Wall Street analysts predict that Belden Inc. (NYSE:BDC) will report $586.13 million in sales for the current fiscal quarter, according to Zacks Investment Research. Five analysts have issued estimates for Belden’s earnings, with the highest sales estimate coming in at $587.50 million and the lowest estimate coming in at $585.00 million. Belden reported sales of $551.38 million in the same quarter last year, which indicates a positive year-over-year growth rate of 6.3%. The business is expected to report its next quarterly earnings report on Wednesday, May 2nd.
According to Zacks, analysts expect that Belden will report full-year sales of $586.13 million for the current fiscal year, with estimates ranging from $2.55 billion to $2.57 billion. For the next year, analysts forecast that the company will report sales of $2.62 billion per share, with estimates ranging from $2.57 billion to $2.66 billion. Zacks’ sales averages are an average based on a survey of analysts that that provide coverage for Belden.
Belden (NYSE:BDC) last released its quarterly earnings results on Thursday, February 1st. The industrial products company reported $1.62 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.77 by ($0.15). The company had revenue of $604.88 million during the quarter, compared to the consensus estimate of $648.92 million. Belden had a net margin of 3.90% and a return on equity of 18.20%. The firm’s revenue was down 1.2% compared to the same quarter last year. During the same period in the prior year, the company earned $1.42 earnings per share.
Institutional investors and hedge funds have recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Belden by 41.2% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,462 shares of the industrial products company’s stock worth $190,000 after purchasing an additional 718 shares during the period. Ladenburg Thalmann Financial Services Inc. increased its holdings in shares of Belden by 550.4% during the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,634 shares of the industrial products company’s stock worth $212,000 after purchasing an additional 2,229 shares during the period. OxFORD Asset Management LLP bought a new position in shares of Belden during the third quarter worth approximately $224,000. Palouse Capital Management Inc. bought a new position in shares of Belden during the third quarter worth approximately $225,000. Finally, Shelton Capital Management bought a new position in shares of Belden during the second quarter worth approximately $242,000.
Belden (NYSE:BDC) opened at $72.79 on Wednesday. The firm has a market cap of $3,136.89, a PE ratio of 53.13 and a beta of 2.29. The company has a quick ratio of 1.59, a current ratio of 2.03 and a debt-to-equity ratio of 1.09. Belden has a fifty-two week low of $64.60 and a fifty-two week high of $87.14.
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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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