News articles about Belden (NYSE:BDC) have been trending somewhat positive recently, Accern Sentiment reports. The research firm rates the sentiment of news 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 nearest to one being the most favorable. Belden earned a daily sentiment score of 0.16 on Accern’s scale. Accern also gave media stories about the industrial products company an impact score of 46.1702244209117 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Belden (NYSE:BDC) traded up $1.17 during trading hours on Friday, hitting $82.77. The stock had a trading volume of 214,840 shares, compared to its average volume of 330,950. Belden has a 52-week low of $64.60 and a 52-week high of $86.85. The company has a debt-to-equity ratio of 1.06, a current ratio of 2.26 and a quick ratio of 1.79. The firm has a market cap of $3,470.00, a PE ratio of 57.48 and a beta of 2.28.
Belden (NYSE:BDC) last posted its earnings results on Wednesday, November 1st. The industrial products company reported $1.49 EPS for the quarter, beating the Zacks’ 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 firm had revenue of $621.74 million for the quarter, compared to analysts’ expectations of $626.05 million. During the same period last year, the firm earned $1.29 EPS. The company’s quarterly revenue was up 3.4% on a year-over-year basis. equities research analysts expect that Belden will post 5.52 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, January 4th. Stockholders of record on Friday, December 15th were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.24%. The ex-dividend date was Thursday, December 14th. Belden’s dividend payout ratio (DPR) is presently 13.89%.
BDC has been the topic of several analyst reports. Zacks Investment Research raised Belden from a “hold” rating to a “buy” rating and set a $92.00 price target on the stock in a research report on Friday, November 3rd. TheStreet downgraded 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 Monday, September 25th. Canaccord Genuity reaffirmed a “buy” rating and set a $94.00 price target on shares of Belden in a research report on Friday, December 1st. Finally, Cross Research cut Belden from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Seven analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $89.50.
In other news, Chairman John S. Stroup sold 17,227 shares of the firm’s 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.31% of the stock is owned by company insiders.
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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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