Belden (NYSE:BDC) Issues Quarterly Earnings Results, Beats Estimates By $0.24 EPS

Belden (NYSE:BDC) released its quarterly earnings results on Thursday. The industrial products company reported $1.92 EPS for the quarter, topping analysts’ consensus estimates of $1.68 by $0.24, Zacks reports. Belden had a return on equity of 20.55% and a net margin of 7.61%. Belden updated its Q1 2025 guidance to 1.430-1.530 EPS.

Belden Trading Down 1.0 %

Belden stock traded down $1.14 during mid-day trading on Thursday, hitting $115.15. 595,411 shares of the company’s stock were exchanged, compared to its average volume of 232,669. The company’s 50 day simple moving average is $117.51 and its 200-day simple moving average is $112.73. The company has a quick ratio of 1.43, a current ratio of 2.07 and a debt-to-equity ratio of 0.99. The firm has a market capitalization of $4.65 billion, a P/E ratio of 26.78 and a beta of 1.08. Belden has a fifty-two week low of $74.29 and a fifty-two week high of $131.82.

Belden Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, December 12th were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.17%. The ex-dividend date was Thursday, December 12th. Belden’s dividend payout ratio (DPR) is 4.65%.

Analysts Set New Price Targets

BDC has been the subject of several recent research reports. Benchmark reissued a “buy” rating and set a $130.00 price objective on shares of Belden in a report on Friday, January 24th. StockNews.com cut shares of Belden from a “strong-buy” rating to a “buy” rating in a research report on Sunday. Finally, Truist Financial raised their price target on Belden from $124.00 to $136.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Belden currently has a consensus rating of “Buy” and a consensus price target of $122.75.

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.