Belden (NYSE:BDC) updated its fourth quarter 2019
Pre-Market earnings guidance on Tuesday. The company provided earnings per share guidance of 1.00-1.15 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.94. The company issued revenue guidance of $510-530 million, compared to the consensus revenue estimate of $496.58 million.Belden also updated its FY 2019
Pre-Market guidance to 4.32-4.47 EPS.

A number of analysts recently weighed in on the stock. ValuEngine raised shares of Belden from a strong sell rating to a sell rating in a research report on Thursday, November 7th. Zacks Investment Research downgraded Belden from a hold rating to a strong sell rating in a report on Wednesday, November 6th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. Belden presently has an average rating of Hold and an average target price of $60.18.

Belden stock opened at $53.47 on Tuesday. The firm has a market capitalization of $2.44 billion, a PE ratio of 8.82 and a beta of 2.36. Belden has a one year low of $37.79 and a one year high of $64.33. The stock’s 50 day moving average price is $53.43 and its 200 day moving average price is $52.51. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.44 and a current ratio of 1.94.

Belden (NYSE:BDC) last issued its quarterly earnings data on Wednesday, October 30th. The industrial products company reported $1.18 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.41 by ($0.23). The firm had revenue of $620.32 million during the quarter, compared to analyst estimates of $632.68 million. Belden had a negative net margin of 7.44% and a positive return on equity of 18.09%. The firm’s revenue was down 5.4% compared to the same quarter last year. During the same period last year, the business earned $1.72 EPS. On average, analysts forecast that Belden will post 4.41 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 7th. Stockholders of record on Thursday, December 19th will be paid a $0.05 dividend. The ex-dividend date is Wednesday, December 18th. This represents a $0.20 annualized dividend and a dividend yield of 0.37%. Belden’s dividend payout ratio (DPR) is presently 3.30%.

In other news, insider Biddle Neil purchased 1,000,000 shares of the stock in a transaction that occurred on Friday, October 11th. The stock was acquired at an average cost of $0.10 per share, with a total value of $96,000.00. Insiders bought 1,556,961 shares of company stock valued at $150,668 over the last 90 days. Insiders own 1.52% of the company’s stock.

About Belden

Belden Inc operates as a signal transmission solutions company in the United States and internationally. The company operates in two segments, Enterprise Solutions and Industrial Solutions segments. The Enterprise Solutions segment offers copper cable and connectivity solutions, fiber cable and connectivity solutions, and racks and enclosures for use in applications, such as local area networks, data centers, access control, and building automation, as well as live production and performance, video display and digital signage, and corporate communications.

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Earnings History and Estimates for Belden (NYSE:BDC)

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