Belden (NYSE:BDC) updated its FY 2019
Pre-Market earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 4.32-4.47 for the period, compared to the Thomson Reuters consensus estimate of $4.83. The company issued revenue guidance of $2.092-2.112 billion, compared to the consensus revenue estimate of $2.39 billion.Belden also updated its Q4 2019
Pre-Market guidance to 1.00-1.15 EPS.
Several analysts have recently commented on the company. Zacks Investment Research cut Belden from a hold rating to a strong sell rating in a report on Wednesday, November 6th. ValuEngine raised shares of Belden from a strong sell rating to a sell rating in a report on Thursday, November 7th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus price target of $60.18.
NYSE BDC opened at $53.47 on Tuesday. The stock has a market capitalization of $2.44 billion, a P/E ratio of 8.82 and a beta of 2.36. Belden has a 52 week low of $37.79 and a 52 week high of $64.33. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.44 and a current ratio of 1.94. The stock has a fifty day moving average of $53.43 and a 200-day moving average of $52.51.
Belden (NYSE:BDC) last issued its quarterly earnings results on Wednesday, October 30th. The industrial products company reported $1.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.41 by ($0.23). The firm had revenue of $620.32 million for the quarter, compared to analyst estimates of $632.68 million. Belden had a negative net margin of 7.44% and a positive return on equity of 18.09%. The company’s revenue was down 5.4% compared to the same quarter last year. During the same period last year, the company earned $1.72 EPS. Equities research analysts forecast that Belden will post 4.41 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 7th. Stockholders of record on Thursday, December 19th will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.37%. The ex-dividend date is Wednesday, December 18th. Belden’s dividend payout ratio (DPR) is presently 3.30%.
In other Belden news, insider Biddle Neil purchased 300,000 shares of the company’s stock in a transaction that occurred on Friday, October 25th. The stock was acquired at an average cost of $0.10 per share, with a total value of $30,000.00. In the last quarter, insiders have bought 1,556,961 shares of company stock valued at $150,668. 1.52% of the stock is owned by corporate insiders.
Belden Company Profile
Belden Inc operates as a signal transmission solutions company in the United States and internationally. The company operates in two segments, Enterprise Solutions and Industrial Solutions segments. The Enterprise Solutions segment offers copper cable and connectivity solutions, fiber cable and connectivity solutions, and racks and enclosures for use in applications, such as local area networks, data centers, access control, and building automation, as well as live production and performance, video display and digital signage, and corporate communications.
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