Belden (NYSE:BDC) Updates Q4 Earnings Guidance

Belden (NYSE:BDC) issued an update on its fourth quarter earnings guidance on Thursday morning. The company provided EPS guidance of $1.62-1.72 for the period, compared to the consensus EPS 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.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Benchmark raised their price target on shares of Belden from $115.00 to $120.00 and gave the stock a “buy” rating in a research note on Wednesday, September 18th. Truist Financial raised their target price on shares of Belden from $123.00 to $124.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Finally, Vertical Research assumed coverage on Belden in a report on Tuesday, July 23rd. They issued a “buy” rating and a $110.00 price target for the company. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, Belden has a consensus rating of “Buy” and a consensus target price of $112.00.

Belden Price Performance

NYSE BDC opened at $117.58 on Thursday. The company has a market cap of $4.80 billion, a PE ratio of 25.02 and a beta of 1.07. The firm’s 50 day moving average price is $111.84 and its 200-day moving average price is $99.65. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.25 and a current ratio of 1.70. Belden has a 52-week low of $60.54 and a 52-week high of $123.03.

Belden (NYSE:BDC) last announced its earnings results on Thursday, August 1st. The industrial products company reported $1.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.14. The business had revenue of $604.34 million for the quarter, compared to analysts’ expectations of $574.32 million. Belden had a return on equity of 21.13% and a net margin of 8.51%. The business’s revenue for the quarter was down 12.7% on a year-over-year basis. During the same quarter last year, the firm earned $1.91 EPS. Sell-side analysts forecast that Belden will post 6.04 EPS for the current fiscal year.

Belden Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 8th. Investors 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 yield of 0.17%. The ex-dividend date of this dividend was Thursday, September 12th. Belden’s payout ratio is currently 4.26%.

Insiders Place Their Bets

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

Belden Company Profile

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.