Belden (BDC) Getting Somewhat Positive Media Coverage, Report Finds
Media headlines about Belden (NYSE:BDC) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research firm identifies positive and negative press coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Belden earned a media sentiment score of 0.13 on Accern’s scale. Accern also gave news articles about the industrial products company an impact score of 47.79731680238 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
These are some of the news articles that may have impacted Accern Sentiment Analysis’s scoring:
- Head to Head Analysis: Belden (BDC) and Its Rivals (americanbankingnews.com)
- Zacks: Brokerages Expect Belden Inc. (BDC) Will Post Quarterly Sales of $645.75 Million (americanbankingnews.com)
- Analysts Expect Belden Inc (BDC) to Post $1.76 Earnings Per Share (americanbankingnews.com)
- Earnings Review and Free Research Report: Franklin Electric’s Sales Surged 30%; Adjusted EPS Advanced 10% (finance.yahoo.com)
Several analysts have recently weighed in on BDC shares. Deutsche Bank AG raised their price objective on shares of Belden from $85.00 to $92.00 and gave the company a “buy” rating in a research report on Thursday, August 3rd. Zacks Investment Research upgraded shares of Belden from a “hold” rating to a “buy” rating and set a $92.00 price objective on the stock in a research report on Friday, November 3rd. Canaccord Genuity restated a “buy” rating and set a $88.00 price objective (up previously from $83.00) on shares of Belden in a research report on Wednesday, September 13th. Guggenheim restated a “buy” rating and set a $90.00 price objective on shares of Belden in a research report on Monday, September 25th. Finally, ValuEngine cut shares of Belden from a “buy” rating to a “hold” rating in a research report on Thursday, July 20th. Five research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $86.63.
Belden (BDC) opened at $82.46 on Thursday. The company has a market cap of $3,467.96, a price-to-earnings ratio of 16.06 and a beta of 2.26. Belden has a 52-week low of $64.60 and a 52-week high of $86.31. The company has a debt-to-equity ratio of 1.06, a current ratio of 2.26 and a quick ratio of 1.79.
Belden (NYSE:BDC) last issued its earnings results on Wednesday, November 1st. The industrial products company reported $1.49 EPS for the quarter, topping analysts’ consensus estimates of $1.41 by $0.08. The company had revenue of $621.74 million for the quarter, compared to analysts’ expectations of $626.05 million. Belden had a net margin of 4.03% and a return on equity of 17.52%. The firm’s revenue was up 3.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.29 EPS. analysts forecast that Belden will post 5.52 earnings per share for the current year.
In other Belden news, Chairman John S. Stroup sold 17,227 shares of the business’s stock in a transaction dated Monday, October 9th. The shares were sold at an average price of $84.75, for a total value of $1,459,988.25. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Paul Keith Turner sold 3,709 shares of the business’s stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $78.91, for a total transaction of $292,677.19. Following the completion of the transaction, the senior vice president now owns 4,967 shares in the company, valued at approximately $391,945.97. The disclosure for this sale can be found here. In the last quarter, insiders sold 21,230 shares of company stock worth $1,775,189. 1.31% of the stock is owned by corporate insiders.
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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