Brokerages expect that Belden Inc (NYSE:BDC) will announce sales of $608.00 million for the current fiscal quarter, Zacks Investment Research reports. Five analysts have made estimates for Belden’s earnings, with the highest sales estimate coming in at $609.35 million and the lowest estimate coming in at $605.00 million. Belden reported sales of $601.63 million during the same quarter last year, which would suggest a positive year over year growth rate of 1.1%. The company is scheduled to issue its next earnings report before the market opens on Wednesday, August 2nd.

On average, analysts expect that Belden will report full-year sales of $608.00 million for the current year, with estimates ranging from $2.39 billion to $2.42 billion. For the next year, analysts anticipate that the company will report sales of $2.48 billion per share, with estimates ranging from $2.46 billion to $2.51 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Belden.

Belden (NYSE:BDC) last posted its quarterly earnings data on Wednesday, May 3rd. The industrial products company reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.03. Belden had a net margin of 5.80% and a return on equity of 18.25%. The firm had revenue of $551.40 million for the quarter, compared to analysts’ expectations of $551.14 million. During the same period in the previous year, the company posted $1.01 EPS. The company’s quarterly revenue was up 1.8% compared to the same quarter last year.

Several equities research analysts have recently issued reports on the stock. ValuEngine downgraded shares of Belden from a “buy” rating to a “hold” rating in a research report on Thursday. Zacks Investment Research upgraded shares of Belden from a “hold” rating to a “strong-buy” rating and set a $86.00 price target for the company in a research note on Tuesday, July 11th. Goldman Sachs Group, Inc. (The) started coverage on shares of Belden in a research note on Friday, June 23rd. They issued a “buy” rating and a $93.00 price target for the company. CL King started coverage on shares of Belden in a research note on Wednesday, June 21st. They issued a “neutral” rating for the company. Finally, Guggenheim initiated coverage on shares of Belden in a research note on Tuesday, July 11th. They set a “buy” rating and a $90.00 target price for the company. Five equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. Belden currently has a consensus rating of “Buy” and a consensus price target of $83.78.

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Hedge funds have recently bought and sold shares of the company. RMB Capital Management LLC raised its stake in Belden by 0.3% in the first quarter. RMB Capital Management LLC now owns 17,234 shares of the industrial products company’s stock valued at $1,192,000 after buying an additional 60 shares during the last quarter. State Treasurer State of Michigan raised its position in Belden by 0.6% in the first quarter. State Treasurer State of Michigan now owns 17,100 shares of the industrial products company’s stock valued at $1,183,000 after buying an additional 100 shares during the last quarter. Nisa Investment Advisors LLC raised its position in Belden by 0.4% in the second quarter. Nisa Investment Advisors LLC now owns 24,210 shares of the industrial products company’s stock valued at $1,803,000 after buying an additional 100 shares during the last quarter. Capstone Asset Management Co. raised its position in Belden by 4.2% in the second quarter. Capstone Asset Management Co. now owns 3,469 shares of the industrial products company’s stock valued at $262,000 after buying an additional 140 shares during the last quarter. Finally, Greenwood Capital Associates LLC raised its position in Belden by 5.3% in the first quarter. Greenwood Capital Associates LLC now owns 2,975 shares of the industrial products company’s stock valued at $206,000 after buying an additional 149 shares during the last quarter.

Belden (NYSE BDC) traded up 1.21% during trading on Friday, reaching $76.02. 208,923 shares of the company’s stock traded hands. The company has a market cap of $3.21 billion, a P/E ratio of 28.60 and a beta of 2.30. Belden has a 12 month low of $60.06 and a 12 month high of $81.33. The firm’s 50 day moving average is $75.45 and its 200 day moving average is $72.75.

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 6th. Shareholders of record on Thursday, June 15th were paid a dividend of $0.05 per share. The ex-dividend date was Tuesday, June 13th. This represents a $0.20 dividend on an annualized basis and a yield of 0.26%. Belden’s dividend payout ratio (DPR) is presently 7.55%.

Belden announced that its Board of Directors has approved a share buyback plan on Thursday, May 25th that allows the company to buyback $200.00 million in shares. This buyback authorization allows the industrial products company to reacquire up to 6.8% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.

About Belden

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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Earnings History and Estimates for Belden (NYSE:BDC)

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