Belden Inc. (NYSE:BDC) Expected to Post Earnings of $1.10 Per Share

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Wall Street brokerages expect that Belden Inc. (NYSE:BDC) will post earnings per share (EPS) of $1.10 for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Belden’s earnings. The lowest EPS estimate is $1.05 and the highest is $1.18. Belden reported earnings per share of $1.66 during the same quarter last year, which would suggest a negative year-over-year growth rate of 33.7%. The company is expected to report its next quarterly earnings report on Wednesday, February 19th.

On average, analysts expect that Belden will report full-year earnings of $4.42 per share for the current financial year, with EPS estimates ranging from $4.40 to $4.44. For the next year, analysts expect that the firm will post earnings of $4.67 per share, with EPS estimates ranging from $4.53 to $4.94. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side analysts that cover Belden.

Belden (NYSE:BDC) last posted its quarterly earnings results on Wednesday, October 30th. The industrial products company reported $1.18 EPS for the quarter, missing the consensus estimate of $1.41 by ($0.23). Belden had a positive return on equity of 18.09% and a negative net margin of 7.44%. The firm had revenue of $620.32 million for the quarter, compared to analyst estimates of $632.68 million. During the same quarter last year, the firm earned $1.72 EPS. The company’s revenue was down 5.4% on a year-over-year basis.

BDC has been the subject of several research analyst reports. ValuEngine cut shares of Belden from a “sell” rating to a “strong sell” rating in a report on Tuesday. Zacks Investment Research cut shares of Belden from a “hold” rating to a “strong sell” rating in a report on Wednesday, November 6th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $61.05.

Shares of Belden stock traded down $0.80 during trading hours on Monday, hitting $54.48. The company had a trading volume of 154,270 shares, compared to its average volume of 211,015. The company’s 50-day moving average is $53.45 and its two-hundred day moving average is $52.39. Belden has a twelve month low of $37.79 and a twelve month high of $64.33. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.94 and a quick ratio of 1.44. The company has a market cap of $2.46 billion, a P/E ratio of 8.99 and a beta of 2.36.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 7th. Stockholders of record on Thursday, December 19th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.37%. The ex-dividend date is Wednesday, December 18th. Belden’s payout ratio is 3.30%.

In related news, insider Biddle Neil bought 1,000,000 shares of the stock in a transaction dated Friday, October 11th. The stock was acquired at an average price of $0.10 per share, for a total transaction of $96,000.00. In the last 90 days, insiders bought 1,556,961 shares of company stock valued at $150,668. Company insiders own 1.52% of the company’s stock.

Institutional investors have recently modified their holdings of the company. Captrust Financial Advisors acquired a new position in shares of Belden in the 2nd quarter valued at $30,000. Allworth Financial LP acquired a new position in shares of Belden in the 3rd quarter valued at $41,000. Advisor Group Inc. boosted its holdings in shares of Belden by 37.7% in the 2nd quarter. Advisor Group Inc. now owns 910 shares of the industrial products company’s stock valued at $54,000 after buying an additional 249 shares in the last quarter. Public Employees Retirement System of Ohio boosted its holdings in shares of Belden by 10.7% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 2,830 shares of the industrial products company’s stock valued at $151,000 after buying an additional 274 shares in the last quarter. Finally, Magnus Financial Group LLC acquired a new position in shares of Belden in the 2nd quarter valued at $209,000.

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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Earnings History and Estimates for Belden (NYSE:BDC)

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