Equities Analysts Set Expectations for Belden Inc’s Q1 2018 Earnings (BDC)
Belden Inc (NYSE:BDC) – Stock analysts at SunTrust Banks dropped their Q1 2018 earnings per share (EPS) estimates for Belden in a research report issued to clients and investors on Wednesday. SunTrust Banks analyst W. Stein now forecasts that the industrial products company will earn $1.03 per share for the quarter, down from their prior forecast of $1.09. SunTrust Banks also issued estimates for Belden’s Q2 2018 earnings at $1.20 EPS, Q4 2018 earnings at $1.90 EPS and FY2018 earnings at $6.08 EPS.
BDC has been the subject of several other reports. Stifel Nicolaus upped their price target on shares of Belden from $90.00 to $97.00 and gave the stock an “in-line” rating in a research report on Wednesday. TheStreet cut shares of Belden from a “b” rating to a “c+” rating in a research report on Wednesday, November 1st. Guggenheim reaffirmed a “buy” rating and set a $90.00 price target on shares of Belden in a research report on Wednesday. BidaskClub raised shares of Belden from a “sell” rating to a “hold” rating in a research report on Saturday, August 26th. Finally, ValuEngine raised shares of Belden from a “hold” rating to a “buy” rating in a research report on Monday, September 11th. Seven research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $89.50.
Belden (NYSE:BDC) last announced its quarterly earnings results on Wednesday, November 1st. The industrial products company reported $1.49 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.41 by $0.08. Belden had a return on equity of 17.52% and a net margin of 4.03%. The business had revenue of $621.74 million for the quarter, compared to analyst estimates of $626.05 million. During the same quarter in the previous year, the company earned $1.29 EPS. The company’s quarterly revenue was up 3.4% on a year-over-year basis.
The business also recently announced a quarterly dividend, which will be paid on Thursday, January 4th. Stockholders of record on Friday, December 15th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.24%. Belden’s dividend payout ratio (DPR) is presently 13.79%.
In related news, SVP Paul Keith Turner sold 3,709 shares of the 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 sale, the senior vice president now owns 4,967 shares in the company, valued at $391,945.97. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman John S. Stroup sold 17,227 shares of the stock in a transaction dated Monday, October 9th. The stock was sold at an average price of $84.75, for a total transaction of $1,459,988.25. The disclosure for this sale can be found here. 1.31% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Belden by 10.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,744 shares of the industrial products company’s stock valued at $132,000 after purchasing an additional 160 shares during the period. World Asset Management Inc acquired a new stake in shares of Belden in the second quarter valued at approximately $201,000. Ladenburg Thalmann Financial Services Inc. increased its stake in shares of Belden by 550.4% in the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,634 shares of the industrial products company’s stock valued at $212,000 after purchasing an additional 2,229 shares during the period. Riverhead Capital Management LLC increased its stake in shares of Belden by 70.4% in the second quarter. Riverhead Capital Management LLC now owns 2,897 shares of the industrial products company’s stock valued at $218,000 after purchasing an additional 1,197 shares during the period. Finally, OxFORD Asset Management LLP acquired a new stake in shares of Belden in the third quarter valued at approximately $224,000.
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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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