Belden (NYSE:BDC) Releases Q4 2019 Pre-Market Earnings Guidance

Belden (NYSE:BDC) issued an update on its fourth quarter 2019
Pre-Market earnings guidance on Tuesday morning. The company provided earnings per share guidance of 1.00-1.15 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.94. The company issued revenue guidance of $510-530 million, compared to the consensus revenue estimate of $496.58 million.Belden also updated its FY 2019
Pre-Market guidance to 4.32-4.47 EPS.

Shares of BDC opened at $51.23 on Wednesday. The company has a current ratio of 1.94, a quick ratio of 1.44 and a debt-to-equity ratio of 1.29. The firm has a market cap of $2.44 billion, a PE ratio of 8.45 and a beta of 2.36. Belden has a 12 month low of $37.79 and a 12 month high of $64.33. The stock has a fifty day moving average price of $53.42 and a 200-day moving average price of $52.48.

Belden (NYSE:BDC) last issued its quarterly earnings results on Wednesday, October 30th. The industrial products company reported $1.18 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.41 by ($0.23). Belden had a positive return on equity of 18.09% and a negative net margin of 7.44%. The business had revenue of $620.32 million for the quarter, compared to analysts’ expectations of $632.68 million. During the same quarter in the previous year, the firm posted $1.72 EPS. Belden’s revenue was down 5.4% on a year-over-year basis. As a group, research analysts forecast that Belden will post 4.41 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 7th. Shareholders of record on Thursday, December 19th will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.39%. The ex-dividend date of this dividend is Wednesday, December 18th. Belden’s dividend payout ratio is presently 3.30%.

A number of research analysts have issued reports on BDC shares. ValuEngine upgraded shares of Belden from a strong sell rating to a sell rating in a research note on Thursday, November 7th. Zacks Investment Research downgraded shares of Belden from a hold rating to a strong sell rating in a research note on Wednesday, November 6th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. Belden has a consensus rating of Hold and an average target price of $60.18.

In other Belden news, insider Biddle Neil acquired 1,000,000 shares of the business’s stock in a transaction dated Friday, October 11th. The shares were purchased at an average price of $0.10 per share, for a total transaction of $96,000.00. Insiders bought a total of 1,556,961 shares of company stock worth $150,668 over the last ninety days. Insiders own 1.52% of the company’s stock.

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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