Belden (BDC) Projected to Post Earnings on Thursday

Belden (NYSE:BDC - Get Free Report) is projected to release its earnings data before the market opens on Thursday, February 6th. Analysts expect Belden to post earnings of $1.68 per share and revenue of $654.76 million for the quarter. Parties that are interested in registering for the company's conference call can do so using this link.

Belden (NYSE:BDC - Get Free Report) last released its quarterly earnings data on Thursday, October 31st. The industrial products company reported $1.70 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.61 by $0.09. The company had revenue of $654.90 million during the quarter, compared to analysts' expectations of $643.63 million. Belden had a return on equity of 20.55% and a net margin of 7.61%. The business's revenue was up 4.5% on a year-over-year basis. During the same period last year, the firm posted $1.78 earnings per share. On average, analysts expect Belden to post $6 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Belden Stock Performance

NYSE:BDC traded up $1.23 during mid-day trading on Thursday, hitting $117.39. 170,623 shares of the stock were exchanged, compared to its average volume of 222,801. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.43 and a current ratio of 2.07. The firm's 50-day simple moving average is $118.24 and its 200 day simple moving average is $112.02. Belden has a fifty-two week low of $72.91 and a fifty-two week high of $131.82. The stock has a market capitalization of $4.74 billion, a price-to-earnings ratio of 27.30 and a beta of 1.09.

Belden Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, December 12th were paid a dividend of $0.05 per share. The ex-dividend date was Thursday, December 12th. This represents a $0.20 dividend on an annualized basis and a yield of 0.17%. Belden's dividend payout ratio (DPR) is presently 4.65%.

Insider Buying and Selling at Belden

In other news, CAO Doug Zink sold 3,000 shares of the company's stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $128.82, for a total value of $386,460.00. Following the completion of the transaction, the chief accounting officer now directly owns 6,643 shares of the company's stock, valued at $855,751.26. This represents a 31.11 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.59% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several analysts recently weighed in on BDC shares. StockNews.com raised Belden from a "buy" rating to a "strong-buy" rating in a research note on Saturday, January 25th. Benchmark reaffirmed a "buy" rating and set a $130.00 price target on shares of Belden in a report on Friday, January 24th. Finally, Truist Financial increased their price objective on shares of Belden from $124.00 to $136.00 and gave the company a "buy" rating in a research note on Friday, November 1st. Four research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average 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.