Belden (BDC) Set to Announce Quarterly Earnings on Wednesday

Belden (NYSE:BDC) will be releasing its earnings data before the market opens on Wednesday, October 31st. Analysts expect Belden to post earnings of $1.70 per share for the quarter.

Belden (NYSE:BDC) last posted its earnings results on Wednesday, August 1st. The industrial products company reported $1.52 earnings per share for the quarter, topping the consensus estimate of $1.46 by $0.06. The firm had revenue of $668.64 million during the quarter, compared to the consensus estimate of $661.83 million. Belden had a net margin of 2.52% and a return on equity of 20.50%. The company’s revenue was up 9.5% on a year-over-year basis. During the same quarter last year, the company earned $1.29 earnings per share. On average, analysts expect Belden to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

BDC opened at $56.41 on Tuesday. The stock has a market capitalization of $2.30 billion, a PE ratio of 9.79 and a beta of 2.28. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.79 and a quick ratio of 1.26. Belden has a twelve month low of $53.65 and a twelve month high of $87.14.

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 4th. Stockholders of record on Tuesday, September 18th were paid a $0.05 dividend. The ex-dividend date of this dividend was Monday, September 17th. This represents a $0.20 annualized dividend and a dividend yield of 0.35%. Belden’s payout ratio is 3.74%.

Several research firms have recently weighed in on BDC. Zacks Investment Research downgraded shares of Belden from a “buy” rating to a “hold” rating in a research note on Wednesday, July 25th. Canaccord Genuity set a $88.00 target price on shares of Belden and gave the stock a “buy” rating in a research note on Wednesday, July 25th. ValuEngine raised shares of Belden from a “sell” rating to a “hold” rating in a research note on Thursday, August 2nd. TheStreet raised shares of Belden from a “c” rating to a “b-” rating in a research note on Tuesday, August 21st. Finally, Guggenheim reaffirmed a “buy” rating and set a $90.00 price objective on shares of Belden in a research note on Wednesday, August 1st. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. Belden presently has an average rating of “Buy” and an average target price of $86.75.

About Belden

Belden Inc designs, manufactures, and markets signal transmission solutions worldwide. It operates through Broadcast Solutions, Enterprise Solutions, Industrial Solutions, and Network Solutions segments. The Broadcast Solutions segment offers camera solutions, production switchers, server and storage systems for instant replay applications, interfaces and routers, monitoring systems, in-home network systems, playout systems, outside plant connectivity products, and other cable, and connectivity products.

See Also: Price to Earnings Ratio (PE) Basics

Earnings History for Belden (NYSE:BDC)

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