Belden Inc (NYSE:BDC) released its quarterly earnings results on Wednesday. The industrial products company reported $1.49 EPS for the quarter, topping analysts’ consensus estimates of $1.41 by $0.08, Bloomberg Earnings reports. Belden had a net margin of 5.53% and a return on equity of 16.31%. The business had revenue of $621.74 million for the quarter, compared to analyst estimates of $626.05 million. During the same period last year, the firm earned $1.29 earnings per share. Belden’s revenue for the quarter was up 3.4% compared to the same quarter last year. Belden updated its Q4 guidance to $1.71-1.81 EPS.

Shares of Belden (NYSE:BDC) traded up 1.96% during midday trading on Wednesday, reaching $81.48. 122,066 shares of the company’s stock were exchanged. Belden has a 12 month low of $60.06 and a 12 month high of $86.31. The company has a market cap of $3.45 billion, a P/E ratio of 35.43 and a beta of 2.26. The firm has a 50 day moving average price of $81.83 and a 200 day moving average price of $75.53.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 4th. Shareholders of record on Friday, September 15th were paid a dividend of $0.05 per share. The ex-dividend date was Thursday, September 14th. This represents a $0.20 dividend on an annualized basis and a yield of 0.25%. Belden’s payout ratio is 8.66%.

In other news, SVP Paul Keith Turner sold 3,709 shares of the company’s stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $78.91, for a total transaction of $292,677.19. Following the sale, the senior vice president now directly owns 4,967 shares in the company, valued at $391,945.97. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Chairman John S. Stroup sold 17,227 shares of the company’s stock in a transaction dated Monday, October 9th. The shares were sold at an average price of $84.75, for a total value of $1,459,988.25. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 21,230 shares of company stock worth $1,775,189. Company insiders own 1.31% of the company’s stock.

WARNING: “Belden Inc (BDC) Announces Earnings Results, Beats Estimates By $0.08 EPS” was originally published by American Banking News and is the property of of American Banking News. If you are reading this report on another website, it was stolen and republished in violation of U.S. & international trademark & copyright law. The legal version of this report can be accessed at https://www.americanbankingnews.com/2017/11/01/belden-inc-bdc-announces-earnings-results-beats-estimates-by-0-08-eps.html.

A number of equities analysts recently commented on BDC shares. Guggenheim started coverage on shares of Belden in a research report on Tuesday, July 11th. They set a “buy” rating and a $90.00 price target on the stock. Zacks Investment Research raised shares of Belden from a “hold” rating to a “strong-buy” rating and set a $86.00 price target on the stock in a research report on Tuesday, July 11th. ValuEngine lowered shares of Belden from a “buy” rating to a “hold” rating in a research report on Thursday, July 20th. BidaskClub lowered shares of Belden from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. Finally, Deutsche Bank AG raised their price target on shares of Belden from $85.00 to $92.00 and gave the stock a “buy” rating in a research report on Thursday, August 3rd. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $85.88.

Belden Company Profile

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.