Belden (BDC) Given News Impact Score of 0.17
Media coverage about Belden (NYSE:BDC) has trended somewhat positive recently, Accern reports. The research group rates the sentiment of media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Belden earned a news sentiment score of 0.17 on Accern’s scale. Accern also assigned media stories about the industrial products company an impact score of 46.9923690342907 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Belden (BDC) remained flat at $$83.62 during trading hours on Tuesday. 143,800 shares of the stock traded hands, compared to its average volume of 292,038. Belden has a fifty-two week low of $64.60 and a fifty-two week high of $86.31. The stock has a market cap of $3,526.58, a PE ratio of 16.33 and a beta of 2.26. The company has a current ratio of 2.26, a quick ratio of 1.79 and a debt-to-equity ratio of 1.06.
Belden (NYSE:BDC) last announced its quarterly earnings data on Wednesday, November 1st. The industrial products company reported $1.49 EPS for the quarter, beating the consensus estimate of $1.41 by $0.08. The firm had revenue of $621.74 million for the quarter, compared to analyst estimates of $626.05 million. Belden had a return on equity of 17.52% and a net margin of 4.03%. The company’s revenue was up 3.4% on a year-over-year basis. During the same period in the prior year, the company earned $1.29 EPS. equities analysts forecast that Belden will post 5.52 earnings per share for the current year.
A number of research analysts have recently commented on the company. Deutsche Bank AG upped their price target on 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 raised Belden from a “hold” rating to a “buy” rating and set a $92.00 price objective on the stock in a report on Friday, November 3rd. Canaccord Genuity reissued a “buy” rating and set a $88.00 price objective (up previously from $83.00) on shares of Belden in a report on Wednesday, September 13th. Guggenheim reissued a “buy” rating and set a $90.00 price objective on shares of Belden in a report on Monday, September 25th. Finally, ValuEngine raised Belden from a “hold” rating to a “buy” rating in a report on Monday, September 11th. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Belden currently has an average rating of “Buy” and an average target price of $86.63.
In related news, SVP Paul Keith Turner sold 3,709 shares of the firm’s stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $78.91, for a total transaction of $292,677.19. Following the transaction, the senior vice president now directly owns 4,967 shares in the company, valued at approximately $391,945.97. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Chairman John S. Stroup sold 17,227 shares of the firm’s stock in a transaction that occurred on Monday, October 9th. The stock was sold at an average price of $84.75, for a total value of $1,459,988.25. The disclosure for this sale can be found here. Insiders have sold a total of 21,230 shares of company stock worth $1,775,189 over the last quarter. Corporate insiders own 1.31% of the company’s stock.
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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