Belden (NYSE:BDC) Releases Q4 2024 Earnings Guidance

Belden (NYSE:BDC) issued an update on its fourth quarter 2024 earnings guidance on Thursday morning. The company provided EPS guidance of 1.620-1.720 for the period, compared to the consensus EPS estimate of 1.660. The company issued revenue guidance of $645.0 million-$660.0 million, compared to the consensus revenue estimate of $647.9 million. Belden also updated its Q4 guidance to $1.62-1.72 EPS.

Wall Street Analysts Forecast Growth

BDC has been the subject of several research reports. Vertical Research started coverage on Belden in a research report on Tuesday, July 23rd. They set a “buy” rating and a $110.00 price target for the company. Truist Financial upped their target price on shares of Belden from $124.00 to $136.00 and gave the stock a “buy” rating in a report on Friday. Finally, Benchmark raised their price target on shares of Belden from $120.00 to $130.00 and gave the stock a “buy” rating in a research note on Friday. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $116.40.

Belden Trading Up 1.2 %

NYSE:BDC traded up $1.37 during trading hours on Friday, hitting $115.24. The company had a trading volume of 353,767 shares, compared to its average volume of 258,750. Belden has a 1 year low of $60.54 and a 1 year high of $123.03. The company has a current ratio of 2.07, a quick ratio of 1.25 and a debt-to-equity ratio of 0.99. The company has a 50-day moving average of $112.21 and a 200 day moving average of $99.96. The company has a market cap of $4.70 billion, a P/E ratio of 26.80 and a beta of 1.07.

Belden (NYSE:BDC) last released its quarterly earnings data 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 firm had revenue of $654.90 million during 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%. Belden’s revenue was up 4.5% compared to the same quarter last year. During the same period last year, the business earned $1.78 earnings per share. Sell-side analysts expect that Belden will post 6.04 earnings per share for the current year.

Belden Dividend Announcement

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

Insider Buying and Selling

In other news, Director Nancy E. Calderon sold 2,500 shares of the company’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $95.98, for a total value of $239,950.00. Following the transaction, the director now 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 document filed with the SEC, which is available at this hyperlink. In related news, SVP Brian Edward Anderson sold 6,556 shares of the stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $100.46, for a total transaction of $658,615.76. Following the completion of the transaction, the senior vice president now owns 32,829 shares of the company’s stock, valued at approximately $3,298,001.34. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Nancy E. Calderon sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $95.98, for a total value of $239,950.00. Following the completion of the sale, the director now directly owns 6,954 shares in the company, valued at approximately $667,444.92. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 10,318 shares of company stock worth $1,020,715. Company insiders own 1.59% of the company’s stock.

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.