Belden (BDC) Set to Announce Earnings on Thursday

Belden (NYSE:BDC) is scheduled to be releasing its earnings data before the market opens on Thursday, October 31st. Analysts expect the company to announce earnings of $1.60 per share for the quarter. Belden has set its Q3 2024 guidance at 1.550-1.650 EPS and its Q3 guidance at $1.55-1.65 EPS.Persons that wish to register for the company’s earnings conference call can do so using this link.

Belden (NYSE:BDC) last released its earnings results on Thursday, August 1st. The industrial products company reported $1.51 EPS for the quarter, topping analysts’ consensus estimates of $1.37 by $0.14. Belden had a net margin of 8.51% and a return on equity of 21.13%. The company had revenue of $604.34 million during the quarter, compared to analysts’ expectations of $574.32 million. During the same period last year, the business earned $1.91 EPS. Belden’s revenue for the quarter was down 12.7% on a year-over-year basis. On average, analysts expect Belden to post $6 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Belden Trading Up 0.0 %

Shares of Belden stock opened at $116.57 on Thursday. The firm’s 50 day simple moving average is $110.00 and its two-hundred day simple moving average is $98.47. The firm has a market capitalization of $4.74 billion, a price-to-earnings ratio of 22.81 and a beta of 1.07. Belden has a 12-month low of $60.54 and a 12-month high of $123.03. The company has a current ratio of 1.70, a quick ratio of 1.25 and a debt-to-equity ratio of 0.95.

Belden Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 8th. Stockholders of record on Thursday, September 12th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.17%. The ex-dividend date was Thursday, September 12th. Belden’s dividend payout ratio (DPR) is presently 3.91%.

Analysts Set New Price Targets

A number of analysts have commented on BDC shares. Vertical Research started coverage on Belden in a research report on Tuesday, July 23rd. They set a “buy” rating and a $110.00 price target for the company. Benchmark lifted their target price on Belden from $115.00 to $120.00 and gave the stock a “buy” rating in a report on Wednesday, September 18th. Finally, Truist Financial increased their price target on shares of Belden from $123.00 to $124.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $112.00.

Insider Transactions at Belden

In related news, Director Nancy E. Calderon sold 2,500 shares of Belden stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $95.98, for a total transaction of $239,950.00. Following the completion of the transaction, the director now directly owns 6,954 shares in the company, valued at approximately $667,444.92. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, SVP Brian Edward Anderson sold 6,556 shares of the stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $100.46, for a total transaction of $658,615.76. Following the sale, the senior vice president now directly owns 32,829 shares of the company’s stock, valued at approximately $3,298,001.34. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Nancy E. Calderon sold 2,500 shares of Belden stock in a transaction on Monday, August 5th. The shares were sold at an average price of $95.98, for a total transaction of $239,950.00. Following the completion of the transaction, the director now directly owns 6,954 shares of the company’s stock, valued at $667,444.92. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 10,318 shares of company stock worth $1,020,715 over the last quarter. 1.59% of the stock is currently owned by insiders.

Belden Company Profile

Belden Inc designs, manufactures, and markets a portfolio of signal transmission solutions for mission critical applications in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. It operates in two segments, Enterprise Solutions and Industrial Automation Solutions. The Enterprise Solutions segment offers copper cable and connectivity solutions, fiber cable and connectivity solutions, interconnect panels, racks and enclosures, and signal extension and matrix switching systems for use in applications, such as local area networks, data centers, access control, 5G, fiber to the home, and building automation.