Belden (BDC) Set to Announce Quarterly Earnings on Thursday

Belden (NYSE:BDC) is scheduled to be announcing its earnings results before the market opens on Thursday, May 2nd. Analysts expect the company to announce earnings of $1.05 per share for the quarter. Belden has set its Q1 guidance at $1.00-1.10 EPS and its Q1 2024 guidance at 1.000-1.100 EPS.Investors that are interested in participating in the company’s conference call can do so using this link.

Belden (NYSE:BDC) last posted its earnings results on Thursday, February 8th. The industrial products company reported $1.46 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.34. Belden had a net margin of 9.66% and a return on equity of 25.11%. The business had revenue of $551.24 million for the quarter, compared to analysts’ expectations of $522.06 million. During the same period in the previous year, the company posted $1.75 earnings per share. The business’s revenue for the quarter was down 16.4% compared to the same quarter last year. On average, analysts expect Belden to post $5 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Belden Trading Down 1.2 %

NYSE BDC opened at $83.25 on Thursday. The company has a current ratio of 2.30, a quick ratio of 1.72 and a debt-to-equity ratio of 1.03. The company’s fifty day simple moving average is $86.90 and its 200-day simple moving average is $78.34. The stock has a market cap of $3.38 billion, a P/E ratio of 14.71 and a beta of 1.04. Belden has a 52 week low of $60.54 and a 52 week high of $99.13.

Belden Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 9th. Investors of record on Thursday, March 14th were paid a $0.05 dividend. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.24%. Belden’s dividend payout ratio (DPR) is presently 3.53%.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Truist Financial lifted their price target on shares of Belden from $89.00 to $98.00 and gave the stock a “buy” rating in a research note on Friday, February 9th. StockNews.com lowered shares of Belden from a “buy” rating to a “hold” rating in a research note on Monday. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, Belden currently has a consensus rating of “Moderate Buy” and an average target price of $102.25.

Insider Buying and Selling at Belden

In other Belden news, EVP Brian Lieser sold 2,056 shares of the business’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $82.30, for a total transaction of $169,208.80. Following the completion of the sale, the executive vice president now owns 21,772 shares in the company, valued at $1,791,835.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.42% of the stock is owned by insiders.

About Belden

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.