News stories about Belden (NYSE:BDC) have been trending somewhat positive recently, according to Accern Sentiment Analysis. The research group identifies positive and negative press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Belden earned a coverage optimism score of 0.20 on Accern’s scale. Accern also assigned news coverage about the industrial products company an impact score of 46.4584484689536 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the news articles that may have effected Accern Sentiment Analysis’s analysis:
- Applied Optoelectronics (AAOI) and Belden (BDC) Critical Review (americanbankingnews.com)
- Analysts Expect Belden Inc. (BDC) Will Post Quarterly Sales of $649.15 Million (americanbankingnews.com)
- Belden Inc. (BDC) Receives Average Rating of “Hold” from Analysts (americanbankingnews.com)
- Belden Expands Portfolio of Versatile Automation Tools to Meet Increasing IIoT Connectivity Demands (finance.yahoo.com)
- Belden Inc. (BDC) Expected to Post Earnings of $1.77 Per Share (americanbankingnews.com)
A number of analysts recently commented on the company. Guggenheim reiterated a “buy” rating and set a $90.00 price objective on shares of Belden in a research report on Wednesday, December 6th. Stifel Nicolaus upped their price objective on Belden from $90.00 to $97.00 and gave the company an “in-line” rating in a research report on Wednesday, December 6th. Canaccord Genuity reiterated a “buy” rating and set a $94.00 price objective on shares of Belden in a research report on Friday, December 1st. Cross Research cut Belden from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Finally, Zacks Investment Research cut Belden from a “buy” rating to a “hold” rating in a research report on Monday, November 6th. Seven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $89.50.
Belden (NYSE:BDC) last issued its quarterly earnings results on Wednesday, November 1st. The industrial products company reported $1.49 EPS for the quarter, topping analysts’ consensus estimates of $1.41 by $0.08. The business had revenue of $621.74 million during the quarter, compared to analysts’ expectations of $626.05 million. Belden had a return on equity of 17.52% and a net margin of 4.03%. The business’s quarterly revenue was up 3.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.29 earnings per share. equities research analysts forecast that Belden will post 5.52 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, January 4th. Shareholders of record on Friday, December 15th were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.23%. The ex-dividend date of this dividend was Thursday, December 14th. Belden’s payout ratio is 13.79%.
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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