Brokerages Expect Belden Inc. (BDC) to Announce $0.90 EPS

Equities research analysts expect Belden Inc. (NYSE:BDC) to announce $0.90 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for Belden’s earnings, with estimates ranging from $0.89 to $0.91. Belden reported earnings of $1.16 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 22.4%. The company is expected to report its next quarterly earnings report on Wednesday, May 1st.

On average, analysts expect that Belden will report full year earnings of $5.88 per share for the current fiscal year, with EPS estimates ranging from $5.80 to $5.99. For the next year, analysts forecast that the company will post earnings of $6.45 per share, with EPS estimates ranging from $6.27 to $6.62. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Belden.

Belden (NYSE:BDC) last posted its quarterly earnings data on Wednesday, February 20th. The industrial products company reported $1.66 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.63 by $0.03. Belden had a net margin of 6.22% and a return on equity of 21.37%. The business had revenue of $655.39 million during the quarter, compared to analyst estimates of $661.84 million. During the same quarter last year, the firm posted $1.62 earnings per share. The business’s revenue for the quarter was up 8.3% compared to the same quarter last year.

BDC has been the subject of several recent research reports. Zacks Investment Research raised shares of Belden from a “sell” rating to a “hold” rating in a research note on Tuesday, March 5th. Goldman Sachs Group lowered Belden from a “buy” rating to a “neutral” rating and set a $55.78 price target on the stock. in a report on Sunday, December 9th. Seaport Global Securities reissued a “buy” rating on shares of Belden in a report on Friday, February 15th. TheStreet raised Belden from a “c+” rating to a “b-” rating in a report on Thursday, February 28th. Finally, Longbow Research raised Belden from a “neutral” rating to a “buy” rating and set a $41.92 price target on the stock in a report on Thursday, January 3rd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $69.18.

Shares of NYSE BDC traded up $1.00 during midday trading on Monday, hitting $54.70. The company’s stock had a trading volume of 364,600 shares, compared to its average volume of 522,421. 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 1 year low of $37.79 and a 1 year high of $76.39. The firm has a market cap of $2.12 billion, a price-to-earnings ratio of 9.03 and a beta of 2.59.

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 4th. Investors of record on Thursday, March 14th will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.37%. The ex-dividend date is Wednesday, March 13th. Belden’s payout ratio is currently 3.30%.

A number of large investors have recently added to or reduced their stakes in BDC. American Century Companies Inc. increased its position in shares of Belden by 37.6% during the fourth quarter. American Century Companies Inc. now owns 650,706 shares of the industrial products company’s stock valued at $27,180,000 after acquiring an additional 177,716 shares in the last quarter. Geode Capital Management LLC grew its holdings in Belden by 5.6% during the 4th quarter. Geode Capital Management LLC now owns 513,997 shares of the industrial products company’s stock valued at $21,468,000 after purchasing an additional 27,040 shares during the last quarter. Norges Bank bought a new position in Belden during the 4th quarter valued at about $6,044,000. FMR LLC grew its holdings in Belden by 2.0% during the 4th quarter. FMR LLC now owns 167,023 shares of the industrial products company’s stock valued at $6,976,000 after purchasing an additional 3,265 shares during the last quarter. Finally, Public Employees Retirement System of Ohio boosted its position in Belden by 12.6% in the 4th quarter. Public Employees Retirement System of Ohio now owns 2,185 shares of the industrial products company’s stock valued at $91,000 after buying an additional 244 shares during the period.

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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