Wall Street analysts expect Belden Inc. (NYSE:BDC) to report $586.13 million in sales for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for Belden’s earnings, with the lowest sales estimate coming in at $585.00 million and the highest estimate coming in at $587.50 million. Belden posted sales of $551.38 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 6.3%. The company is scheduled to announce 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 year, with estimates ranging from $2.55 billion to $2.57 billion. For the next financial year, analysts anticipate that the company will post sales of $2.62 billion per share, with estimates ranging from $2.57 billion to $2.66 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that cover Belden.
Belden (NYSE:BDC) last announced 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 firm had revenue of $604.88 million for 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%. Belden’s revenue was down 1.2% on a year-over-year basis. During the same period last year, the business earned $1.42 EPS.
Shares of Belden (BDC) opened at $78.05 on Tuesday. The firm has a market cap of $3,290.00, a P/E ratio of 38.45 and a beta of 2.34. The company has a current ratio of 2.02, a quick ratio of 1.58 and a debt-to-equity ratio of 1.09. Belden has a 1 year low of $64.60 and a 1 year high of $87.14.
The business also recently announced a quarterly dividend, which will be paid on Thursday, April 5th. Shareholders of record on Thursday, March 15th will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.26%. The ex-dividend date is Wednesday, March 14th. Belden’s dividend payout ratio (DPR) is presently 9.85%.
In other Belden news, SVP Ross Rosenberg sold 779 shares of Belden stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $75.00, for a total value of $58,425.00. Following the completion of the sale, the senior vice president now owns 5,329 shares of the company’s stock, valued at approximately $399,675. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 1.31% of the company’s stock.
A number of large investors have recently bought and sold shares of BDC. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Belden by 41.2% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,462 shares of the industrial products company’s stock worth $190,000 after acquiring an additional 718 shares during the last quarter. Amundi Pioneer Asset Management Inc. purchased a new position in shares of Belden during the 4th quarter worth $197,000. Zeke Capital Advisors LLC purchased a new position in shares of Belden during the 4th quarter worth $202,000. Ladenburg Thalmann Financial Services Inc. boosted its stake in shares of Belden by 550.4% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,634 shares of the industrial products company’s stock worth $212,000 after acquiring an additional 2,229 shares during the last quarter. Finally, OxFORD Asset Management LLP purchased a new position in shares of Belden during the 3rd quarter worth $224,000.
WARNING: This story was originally reported by American Banking News and is owned by of American Banking News. If you are viewing this story on another website, it was stolen and republished in violation of United States & international copyright and trademark law. The legal version of this story can be read at https://www.americanbankingnews.com/2018/03/13/586-13-million-in-sales-expected-for-belden-inc-bdc-this-quarter-2.html.
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).
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Belden Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Belden and related companies with MarketBeat.com's FREE daily email newsletter.