$1.44 EPS Expected for Belden Inc. (BDC) This Quarter

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Brokerages forecast that Belden Inc. (NYSE:BDC) will post earnings per share of $1.44 for the current quarter, according to Zacks. Five analysts have issued estimates for Belden’s earnings. The highest EPS estimate is $1.46 and the lowest is $1.36. Belden posted earnings per share of $1.29 during the same quarter last year, which indicates a positive year over year growth rate of 11.6%. The company is expected to report its next earnings report on Wednesday, August 1st.

According to Zacks, analysts expect that Belden will report full year earnings of $6.34 per share for the current financial year, with EPS estimates ranging from $6.30 to $6.36. For the next fiscal year, analysts expect that the firm will post earnings of $6.77 per share, with EPS estimates ranging from $6.58 to $6.90. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that follow Belden.

Belden (NYSE:BDC) last announced its quarterly earnings data on Wednesday, May 2nd. The industrial products company reported $1.16 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.10 by $0.06. Belden had a net margin of 2.87% and a return on equity of 19.45%. The business had revenue of $605.57 million for the quarter, compared to analyst estimates of $584.55 million. During the same period in the prior year, the business posted $0.92 earnings per share. Belden’s revenue was up 9.8% compared to the same quarter last year.

BDC has been the topic of several analyst reports. Canaccord Genuity reiterated a “buy” rating and issued a $88.00 target price on shares of Belden in a report on Thursday, May 3rd. Stifel Nicolaus reiterated a “buy” rating and issued a $90.00 target price on shares of Belden in a report on Friday, March 30th. SunTrust Banks upgraded shares of Belden from a “hold” rating to a “buy” rating in a report on Monday, March 26th. Zacks Investment Research upgraded shares of Belden from a “hold” rating to a “buy” rating and set a $63.00 target price on the stock in a report on Thursday, May 31st. Finally, ValuEngine lowered shares of Belden from a “buy” rating to a “hold” rating in a report on Friday, March 23rd. One analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $84.60.

In other news, Director Bryan C. Cressey bought 2,000 shares of the business’s stock in a transaction on Monday, May 14th. The shares were bought at an average cost of $54.31 per share, for a total transaction of $108,620.00. Following the completion of the acquisition, the director now owns 123,875 shares in the company, valued at approximately $6,727,651.25. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 1.34% of the company’s stock.

Several large investors have recently modified their holdings of BDC. Wells Fargo & Company MN raised its holdings in shares of Belden by 929.5% during the first quarter. Wells Fargo & Company MN now owns 856,686 shares of the industrial products company’s stock worth $59,060,000 after acquiring an additional 773,472 shares during the period. Boston Partners raised its holdings in shares of Belden by 12.7% during the first quarter. Boston Partners now owns 3,224,135 shares of the industrial products company’s stock worth $222,272,000 after acquiring an additional 362,772 shares during the period. American Century Companies Inc. raised its holdings in shares of Belden by 107.6% during the first quarter. American Century Companies Inc. now owns 549,532 shares of the industrial products company’s stock worth $37,885,000 after acquiring an additional 284,777 shares during the period. Victory Capital Management Inc. raised its holdings in shares of Belden by 131.1% during the first quarter. Victory Capital Management Inc. now owns 264,940 shares of the industrial products company’s stock worth $18,265,000 after acquiring an additional 150,280 shares during the period. Finally, Goldman Sachs Group Inc. raised its holdings in shares of Belden by 90.2% during the fourth quarter. Goldman Sachs Group Inc. now owns 268,359 shares of the industrial products company’s stock worth $20,709,000 after acquiring an additional 127,291 shares during the period.

NYSE BDC traded up $0.18 during trading hours on Friday, hitting $60.57. The company’s stock had a trading volume of 12,230 shares, compared to its average volume of 554,250. The company has a debt-to-equity ratio of 1.29, a current ratio of 2.01 and a quick ratio of 1.45. The firm has a market capitalization of $2.40 billion, a P/E ratio of 11.29 and a beta of 2.32. Belden has a twelve month low of $53.65 and a twelve month high of $87.14.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 10th. Shareholders of record on Wednesday, June 20th will be issued a $0.05 dividend. The ex-dividend date is Tuesday, June 19th. This represents a $0.20 annualized dividend and a yield of 0.33%. Belden’s dividend payout ratio (DPR) is presently 3.74%.

Belden Company Profile

Belden Inc designs, manufactures, and markets signal transmission solutions worldwide. It operates through Broadcast Solutions, Enterprise Solutions, Industrial Solutions, and Network Solutions segments. The Broadcast Solutions segment offers camera solutions, production switchers, server and storage systems for instant replay applications, interfaces and routers, monitoring systems, in-home network systems, playout systems, outside plant connectivity products, and other cable, and connectivity products.

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Earnings History and Estimates for Belden (NYSE:BDC)

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