Belden (BDC) Receiving Somewhat Positive Media Coverage, Report Shows
Headlines about Belden (NYSE:BDC) have been trending somewhat positive on Monday, according to Accern. Accern ranks the sentiment of press coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Belden earned a coverage optimism score of 0.11 on Accern’s scale. Accern also gave media stories about the industrial products company an impact score of 46.8300033331425 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the media stories that may have impacted Accern’s analysis:
- Do Analysts See Any Upside to Belden Inc (NYSE:BDC)? – Evergreen Caller (evergreencaller.com)
- Ripe for A Big Move? Updates on Belden Inc. (NYSE:BDC), Stamps.com Inc. (NASDAQ:STMP) – FLBC News (flbcnews.com)
- Belden Inc (BDC) CMF Pushes Into Positive Territory – Evergreen Caller (evergreencaller.com)
- Needle Tilting Mid-Session For Belden Inc (BDC) – Stock Press Daily (stockpressdaily.com)
- Chartists Placing Belden Inc (BDC) on Their Radar – Stock Press Daily (stockpressdaily.com)
Belden (NYSE BDC) opened at 78.12 on Monday. The firm’s 50-day moving average is $73.81 and its 200 day moving average is $72.12. Belden has a one year low of $60.06 and a one year high of $81.33. The stock has a market cap of $3.30 billion, a P/E ratio of 33.97 and a beta of 2.27.
Belden (NYSE:BDC) last issued its quarterly earnings data on Wednesday, August 2nd. The industrial products company reported $1.29 EPS for the quarter, topping analysts’ consensus estimates of $1.21 by $0.08. The business had revenue of $610.63 million for the quarter, compared to analysts’ expectations of $608.16 million. Belden had a net margin of 5.53% and a return on equity of 16.31%. The business’s revenue was up 1.5% on a year-over-year basis. During the same quarter last year, the company earned $1.54 EPS. On average, analysts anticipate that Belden will post $5.44 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 4th. Stockholders of record on Friday, September 15th will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.26%. Belden’s payout ratio is 8.66%.
Belden announced that its Board of Directors has approved a share repurchase program on Thursday, May 25th that permits the company to buyback $200.00 million in outstanding shares. This buyback authorization permits the industrial products company to reacquire up to 6.8% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its shares are undervalued.
BDC has been the subject of several recent research reports. Guggenheim initiated coverage on shares of Belden in a research report on Tuesday, July 11th. They set a “buy” rating and a $90.00 target price for the company. Goldman Sachs Group, Inc. (The) initiated coverage on shares of Belden in a research report on Friday, June 23rd. They set a “buy” rating and a $93.00 target price for the company. ValuEngine lowered shares of Belden from a “buy” rating to a “hold” rating in a research report on Thursday, July 20th. CL King initiated coverage on shares of Belden in a research report on Wednesday, June 21st. They set a “neutral” rating for the company. Finally, Zacks Investment Research upgraded shares of Belden from a “hold” rating to a “strong-buy” rating and set a $86.00 target price for the company in a research report on Tuesday, July 11th. Six research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $84.56.
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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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