$0.76 Earnings Per Share Expected for Belden Inc. (NYSE:BDC) This Quarter

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Equities analysts forecast that Belden Inc. (NYSE:BDC) will report earnings of $0.76 per share for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Belden’s earnings, with the lowest EPS estimate coming in at $0.75 and the highest estimate coming in at $0.77. Belden posted earnings per share of $0.99 during the same quarter last year, which would suggest a negative year-over-year growth rate of 23.2%. The company is expected to issue its next earnings results on Wednesday, May 6th.

On average, analysts expect that Belden will report full year earnings of $4.41 per share for the current fiscal year, with EPS estimates ranging from $4.35 to $4.49. For the next year, analysts anticipate that the business will report earnings of $5.12 per share, with EPS estimates ranging from $5.00 to $5.24. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Belden.

Belden (NYSE:BDC) last released its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $1.07 by $0.13. Belden had a positive return on equity of 17.78% and a negative net margin of 15.74%. The business had revenue of $549.70 million for the quarter, compared to the consensus estimate of $520.73 million. During the same quarter in the prior year, the business posted $1.66 EPS. The business’s revenue for the quarter was down .4% on a year-over-year basis.

A number of research analysts have recently commented on BDC shares. Cross Research downgraded Belden from a “hold” rating to a “sell” rating in a report on Thursday, January 23rd. Longbow Research upgraded Belden from a “neutral” rating to a “buy” rating in a report on Friday, January 3rd. ValuEngine upgraded Belden from a “sell” rating to a “hold” rating in a report on Wednesday, January 15th. Canaccord Genuity reiterated a “hold” rating and issued a $52.00 price objective on shares of Belden in a report on Wednesday, February 5th. Finally, Zacks Investment Research upgraded Belden from a “sell” rating to a “hold” rating in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $57.85.

BDC opened at $50.44 on Friday. Belden has a one year low of $41.50 and a one year high of $64.33. The company has a market cap of $2.35 billion, a P/E ratio of -5.81 and a beta of 2.47. The company has a debt-to-equity ratio of 1.55, a quick ratio of 1.59 and a current ratio of 1.91. The business’s 50-day simple moving average is $52.87 and its 200-day simple moving average is $51.54.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 7th. Investors of record on Friday, March 13th will be given a $0.05 dividend. The ex-dividend date of this dividend is Thursday, March 12th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.40%. Belden’s dividend payout ratio (DPR) is presently 4.42%.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. American International Group Inc. boosted its position in shares of Belden by 0.3% in the 4th quarter. American International Group Inc. now owns 98,406 shares of the industrial products company’s stock valued at $5,412,000 after purchasing an additional 273 shares during the period. Public Employees Retirement System of Ohio boosted its position 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 purchasing an additional 274 shares during the period. Parkside Financial Bank & Trust boosted its position in shares of Belden by 35.6% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,154 shares of the industrial products company’s stock valued at $63,000 after purchasing an additional 303 shares during the period. PNC Financial Services Group Inc. boosted its position in shares of Belden by 11.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,435 shares of the industrial products company’s stock valued at $189,000 after purchasing an additional 345 shares during the period. Finally, Mitsubishi UFJ Trust & Banking Corp boosted its position in shares of Belden by 6.6% in the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 8,100 shares of the industrial products company’s stock valued at $446,000 after purchasing an additional 500 shares during the period.

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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