Belden (BDC) Scheduled to Post Quarterly Earnings on Thursday

Belden (NYSE:BDC - Get Free Report) is scheduled to post its quarterly earnings results before the market opens on Thursday, October 31st. Analysts expect Belden to post earnings of $1.60 per share for the quarter. Belden has set its Q3 2024 guidance at 1.550-1.650 EPS and its Q3 guidance at $1.55-1.65 EPS.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 issued its earnings results on Thursday, August 1st. The industrial products company reported $1.51 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.37 by $0.14. The business had revenue of $604.34 million during the quarter, compared to analysts' expectations of $574.32 million. Belden had a return on equity of 21.13% and a net margin of 8.51%. The business's revenue for the quarter was down 12.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.91 EPS. On average, analysts expect Belden to post $6 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Belden Trading Up 0.9 %

Shares of NYSE:BDC traded up $1.05 during midday trading on Thursday, hitting $117.62. 213,994 shares of the stock were exchanged, compared to its average volume of 270,190. The business's 50-day moving average price is $110.36 and its 200 day moving average price is $98.59. Belden has a 12 month low of $60.54 and a 12 month high of $123.03. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.25 and a current ratio of 1.70. The stock has a market capitalization of $4.78 billion, a price-to-earnings ratio of 23.02 and a beta of 1.07.

Belden Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 8th. Investors of record on Thursday, September 12th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Thursday, September 12th. This represents a $0.20 annualized dividend and a yield of 0.17%. Belden's dividend payout ratio is presently 3.91%.

Insider Buying and Selling

In other Belden news, Director Nancy E. Calderon sold 2,500 shares of the stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $95.98, for a total transaction of $239,950.00. Following the completion of the sale, the director now directly owns 6,954 shares in the company, valued at approximately $667,444.92. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, Director Nancy E. Calderon sold 2,500 shares of the company's stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $95.98, for a total transaction of $239,950.00. Following the sale, the director now owns 6,954 shares in the company, valued at $667,444.92. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Brian Edward Anderson sold 6,556 shares of the firm's stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $100.46, for a total value of $658,615.76. Following the sale, the senior vice president now directly owns 32,829 shares of the company's stock, valued at $3,298,001.34. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 10,318 shares of company stock valued at $1,020,715 over the last quarter. Insiders own 1.59% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on BDC shares. Truist Financial raised their price target on shares of Belden from $123.00 to $124.00 and gave the company a "buy" rating in a research note on Friday, August 2nd. Vertical Research began coverage on Belden in a research report on Tuesday, July 23rd. They set a "buy" rating and a $110.00 target price for the company. Finally, Benchmark upped their price target on Belden from $115.00 to $120.00 and gave the company a "buy" rating in a research report on Wednesday, September 18th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of $112.00.

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.