Belden (NYSE:BDC) issued an update on its fourth quarter earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $1.00-1.15 for the period, compared to the Thomson Reuters consensus estimate of $1.08. The company issued revenue guidance of $510-530 million, compared to the consensus revenue estimate of $520.75 million.Belden also updated its FY 2019
Pre-Market guidance to 4.32-4.47 EPS.

NYSE:BDC opened at $53.32 on Thursday. The firm’s fifty day simple moving average is $53.45 and its 200-day simple moving average is $52.45. The company has a quick ratio of 1.44, a current ratio of 1.94 and a debt-to-equity ratio of 1.29. The stock has a market cap of $2.44 billion, a PE ratio of 8.80 and a beta of 2.36. Belden has a fifty-two week low of $37.79 and a fifty-two week high of $64.33.

Belden (NYSE:BDC) last issued its earnings results on Wednesday, October 30th. The industrial products company reported $1.18 earnings per share for the quarter, missing the consensus estimate of $1.41 by ($0.23). Belden had a positive return on equity of 18.09% and a negative net margin of 7.44%. The company had revenue of $620.32 million for the quarter, compared to analyst estimates of $632.68 million. During the same quarter in the previous year, the company posted $1.72 earnings per share. The company’s quarterly revenue was down 5.4% compared to the same quarter last year. Equities analysts anticipate that Belden will post 4.41 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 7th. Stockholders of record on Thursday, December 19th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.38%. The ex-dividend date is Wednesday, December 18th. Belden’s dividend payout ratio (DPR) is 3.30%.

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

In other news, insider Biddle Neil bought 1,000,000 shares of the stock in a transaction on Friday, October 11th. The stock was purchased at an average cost of $0.10 per share, with a total value of $96,000.00. In the last 90 days, insiders have purchased 1,556,961 shares of company stock worth $150,668. 1.52% of the stock is owned by company insiders.

Belden Company Profile

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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