Belden (BDC) to Release Quarterly Earnings on Thursday

Belden (NYSE:BDC - Get Free Report) is set to post its quarterly earnings results before the market opens on Thursday, May 2nd. Analysts expect Belden to post earnings of $1.05 per share for the quarter. Belden has set its Q1 guidance at $1.00-1.10 EPS and its Q1 2024 guidance at 1.000-1.100 EPS.Persons interested in registering for the company's earnings conference call can do so using this link.

Belden (NYSE:BDC - Get Free Report) last issued its quarterly earnings results on Thursday, February 8th. The industrial products company reported $1.46 earnings per share for the quarter, beating analysts' consensus estimates of $1.12 by $0.34. Belden had a net margin of 9.66% and a return on equity of 25.11%. The firm had revenue of $551.24 million during the quarter, compared to the consensus estimate of $522.06 million. During the same period in the prior year, the firm earned $1.75 EPS. The business's revenue was down 16.4% on a year-over-year basis. On average, analysts expect Belden to post $5 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Belden Stock Performance

Belden stock traded down $0.36 during mid-day trading on Thursday, reaching $82.89. The company had a trading volume of 270,407 shares, compared to its average volume of 275,324. The company has a quick ratio of 1.72, a current ratio of 2.30 and a debt-to-equity ratio of 1.03. Belden has a 52 week low of $60.54 and a 52 week high of $99.13. The company has a 50 day moving average of $86.90 and a 200-day moving average of $78.34. The firm has a market cap of $3.37 billion, a price-to-earnings ratio of 14.71 and a beta of 1.04.

Belden Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 9th. Shareholders of record on Thursday, March 14th were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.24%. The ex-dividend date of this dividend was Wednesday, March 13th. Belden's dividend payout ratio (DPR) is presently 3.53%.

Insider Buying and Selling

In related news, EVP Brian Lieser sold 2,056 shares of Belden stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $82.30, for a total transaction of $169,208.80. Following the transaction, the executive vice president now owns 21,772 shares of the company's stock, valued at approximately $1,791,835.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.42% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on BDC. StockNews.com downgraded shares of Belden from a "buy" rating to a "hold" rating in a report on Monday. Truist Financial increased their price target on shares of Belden from $89.00 to $98.00 and gave the company a "buy" rating in a report on Friday, February 9th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $102.25.

About Belden

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.