Belden (NYSE:BDC) issued an update on its FY 2018 earnings guidance on Wednesday morning. The company provided EPS guidance of $6.00-6.10 for the period, compared to the Thomson Reuters consensus EPS estimate of $6.39. The company issued revenue guidance of $2.595-2.615 billion, compared to the consensus revenue estimate of $2.66 billion.Belden also updated its Q4 2018 guidance to $1.60-1.70 EPS.
Shares of NYSE:BDC opened at $56.80 on Wednesday. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.79 and a quick ratio of 1.26. The stock has a market cap of $2.30 billion, a P/E ratio of 10.62 and a beta of 2.28. Belden has a 12-month low of $53.65 and a 12-month high of $87.14.
Belden (NYSE:BDC) last issued its quarterly earnings data on Wednesday, August 1st. The industrial products company reported $1.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.46 by $0.06. The firm had revenue of $668.64 million during the quarter, compared to the consensus estimate of $661.83 million. Belden had a return on equity of 20.50% and a net margin of 2.52%. The company’s quarterly revenue was up 9.5% on a year-over-year basis. During the same period last year, the company earned $1.29 EPS. On average, sell-side analysts forecast that Belden will post 6.39 EPS for the current year.
BDC has been the subject of several research reports. Canaccord Genuity set a $88.00 target price on Belden and gave the company a buy rating in a research report on Wednesday, July 25th. Zacks Investment Research downgraded Belden from a buy rating to a hold rating in a research report on Wednesday, July 25th. Guggenheim reaffirmed a buy rating and issued a $90.00 target price on shares of Belden in a research report on Wednesday, August 1st. ValuEngine raised Belden from a sell rating to a hold rating in a research report on Thursday, August 2nd. Finally, TheStreet raised Belden from a c rating to a b- rating in a research report on Tuesday, August 21st. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. Belden currently has an average rating of Buy and a consensus price target of $86.75.
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.
Featured Article: How to Track your Portfolio in Google Finance
Receive News & Ratings for Belden Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Belden and related companies with MarketBeat.com's FREE daily email newsletter.