Belden (BDC) Set to Announce Earnings on Thursday

Belden (NYSE:BDC) will issue its quarterly earnings data before the market opens on Thursday, August 1st. Analysts expect the company to announce earnings of $1.35 per share for the quarter. Belden has set its Q2 guidance at $1.30-1.40 EPS.Investors interested in participating in the company’s conference call can do so using this link.

Belden (NYSE:BDC) last issued its earnings results on Thursday, May 2nd. The industrial products company reported $1.24 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.19. The company had revenue of $536.00 million for the quarter, compared to analyst estimates of $514.27 million. Belden had a return on equity of 23.11% and a net margin of 9.01%. The business’s revenue was down 16.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.68 EPS. 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 0.1 %

Shares of NYSE BDC opened at $92.10 on Tuesday. The business has a 50 day simple moving average of $94.46 and a 200 day simple moving average of $88.04. Belden has a 52 week low of $60.54 and a 52 week high of $99.07. The stock has a market cap of $3.75 billion, a price-to-earnings ratio of 18.02 and a beta of 1.06. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.83 and a current ratio of 2.55.

Belden Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 9th. Shareholders of record on Thursday, June 13th were given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.22%. The ex-dividend date of this dividend was Thursday, June 13th. Belden’s dividend payout ratio is 3.91%.

Insider Activity

In related news, Director David J. Aldrich sold 6,700 shares of the business’s stock in a transaction on Friday, May 24th. The shares were sold at an average price of $97.19, for a total transaction of $651,173.00. Following the transaction, the director now owns 53,396 shares of the company’s stock, valued at $5,189,557.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director David J. Aldrich sold 6,700 shares of the stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $97.19, for a total value of $651,173.00. Following the completion of the sale, the director now owns 53,396 shares in the company, valued at $5,189,557.24. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Brian Lieser sold 819 shares of the business’s stock in a transaction dated Wednesday, July 10th. The shares were sold at an average price of $91.26, for a total value of $74,741.94. Following the transaction, the executive vice president now owns 21,031 shares in the company, valued at $1,919,289.06. The disclosure for this sale can be found here. Over the last three months, insiders sold 10,219 shares of company stock valued at $986,641. 1.59% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on BDC. Truist Financial upped their price objective on shares of Belden from $119.00 to $123.00 and gave the stock a “buy” rating in a report on Friday, July 5th. Vertical Research initiated coverage on Belden in a research report on Tuesday, July 23rd. They set a “buy” rating and a $110.00 target price for the company. Benchmark reiterated a “buy” rating and set a $100.00 price target on shares of Belden in a report on Monday, May 6th. StockNews.com upgraded shares of Belden from a “hold” rating to a “buy” rating in a research note on Monday, June 17th. Finally, Loop Capital raised their target price on shares of Belden from $100.00 to $115.00 and gave the company a “buy” rating in a research note on Friday, May 17th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $109.00.

About Belden

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.