Belden (BDC) Issues FY19 Earnings Guidance

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Belden (NYSE:BDC) issued an update on its FY19 earnings guidance on Wednesday morning. The company provided EPS guidance of $5.65-6.15 for the period, compared to the Thomson Reuters consensus EPS estimate of $5.78. The company issued revenue guidance of $2.520-2.595 billion, compared to the consensus revenue estimate of $2.54 billion.Belden also updated its FY 2019 guidance to $5.65-6.15 EPS.

Belden stock traded up $0.50 during mid-day trading on Friday, hitting $60.92. The stock had a trading volume of 3,967 shares, compared to its average volume of 488,310. The company has a market capitalization of $2.19 billion, a P/E ratio of 10.05 and a beta of 2.56. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.31 and a current ratio of 1.76. Belden has a one year low of $37.79 and a one year high of $76.39.

Belden (NYSE:BDC) last issued its earnings results on Wednesday, May 1st. The industrial products company reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.10. The company had revenue of $587.18 million during the quarter, compared to the consensus estimate of $577.17 million. Belden had a net margin of 6.22% and a return on equity of 21.37%. Belden’s quarterly revenue was down 3.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.16 EPS. Analysts forecast that Belden will post 5.82 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, April 4th. Investors of record on Thursday, March 14th were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.33%. The ex-dividend date was Wednesday, March 13th. Belden’s dividend payout ratio is currently 3.30%.

Several research analysts recently weighed in on BDC shares. Longbow Research raised shares of Belden from a neutral rating to a buy rating and set a $41.92 target price for the company in a report on Thursday, January 3rd. ValuEngine raised shares of Belden from a strong sell rating to a sell rating in a report on Tuesday, February 12th. Zacks Investment Research raised shares of Belden from a sell rating to a hold rating in a report on Tuesday, February 12th. Seaport Global Securities reaffirmed a buy rating on shares of Belden in a report on Friday, February 15th. Finally, Canaccord Genuity upped their target price on shares of Belden from $60.00 to $70.00 and gave the stock a buy rating in a report on Thursday, February 21st. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the stock. Belden presently has a consensus rating of Hold and an average target price of $69.18.

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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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Earnings History and Estimates for Belden (NYSE:BDC)

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