Belden (BDC) Expected to Announce Quarterly Earnings on Thursday

Belden (NYSE:BDC) is expected to be issuing its earnings results before the market opens on Thursday, February 6th. Analysts expect the company to announce earnings of $1.68 per share and revenue of $654.76 million for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

Belden (NYSE:BDC) last announced its earnings results on Thursday, October 31st. The industrial products company reported $1.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.61 by $0.09. The company had revenue of $654.90 million for the quarter, compared to analysts’ expectations of $643.63 million. Belden had a net margin of 7.61% and a return on equity of 20.55%. The firm’s quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.78 EPS. On average, analysts expect Belden to post $6 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Belden Price Performance

Shares of NYSE BDC opened at $116.23 on Thursday. The stock has a market capitalization of $4.69 billion, a price-to-earnings ratio of 27.03 and a beta of 1.09. Belden has a 52 week low of $72.91 and a 52 week high of $131.82. The firm has a 50-day simple moving average of $118.24 and a 200-day simple moving average of $112.02. The company has a quick ratio of 1.43, a current ratio of 2.07 and a debt-to-equity ratio of 0.99.

Belden Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, December 12th were issued a $0.05 dividend. The ex-dividend date of this dividend was Thursday, December 12th. This represents a $0.20 dividend on an annualized basis and a yield of 0.17%. Belden’s payout ratio is 4.65%.

Analyst Ratings Changes

BDC has been the subject of a number of analyst reports. Truist Financial upped their price target on Belden from $124.00 to $136.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Benchmark restated a “buy” rating and issued a $130.00 target price on shares of Belden in a report on Friday, January 24th. Finally, StockNews.com upgraded Belden from a “buy” rating to a “strong-buy” rating in a report on Saturday, January 25th. Four analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Belden presently has an average rating of “Buy” and an average target price of $122.75.

Insider Activity at Belden

In related news, CAO Doug Zink sold 3,000 shares of the business’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $128.82, for a total value of $386,460.00. Following the sale, the chief accounting officer now directly owns 6,643 shares in the company, valued at approximately $855,751.26. The trade was a 31.11 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 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.