Belden (BDC) Scheduled to Post Earnings on Thursday

Belden (NYSE:BDC) will be releasing its earnings data before the market opens on Thursday, August 1st. Analysts expect Belden to post earnings of $1.35 per share for the quarter. Belden has set its Q2 guidance at $1.30-1.40 EPS.Persons interested in participating in the company’s earnings conference call can do so using this link.

Belden (NYSE:BDC) last posted its earnings results on Thursday, May 2nd. The industrial products company reported $1.24 EPS for the quarter, topping analysts’ consensus estimates of $1.05 by $0.19. The firm had revenue of $536.00 million during the quarter, compared to analysts’ expectations of $514.27 million. Belden had a net margin of 9.01% and a return on equity of 23.11%. The business’s revenue for the quarter was down 16.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.68 earnings per share. On average, analysts expect Belden to post $6 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Belden Trading Up 0.1 %

Shares of Belden stock opened at $92.10 on Tuesday. The firm’s 50 day moving average is $94.46 and its 200 day moving average is $88.04. The firm has a market capitalization of $3.75 billion, a PE ratio of 18.02 and a beta of 1.06. Belden has a 1 year low of $60.54 and a 1 year high of $99.07. The company has a current ratio of 2.55, a quick ratio of 1.83 and a debt-to-equity ratio of 1.02.

Belden Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 9th. Shareholders of record on Thursday, June 13th were given a $0.05 dividend. The ex-dividend date of this dividend was Thursday, June 13th. This represents a $0.20 dividend on an annualized basis and a yield of 0.22%. Belden’s dividend payout ratio is currently 3.91%.

Insider Transactions at Belden

In related news, Director Jonathan C. Klein sold 1,093 shares of the company’s stock in a transaction that occurred on Wednesday, May 29th. The stock was sold at an average price of $95.50, for a total value of $104,381.50. Following the sale, the director now directly owns 13,704 shares in the company, valued at $1,308,732. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Jonathan C. Klein sold 1,093 shares of the business’s stock in a transaction that occurred on Wednesday, May 29th. The shares were sold at an average price of $95.50, for a total value of $104,381.50. Following the transaction, the director now owns 13,704 shares in the company, valued at approximately $1,308,732. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jonathan C. Klein sold 1,607 shares of the company’s stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $97.29, for a total transaction of $156,345.03. Following the completion of the sale, the director now directly owns 12,097 shares in the company, valued at $1,176,917.13. The disclosure for this sale can be found here. Insiders sold 10,219 shares of company stock worth $986,641 over the last ninety days. 1.59% of the stock is owned by insiders.

Analyst Ratings Changes

A number of brokerages have recently commented on BDC. Vertical Research initiated coverage on Belden in a research note on Tuesday, July 23rd. They issued a “buy” rating and a $110.00 price target for the company. Benchmark reiterated a “buy” rating and issued a $100.00 target price on shares of Belden in a research report on Monday, May 6th. StockNews.com upgraded Belden from a “hold” rating to a “buy” rating in a report on Monday, June 17th. Loop Capital raised their price objective on shares of Belden from $100.00 to $115.00 and gave the company a “buy” rating in a report on Friday, May 17th. Finally, Truist Financial boosted their target price on shares of Belden from $119.00 to $123.00 and gave the stock a “buy” rating in a report on Friday, July 5th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $109.00.

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.