Belden (BDC) to Release Quarterly Earnings on Thursday

Belden (NYSE:BDC - Get Free Report) will likely be issuing its Q1 2025 quarterly earnings data before the market opens on Thursday, May 1st. Analysts expect Belden to announce earnings of $1.48 per share and revenue of $615.81 million for the quarter. Belden has set its Q1 2025 guidance at 1.430-1.530 EPS.

Belden (NYSE:BDC - Get Free Report) last posted its earnings results on Thursday, February 6th. The industrial products company reported $1.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.68 by $0.24. Belden had a net margin of 8.06% and a return on equity of 21.42%. On average, analysts expect Belden to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Belden Stock Performance

BDC stock traded down $0.36 during midday trading on Tuesday, hitting $101.89. The company's stock had a trading volume of 22,277 shares, compared to its average volume of 272,977. Belden has a 1 year low of $81.02 and a 1 year high of $131.82. The stock has a market cap of $4.05 billion, a price-to-earnings ratio of 21.14 and a beta of 1.07. The stock's 50-day moving average price is $100.72 and its 200 day moving average price is $112.09. The company has a quick ratio of 1.37, a current ratio of 1.92 and a debt-to-equity ratio of 0.87.

Belden Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 10th. Shareholders of record on Thursday, March 13th were given a dividend of $0.05 per share. The ex-dividend date was Thursday, March 13th. This represents a $0.20 annualized dividend and a yield of 0.20%. Belden's payout ratio is 4.16%.

Insider Activity at Belden

In related news, CEO Ashish Chand sold 14,535 shares of the firm's stock in a transaction on Monday, February 24th. The stock was sold at an average price of $111.45, for a total value of $1,619,925.75. Following the completion of the sale, the chief executive officer now directly owns 107,129 shares in the company, valued at $11,939,527.05. This trade represents a 11.95 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Leah Tate sold 2,400 shares of the business's stock in a transaction on Friday, February 7th. The shares were sold at an average price of $114.77, for a total transaction of $275,448.00. Following the transaction, the senior vice president now owns 23,243 shares in the company, valued at $2,667,599.11. This trade represents a 9.36 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 23,428 shares of company stock valued at $2,589,774. Corporate insiders own 1.48% of the company's stock.

Wall Street Analyst Weigh In

BDC has been the subject of a number of research reports. Loop Capital decreased their price target on shares of Belden from $155.00 to $145.00 and set a "buy" rating for the company in a research note on Tuesday, February 11th. Benchmark dropped their price target on Belden from $130.00 to $120.00 and set a "buy" rating on the stock in a research note on Monday, April 21st. The Goldman Sachs Group reduced their target price on shares of Belden from $139.00 to $120.00 and set a "buy" rating for the company in a report on Thursday, April 10th. Finally, StockNews.com cut Belden from a "strong-buy" rating to a "buy" rating in a report on Tuesday, April 15th. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Belden currently has a consensus rating of "Buy" and an average price target of $126.20.

Belden Company Profile

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.