Belden (NYSE:BDC) Releases Q4 Earnings Guidance

Belden (NYSE:BDC) updated its fourth quarter earnings guidance on Thursday. The company provided EPS guidance of $1.62-1.72 for the period, compared to the consensus EPS estimate of $1.66. The company issued revenue guidance of $645-660 million, compared to the consensus revenue estimate of $648.03 million. Belden also updated its Q4 2024 guidance to 1.620-1.720 EPS.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Vertical Research assumed coverage on Belden in a research note on Tuesday, July 23rd. They issued a “buy” rating and a $110.00 price objective on the stock. Benchmark lifted their target price on Belden from $120.00 to $130.00 and gave the stock a “buy” rating in a report on Friday. Finally, Truist Financial lifted their target price on Belden from $124.00 to $136.00 and gave the stock a “buy” rating in a report on Friday. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $116.40.

Belden Price Performance

Shares of BDC stock opened at $115.24 on Friday. Belden has a twelve month low of $60.54 and a twelve month high of $123.03. The stock has a market capitalization of $4.70 billion, a price-to-earnings ratio of 26.80 and a beta of 1.07. The stock has a fifty day simple moving average of $112.21 and a two-hundred day simple moving average of $99.96. 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 (NYSE:BDC) last released its quarterly earnings results on Thursday, October 31st. The industrial products company reported $1.70 EPS for the quarter, topping the consensus estimate of $1.61 by $0.09. Belden had a return on equity of 21.13% and a net margin of 8.51%. The firm had revenue of $654.90 million during the quarter, compared to analyst estimates of $643.63 million. During the same period in the previous year, the company posted $1.78 EPS. The business’s revenue for the quarter was up 4.5% compared to the same quarter last year. On average, analysts predict that Belden will post 6.04 EPS for the current fiscal year.

Belden Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 8th. Investors of record on Thursday, September 12th were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.17%. The ex-dividend date of this dividend was Thursday, September 12th. Belden’s dividend payout ratio is currently 4.65%.

Insider Activity at Belden

In related news, Director Nancy E. Calderon sold 2,500 shares of the company’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $95.98, for a total transaction of $239,950.00. Following the transaction, the director now directly owns 6,954 shares of the company’s stock, valued at $667,444.92. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. In related news, Director Nancy E. Calderon sold 2,500 shares of the company’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $95.98, for a total transaction of $239,950.00. Following the transaction, the director now directly owns 6,954 shares of the company’s stock, valued at $667,444.92. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP Brian Edward Anderson sold 1,262 shares of the business’s stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $96.79, for a total value of $122,148.98. Following the sale, the senior vice president now owns 39,385 shares in the company, valued at approximately $3,812,074.15. 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 valued at $1,020,715 in the last ninety days. Corporate insiders own 1.59% of the company’s stock.

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.