Belden (NYSE:BDC) is scheduled to issue its quarterly earnings data before the market opens on Wednesday, October 28th. Analysts expect the company to announce earnings of $0.58 per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.
Belden (NYSE:BDC) last posted its quarterly earnings results on Wednesday, July 29th. The industrial products company reported $0.46 EPS for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.19. The business had revenue of $424.80 million for the quarter, compared to analysts’ expectations of $410.19 million. Belden had a positive return on equity of 16.39% and a negative net margin of 25.43%. The business’s quarterly revenue was down 33.4% on a year-over-year basis. During the same period last year, the firm earned $1.39 earnings per share. On average, analysts expect Belden to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.
NYSE:BDC opened at $33.94 on Tuesday. The company has a quick ratio of 1.76, a current ratio of 2.21 and a debt-to-equity ratio of 1.85. The business’s 50-day simple moving average is $32.48 and its two-hundred day simple moving average is $33.15. The stock has a market cap of $1.51 billion, a PE ratio of -2.90 and a beta of 1.72. Belden has a 52 week low of $25.54 and a 52 week high of $56.94.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 6th. Shareholders of record on Friday, September 18th were issued a dividend of $0.05 per share. The ex-dividend date was Thursday, September 17th. This represents a $0.20 dividend on an annualized basis and a yield of 0.59%. Belden’s dividend payout ratio is presently 4.42%.
BDC has been the topic of a number of recent analyst reports. ValuEngine raised Belden from a “sell” rating to a “hold” rating in a report on Friday. JPMorgan Chase & Co. reduced their target price on Belden from $40.00 to $37.00 and set a “neutral” rating on the stock in a report on Tuesday, July 7th. Finally, Zacks Investment Research cut Belden from a “hold” rating to a “sell” rating in a report on Tuesday, July 28th. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $41.28.
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. 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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