Belden (BDC) Receiving Somewhat Positive News Coverage, Analysis Shows
Media headlines about Belden (NYSE:BDC) have trended somewhat positive on Wednesday, according to Accern. Accern identifies positive and negative press coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Belden earned a media sentiment score of 0.14 on Accern’s scale. Accern also assigned media headlines about the industrial products company an impact score of 45.5299572884002 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the headlines that may have impacted Accern’s analysis:
- Belden Inc (BDC) Downgraded by Zacks Investment Research to Hold (americanbankingnews.com)
- IBD Rating Upgrades: Belden Shows Improved Technical Strength (finance.yahoo.com)
- ProSoft Technology Certified as a Great Place To Work (finance.yahoo.com)
- ETFs with exposure to Belden, Inc. : October 3, 2017 (finance.yahoo.com)
- Belden Inc. (BDC) performed 6.69% – Monthly upward Move – Street Observer (press release) (streetobserver.com)
Belden (NYSE BDC) opened at 83.58 on Wednesday. Belden has a 52 week low of $60.06 and a 52 week high of $83.69. The stock has a market cap of $3.54 billion, a P/E ratio of 36.34 and a beta of 2.26. The company has a 50-day moving average of $77.11 and a 200-day moving average of $73.27.
Belden (NYSE:BDC) last posted its earnings results on Wednesday, August 2nd. The industrial products company reported $1.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.21 by $0.08. The business had revenue of $610.63 million during the quarter, compared to analyst estimates of $608.16 million. Belden had a return on equity of 16.31% and a net margin of 5.53%. The company’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same quarter last year, the firm earned $1.54 earnings per share. On average, analysts predict that Belden will post $5.44 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 4th. Investors of record on Friday, September 15th will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.24%. The ex-dividend date is Thursday, September 14th. Belden’s dividend payout ratio (DPR) is presently 8.66%.
A number of equities research analysts have issued reports on the stock. Deutsche Bank AG increased their target price on shares of Belden from $85.00 to $92.00 and gave the stock a “buy” rating in a report on Thursday, August 3rd. Zacks Investment Research upgraded shares of Belden from a “hold” rating to a “strong-buy” rating and set a $86.00 price target for the company in a research note on Tuesday, July 11th. Canaccord Genuity restated a “buy” rating and issued a $88.00 price target (up previously from $83.00) on shares of Belden in a research note on Wednesday, September 13th. Guggenheim reaffirmed a “buy” rating and set a $90.00 price objective on shares of Belden in a research report on Monday, September 25th. Finally, ValuEngine lowered Belden from a “buy” rating to a “hold” rating in a research report on Thursday, July 20th. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $85.88.
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In other news, SVP Paul Keith Turner sold 3,709 shares of Belden stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $78.91, for a total transaction of $292,677.19. Following the sale, the senior vice president now owns 4,967 shares in the company, valued at $391,945.97. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.31% of the stock is owned by company insiders.
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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