS estimates ranging from $6.36 to $6.74. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that follow Belden.
Belden (NYSE:BDC) last released its quarterly earnings data on Thursday, February 1st. The industrial products company reported $1.62 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.77 by ($0.15). The business had revenue of $604.88 million during the quarter, compared to analyst estimates of $648.92 million. Belden had a return on equity of 18.20% and a net margin of 3.90%. The firm’s revenue was down 1.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.42 EPS.
A number of research firms have recently weighed in on BDC. Zacks Investment Research lowered shares of Belden from a “hold” rating to a “sell” rating in a research note on Tuesday, February 6th. Stifel Nicolaus reiterated a “buy” rating and issued a $90.00 price objective on shares of Belden in a research note on Friday, March 30th. ValuEngine lowered shares of Belden from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Cross Research upgraded shares of Belden from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Finally, SunTrust Banks upgraded shares of Belden from a “hold” rating to a “buy” rating in a research note on Monday, March 26th. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $91.83.
Shares of NYSE:BDC traded down $1.03 during midday trading on Friday, reaching $68.58. The company’s stock had a trading volume of 392,207 shares, compared to its average volume of 503,385. The firm has a market capitalization of $2,918.79, a P/E ratio of 12.82 and a beta of 2.35. Belden has a twelve month low of $64.51 and a twelve month high of $87.14. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.02 and a quick ratio of 1.58.
The company also recently declared a quarterly dividend, which was paid on Thursday, April 5th. Investors of record on Thursday, March 15th were given a dividend of $0.05 per share. The ex-dividend date was Wednesday, March 14th. This represents a $0.20 annualized dividend and a yield of 0.29%. Belden’s dividend payout ratio is presently 3.74%.
In related news, SVP Ross Rosenberg sold 779 shares of the firm’s stock in a transaction on Tuesday, February 27th. The shares were 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 $399,675. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 1.34% of the stock is currently owned by company insiders.
A number of hedge funds have recently added to or reduced their stakes in the stock. Delphi Management Inc. MA grew its position in Belden by 2.6% during the fourth quarter. Delphi Management Inc. MA now owns 26,405 shares of the industrial products company’s stock valued at $2,038,000 after buying an additional 669 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Belden by 41.2% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,462 shares of the industrial products company’s stock valued at $190,000 after buying an additional 718 shares during the period. New York State Common Retirement Fund grew its position in Belden by 0.7% during the third quarter. New York State Common Retirement Fund now owns 109,891 shares of the industrial products company’s stock valued at $8,850,000 after buying an additional 809 shares during the period. FDx Advisors Inc. grew its position in Belden by 22.8% during the fourth quarter. FDx Advisors Inc. now owns 4,654 shares of the industrial products company’s stock valued at $359,000 after buying an additional 863 shares during the period. Finally, California Public Employees Retirement System lifted its holdings in Belden by 1.1% during the third quarter. California Public Employees Retirement System now owns 84,642 shares of the industrial products company’s stock valued at $6,816,000 after purchasing an additional 942 shares in the last quarter.
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Belden Inc designs, manufactures, and markets signal transmission solutions worldwide. It operates through Broadcast Solutions, Enterprise Solutions, Industrial Solutions, and Network Solutions segments. The Broadcast Solutions segment offers camera solutions, production switchers, server and storage systems for instant replay applications, interfaces and routers, monitoring systems, in-home network systems, playout systems, outside plant connectivity products, and other cable, and connectivity products.
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