Wall Street analysts expect Belden Inc (NYSE:BDC) to post sales of $645.75 million for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for Belden’s earnings, with estimates ranging from $624.90 million to $651.18 million. Belden reported sales of $612.44 million in the same quarter last year, which would suggest a positive year over year growth rate of 5.4%. The business is scheduled to issue its next earnings results on Thursday, February 1st.
According to Zacks, analysts expect that Belden will report full year sales of $645.75 million for the current financial year, with estimates ranging from $2.41 billion to $2.44 billion. For the next fiscal year, analysts expect that the business will post sales of $2.52 billion per share, with estimates ranging from $2.45 billion to $2.56 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Belden.
Belden (NYSE:BDC) last released its quarterly earnings results on Wednesday, November 1st. The industrial products company reported $1.49 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.41 by $0.08. Belden had a return on equity of 17.52% and a net margin of 4.03%. The business had revenue of $621.74 million for the quarter, compared to analysts’ expectations of $626.05 million. During the same quarter in the previous year, the firm posted $1.29 earnings per share. The company’s revenue was up 3.4% compared to the same quarter last year.
Belden (BDC) traded down $0.59 during trading hours on Thursday, hitting $84.10. The company had a trading volume of 386,080 shares, compared to its average volume of 190,225. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.79 and a current ratio of 2.26. Belden has a fifty-two week low of $64.60 and a fifty-two week high of $86.85. The firm has a market capitalization of $3,546.83, a PE ratio of 16.43 and a beta of 2.27.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 4th. Shareholders of record on Friday, December 15th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.24%. The ex-dividend date of this dividend is Thursday, December 14th. Belden’s payout ratio is currently 13.79%.
In other Belden news, Chairman John S. Stroup sold 17,227 shares of the company’s stock in a transaction that occurred on Monday, October 9th. The stock was sold at an average price of $84.75, for a total transaction of $1,459,988.25. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Paul Keith Turner sold 3,709 shares of the company’s stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $78.91, for a total value of $292,677.19. Following the sale, the senior vice president now owns 4,967 shares in the company, valued at approximately $391,945.97. The disclosure for this sale can be found here. Insiders have sold 21,230 shares of company stock worth $1,775,189 in the last 90 days. 1.31% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Delphi Management Inc. MA raised its stake in Belden by 44.3% during the third quarter. Delphi Management Inc. MA now owns 25,736 shares of the industrial products company’s stock valued at $2,073,000 after buying an additional 7,907 shares in the last quarter. California Public Employees Retirement System grew its holdings in shares of Belden by 1.1% during the third quarter. California Public Employees Retirement System now owns 84,642 shares of the industrial products company’s stock valued at $6,816,000 after purchasing an additional 942 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. grew its holdings in shares of Belden by 550.4% during the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,634 shares of the industrial products company’s stock valued at $212,000 after purchasing an additional 2,229 shares during the last quarter. Janus Henderson Group PLC grew its holdings in shares of Belden by 3.6% during the third quarter. Janus Henderson Group PLC now owns 5,072,653 shares of the industrial products company’s stock valued at $408,501,000 after purchasing an additional 174,365 shares during the last quarter. Finally, Jane Street Group LLC bought a new position in shares of Belden during the third quarter valued at approximately $410,000.
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Belden Inc is a signal transmission solutions provider company. The Company operates through five segment: Broadcast Solutions (Broadcast), Enterprise Connectivity Solutions (Enterprise), Industrial Connectivity Solutions (Industrial Connectivity), Industrial IT Solutions (Industrial IT), and Network Security Solutions (Network Security).
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