Wall Street analysts expect Belden Inc. (NYSE:BDC) to announce earnings per share (EPS) of $1.42 for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Belden’s earnings, with estimates ranging from $1.41 to $1.43. Belden reported earnings per share of $1.72 during the same quarter last year, which would suggest a negative year-over-year growth rate of 17.4%. The firm is expected to report its next quarterly earnings results before the market opens on Wednesday, October 30th.
According to Zacks, analysts expect that Belden will report full year earnings of $5.54 per share for the current financial year, with EPS estimates ranging from $5.47 to $5.66. For the next financial year, analysts expect that the business will post earnings of $5.93 per share, with EPS estimates ranging from $5.76 to $6.20. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that that provide coverage for Belden.
Belden (NYSE:BDC) last posted its earnings results on Wednesday, July 31st. The industrial products company reported $1.39 earnings per share for the quarter, missing analysts’ consensus estimates of $1.40 by ($0.01). The business had revenue of $637.50 million during the quarter, compared to the consensus estimate of $641.65 million. Belden had a return on equity of 19.29% and a net margin of 7.76%. The business’s quarterly revenue was down 4.7% on a year-over-year basis. During the same quarter last year, the firm earned $1.52 earnings per share.
BDC stock traded up $0.11 during mid-day trading on Thursday, reaching $55.71. The company had a trading volume of 18 shares, compared to its average volume of 249,963. The firm has a 50 day moving average of $51.74 and a 200 day moving average of $53.50. Belden has a 12 month low of $37.79 and a 12 month high of $64.33. The company has a market capitalization of $2.51 billion, a PE ratio of 9.17 and a beta of 2.39. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.89 and a quick ratio of 1.37.
The company also recently announced a quarterly dividend, which was paid on Monday, October 7th. Investors of record on Thursday, September 19th were given a dividend of $0.05 per share. The ex-dividend date was Wednesday, September 18th. This represents a $0.20 dividend on an annualized basis and a yield of 0.36%. Belden’s payout ratio is 3.30%.
In related news, insider Biddle Neil purchased 1,000,000 shares of the firm’s stock in a transaction on Friday, October 11th. The stock was acquired at an average price of $0.10 per share, with a total value of $96,000.00. Also, SVP Leo Kulmaczewski purchased 800 shares of the firm’s stock in a transaction on Thursday, August 1st. The stock was bought at an average cost of $45.46 per share, with a total value of $36,368.00. Following the acquisition, the senior vice president now owns 10,692 shares of the company’s stock, valued at approximately $486,058.32. The disclosure for this purchase can be found here. Insiders have purchased 1,257,761 shares of company stock valued at $157,036 in the last three months. 1.52% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the business. UBS Asset Management Americas Inc. raised its holdings in shares of Belden by 12.2% in the second quarter. UBS Asset Management Americas Inc. now owns 41,798 shares of the industrial products company’s stock worth $2,490,000 after buying an additional 4,547 shares during the last quarter. Clark Capital Management Group Inc. acquired a new stake in Belden during the second quarter valued at $3,296,000. Balter Liquid Alternatives LLC grew its position in Belden by 25.9% during the second quarter. Balter Liquid Alternatives LLC now owns 54,808 shares of the industrial products company’s stock valued at $3,265,000 after buying an additional 11,287 shares during the period. Charles Schwab Investment Management Inc. grew its position in Belden by 0.5% during the second quarter. Charles Schwab Investment Management Inc. now owns 368,034 shares of the industrial products company’s stock valued at $21,924,000 after buying an additional 1,713 shares during the period. Finally, BBT Capital Management LLC acquired a new stake in Belden during the second quarter valued at $395,000. 95.85% of the stock is owned by institutional investors and hedge funds.
Belden Company Profile
Belden Inc operates as a signal transmission solutions company in the United States and internationally. The company operates in two segments, Enterprise Solutions and Industrial Solutions segments. The Enterprise Solutions segment offers copper cable and connectivity solutions, fiber cable and connectivity solutions, and racks and enclosures for use in applications, such as local area networks, data centers, access control, and building automation, as well as live production and performance, video display and digital signage, and corporate communications.
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