Belden (NYSE:BDC) Releases Q4 Earnings Guidance

Belden (NYSE:BDC) issued an update on its fourth quarter earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $1.62-1.72 for the period, compared to the consensus estimate of $1.66. The company issued revenue guidance of $645-660 million, compared to the consensus revenue estimate of $648.03 million. Belden also updated its Q4 2024 guidance to 1.620-1.720 EPS.

Belden Stock Performance

NYSE:BDC traded up $1.37 during trading hours on Friday, reaching $115.24. The company had a trading volume of 353,767 shares, compared to its average volume of 272,461. The company has a current ratio of 1.70, a quick ratio of 1.25 and a debt-to-equity ratio of 0.95. Belden has a 52 week low of $60.54 and a 52 week high of $123.03. The firm has a market cap of $4.70 billion, a price-to-earnings ratio of 24.52 and a beta of 1.07. The firm’s 50 day moving average price is $112.21 and its 200-day moving average price is $99.96.

Belden (NYSE:BDC) last posted its earnings results on Thursday, October 31st. The industrial products company reported $1.70 EPS for the quarter, topping analysts’ consensus estimates of $1.60 by $0.10. Belden had a net margin of 8.51% and a return on equity of 21.13%. The business had revenue of $654.90 million during the quarter, compared to the consensus estimate of $643.63 million. During the same quarter in the previous year, the firm posted $1.78 EPS. The firm’s revenue was up 4.5% on a year-over-year basis. On average, analysts forecast that Belden will post 6.04 EPS for the current year.

Belden Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 8th. Stockholders of record on Thursday, September 12th were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.17%. The ex-dividend date was Thursday, September 12th. Belden’s payout ratio is 4.26%.

Analyst Ratings Changes

BDC has been the subject of a number of recent research reports. Vertical Research initiated coverage on shares of Belden in a research report on Tuesday, July 23rd. They set a “buy” rating and a $110.00 price objective for the company. Benchmark boosted their price objective on shares of Belden from $120.00 to $130.00 and gave the company a “buy” rating in a research report on Friday. Finally, Truist Financial boosted their price objective on shares of Belden from $124.00 to $136.00 and gave the company a “buy” rating in a research report on Friday. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $116.40.

Insider Activity at Belden

In related news, SVP Brian Edward Anderson sold 6,556 shares of Belden stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $100.46, for a total transaction of $658,615.76. Following the transaction, the senior vice president now owns 32,829 shares in the company, valued at approximately $3,298,001.34. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, SVP Brian Edward Anderson sold 6,556 shares of Belden stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $100.46, for a total transaction of $658,615.76. Following the transaction, the senior vice president now owns 32,829 shares in the company, valued at approximately $3,298,001.34. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Nancy E. Calderon sold 2,500 shares of Belden stock in a transaction on Monday, August 5th. The shares were sold at an average price of $95.98, for a total transaction of $239,950.00. Following the transaction, the director now owns 6,954 shares in the company, valued at approximately $667,444.92. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 10,318 shares of company stock worth $1,020,715. 1.59% of the stock is owned by corporate insiders.

About Belden

Belden Inc designs, manufactures, and markets a portfolio of signal transmission solutions for mission critical applications in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. It operates in two segments, Enterprise Solutions and Industrial Automation Solutions. The Enterprise Solutions segment offers copper cable and connectivity solutions, fiber cable and connectivity solutions, interconnect panels, racks and enclosures, and signal extension and matrix switching systems for use in applications, such as local area networks, data centers, access control, 5G, fiber to the home, and building automation.