Belden Inc. (BDC) Expected to Post Earnings of $1.10 Per Share
Equities research analysts forecast that Belden Inc. (NYSE:BDC) will report earnings of $1.10 per share for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for Belden’s earnings, with the highest EPS estimate coming in at $1.10 and the lowest estimate coming in at $1.08. Belden posted earnings of $0.92 per share during the same quarter last year, which suggests a positive year over year growth rate of 19.6%. The company is expected to report its next quarterly earnings results on Wednesday, May 2nd.
According to Zacks, analysts expect that Belden will report full-year earnings of $6.09 per share for the current fiscal year, with EPS estimates ranging from $6.05 to $6.12. For the next financial year, analysts expect that the business will report earnings of $6.52 per share, with EPS estimates ranging from $6.40 to $6.74. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Belden.
Belden (NYSE:BDC) last posted its earnings results on Thursday, February 1st. The industrial products company reported $1.62 earnings per share for the quarter, missing analysts’ consensus estimates of $1.77 by ($0.15). The business had revenue of $604.88 million for the quarter, compared to analyst estimates of $648.92 million. Belden had a return on equity of 18.20% and a net margin of 3.90%. The firm’s revenue was down 1.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.42 earnings per share.
Belden (BDC) traded down $0.84 during mid-day trading on Friday, hitting $76.37. The company had a trading volume of 55,494 shares, compared to its average volume of 356,124. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.02 and a quick ratio of 1.58. The firm has a market cap of $3,272.68, a price-to-earnings ratio of 56.39 and a beta of 2.34. Belden has a 1-year low of $64.60 and a 1-year high of $87.14.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 5th. Shareholders of record on Thursday, March 15th will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.26%. The ex-dividend date of this dividend is Wednesday, March 14th. Belden’s dividend payout ratio is 14.60%.
In other Belden news, SVP Ross Rosenberg sold 779 shares of the company’s stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $75.00, for a total value of $58,425.00. Following the transaction, the senior vice president now directly owns 5,329 shares of the company’s stock, valued at approximately $399,675. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.31% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Belden by 41.2% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,462 shares of the industrial products company’s stock worth $190,000 after purchasing an additional 718 shares in the last quarter. Amundi Pioneer Asset Management Inc. acquired a new stake in shares of Belden during the 4th quarter worth $197,000. Zeke Capital Advisors LLC acquired a new stake in shares of Belden during the 4th quarter worth $202,000. Ladenburg Thalmann Financial Services Inc. grew its holdings in shares of Belden by 550.4% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,634 shares of the industrial products company’s stock worth $212,000 after purchasing an additional 2,229 shares in the last quarter. Finally, OxFORD Asset Management LLP acquired a new stake in shares of Belden during the 3rd quarter worth $224,000.
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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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