Belden Inc. (BDC) Expected to Post Earnings of $1.77 Per Share

Brokerages forecast that Belden Inc. (NYSE:BDC) will post $1.77 earnings per share for the current quarter, Zacks reports. Five analysts have issued estimates for Belden’s earnings, with estimates ranging from $1.75 to $1.80. Belden reported earnings per share of $1.42 during the same quarter last year, which indicates a positive year-over-year growth rate of 24.6%. The company is scheduled to report its next quarterly earnings results before the market opens on Thursday, February 1st.

On average, analysts expect that Belden will report full year earnings of $5.52 per share for the current year, with EPS estimates ranging from $5.49 to $5.55. For the next fiscal year, analysts forecast that the company will post earnings of $6.11 per share, with EPS estimates ranging from $6.05 to $6.19. Zacks’ EPS averages are an average based on a survey of sell-side research firms that that provide coverage for Belden.

Belden (NYSE:BDC) last announced its earnings results on Wednesday, November 1st. The industrial products company reported $1.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.41 by $0.08. The firm had revenue of $621.74 million during the quarter, compared to analysts’ expectations of $626.05 million. Belden had a return on equity of 17.52% and a net margin of 4.03%. The company’s revenue was up 3.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.29 earnings per share.

Several equities research analysts have recently weighed in on the company. Cross Research cut Belden from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Zacks Investment Research cut Belden from a “buy” rating to a “hold” rating in a research report on Monday, November 6th. Guggenheim reissued a “buy” rating and issued a $90.00 price objective on shares of Belden in a research report on Wednesday, December 6th. TheStreet cut Belden from a “b” rating to a “c+” rating in a research report on Wednesday, November 1st. Finally, Canaccord Genuity reissued a “buy” rating and issued a $94.00 price objective on shares of Belden in a research report on Friday, December 1st. Seven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $89.50.

A number of hedge funds have recently modified their holdings of the stock. Janus Henderson Group PLC lifted its position in Belden by 3.6% in the third quarter. Janus Henderson Group PLC now owns 5,072,653 shares of the industrial products company’s stock worth $408,501,000 after purchasing an additional 174,365 shares during the period. BlackRock Inc. raised its stake in Belden by 0.7% during the second quarter. BlackRock Inc. now owns 4,296,433 shares of the industrial products company’s stock worth $324,082,000 after acquiring an additional 31,973 shares in the last quarter. Vanguard Group Inc. raised its stake in Belden by 0.4% during the second quarter. Vanguard Group Inc. now owns 3,568,140 shares of the industrial products company’s stock worth $269,145,000 after acquiring an additional 14,086 shares in the last quarter. Boston Partners raised its stake in Belden by 231.9% during the third quarter. Boston Partners now owns 2,264,337 shares of the industrial products company’s stock worth $182,347,000 after acquiring an additional 1,582,031 shares in the last quarter. Finally, State Street Corp raised its stake in Belden by 1.7% during the second quarter. State Street Corp now owns 1,393,807 shares of the industrial products company’s stock worth $105,133,000 after acquiring an additional 22,944 shares in the last quarter.

Shares of Belden (BDC) traded down $0.30 during trading on Friday, reaching $84.59. The company’s stock had a trading volume of 264,300 shares, compared to its average volume of 262,133. The company has a market capitalization of $3,670.00, a PE ratio of 58.74 and a beta of 2.28. The company has a quick ratio of 1.79, a current ratio of 2.26 and a debt-to-equity ratio of 1.06. Belden has a 52-week low of $64.60 and a 52-week high of $86.85.

The company also recently announced a quarterly dividend, which was paid on Thursday, January 4th. Investors of record on Friday, December 15th were given a $0.05 dividend. The ex-dividend date of this dividend was Thursday, December 14th. This represents a $0.20 annualized dividend and a yield of 0.24%. Belden’s dividend payout ratio (DPR) is currently 13.89%.

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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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