Belden Inc (NYSE:BDC) will be releasing its earnings data before the market opens on Wednesday, August 2nd. Analysts expect Belden to post earnings of $1.21 per share for the quarter. Belden has set its Q2 guidance at $1.15-$1.25 EPS and its FY17 guidance at $4.95-$5.20 EPS.

Belden (NYSE:BDC) last announced its quarterly earnings data on Wednesday, May 3rd. The industrial products company reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.03. The company had revenue of $551.40 million for the quarter, compared to analysts’ expectations of $551.14 million. Belden had a net margin of 5.80% and a return on equity of 18.25%. Belden’s revenue was up 1.8% compared to the same quarter last year. During the same period in the previous year, the company posted $1.01 EPS. On average, analysts expect Belden to post $5.26 EPS for the current fiscal year and $5.79 EPS for the next fiscal year.

Belden Inc (NYSE:BDC) opened at 77.35 on Wednesday. The firm has a 50-day moving average of $75.45 and a 200 day moving average of $72.75. Belden Inc has a 52 week low of $60.06 and a 52 week high of $81.33. The firm has a market capitalization of $3.27 billion, a PE ratio of 29.10 and a beta of 2.30.

Belden declared that its Board of Directors has initiated a stock buyback program on Thursday, May 25th that permits the company to buyback $200.00 million in outstanding shares. This buyback authorization permits the industrial products company to purchase up to 6.8% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.

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

WARNING: “Belden Inc (BDC) Set to Announce Earnings on Wednesday” was published by American Banking News and is the sole property of of American Banking News. If you are reading this piece on another website, it was illegally stolen and reposted in violation of United States and international copyright laws. The original version of this piece can be accessed at https://www.americanbankingnews.com/2017/07/26/belden-inc-bdc-set-to-announce-earnings-on-wednesday.html.

BDC has been the topic of several research analyst reports. Zacks Investment Research upgraded Belden from a “sell” rating to a “hold” rating in a research note on Tuesday, March 28th. Goldman Sachs Group, Inc. (The) initiated coverage on Belden in a research note on Friday, June 23rd. They issued a “buy” rating and a $93.00 target price on the stock. CL King initiated coverage on Belden in a research note on Wednesday, June 21st. They issued a “neutral” rating on the stock. ValuEngine cut Belden from a “buy” rating to a “hold” rating in a research note on Thursday, July 20th. Finally, Guggenheim initiated coverage on Belden in a research note on Tuesday, July 11th. They issued a “buy” rating and a $90.00 target price on the stock. Five investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. Belden currently has an average rating of “Buy” and an average price target of $83.78.

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).

Earnings History for Belden (NYSE:BDC)

Receive News & Ratings for Belden Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Belden Inc and related companies with MarketBeat.com's FREE daily email newsletter.