Wall Street analysts expect that Belden Inc. (NYSE:BDC) will post $1.40 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for Belden’s earnings, with the lowest EPS estimate coming in at $1.39 and the highest estimate coming in at $1.41. Belden posted earnings of $1.52 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 7.9%. The firm is scheduled to report its next earnings results on Wednesday, August 7th.
According to Zacks, analysts expect that Belden will report full-year earnings of $5.92 per share for the current financial year, with EPS estimates ranging from $5.90 to $5.95. For the next fiscal year, analysts forecast that the business will report earnings of $6.47 per share, with EPS estimates ranging from $6.26 to $6.86. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that that provide coverage for Belden.
Belden (NYSE:BDC) last posted its quarterly earnings results on Wednesday, May 1st. The industrial products company reported $0.99 EPS for the quarter, beating the consensus estimate of $0.89 by $0.10. Belden had a net margin of 7.15% and a return on equity of 20.17%. The business had revenue of $587.18 million during the quarter, compared to analyst estimates of $577.17 million. During the same quarter in the previous year, the business posted $1.16 EPS. The company’s quarterly revenue was down 3.0% compared to the same quarter last year.
Shares of NYSE:BDC traded down $0.72 during trading hours on Friday, hitting $58.52. The company’s stock had a trading volume of 9,590 shares, compared to its average volume of 283,629. Belden has a 52 week low of $37.79 and a 52 week high of $76.39. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.40 and a current ratio of 1.97. The firm has a market cap of $2.27 billion, a P/E ratio of 9.66 and a beta of 2.46.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 9th. Investors of record on Wednesday, June 19th will be paid a dividend of $0.05 per share. The ex-dividend date is Tuesday, June 18th. This represents a $0.20 annualized dividend and a dividend yield of 0.34%. Belden’s dividend payout ratio (DPR) is presently 3.30%.
Several hedge funds and other institutional investors have recently bought and sold shares of BDC. Premia Global Advisors LLC bought a new position in shares of Belden during the 1st quarter worth approximately $35,000. O Shaughnessy Asset Management LLC bought a new position in shares of Belden during the 4th quarter worth approximately $55,000. NumerixS Investment Technologies Inc bought a new position in shares of Belden during the 1st quarter worth approximately $64,000. Public Employees Retirement System of Ohio raised its stake in shares of Belden by 12.6% during the 4th quarter. Public Employees Retirement System of Ohio now owns 2,185 shares of the industrial products company’s stock worth $91,000 after acquiring an additional 244 shares in the last quarter. Finally, Howe & Rusling Inc. raised its stake in shares of Belden by 28.9% during the 4th quarter. Howe & Rusling Inc. now owns 2,879 shares of the industrial products company’s stock worth $120,000 after acquiring an additional 646 shares in the last quarter.
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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