Belden - BDC Stock Forecast, Price & News

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Belden in the last year. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" BDC shares.
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3 analysts have issued 12 month target prices for Belden's shares. Their BDC share price forecasts range from $67.00 to $88.00. On average, they predict the company's stock price to reach $77.33 in the next twelve months. This suggests a possible upside of 30.1% from the stock's current price.
View analysts price targets for BDC or view top-rated stocks among Wall Street analysts.

Belden's stock was trading at $65.73 at the start of the year. Since then, BDC stock has decreased by 9.6% and is now trading at $59.45.
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Belden saw a drop in short interest during the month of August. As of August 15th, there was short interest totaling 1,180,000 shares, a drop of 19.7% from the July 31st total of 1,470,000 shares. Based on an average trading volume of 293,700 shares, the short-interest ratio is presently 4.0 days. Currently, 2.8% of the company's shares are sold short.
View Belden's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 2nd 2022.
View our BDC earnings forecast.

Belden Inc. (NYSE:BDC) announced its quarterly earnings results on Wednesday, August, 3rd. The industrial products company reported $1.60 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.43 by $0.17. The industrial products company had revenue of $666.60 million for the quarter, compared to the consensus estimate of $633.68 million. Belden had a trailing twelve-month return on equity of 25.73% and a net margin of 3.37%. The firm's quarterly revenue was up 15.7% compared to the same quarter last year. During the same period last year, the firm posted $1.21 EPS.

Belden declared a quarterly dividend on Friday, August 26th. Shareholders of record on Thursday, September 15th will be given a dividend of $0.05 per share on Thursday, October 6th. This represents a $0.20 dividend on an annualized basis and a yield of 0.34%. The ex-dividend date is Wednesday, September 14th.
Read our dividend analysis for BDC.

Belden (NYSE:BDC) pays an annual dividend of $0.20 per share and currently has a dividend yield of 0.33%. The dividend payout ratio is 10.53%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BDC will have a dividend payout ratio of 3.28% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for BDC.

Belden updated its third quarter 2022 earnings guidance on Wednesday, August, 10th. The company provided earnings per share (EPS) guidance of $1.50-$1.60 for the period, compared to the consensus EPS estimate of $1.48. The company issued revenue guidance of $625.00 million-$640.00 million, compared to the consensus revenue estimate of $634.29 million.

1 employees have rated Belden Chief Executive Officer Roel Vestjens on Glassdoor.com. Roel Vestjens has an approval rating of 100% among the company's employees. This puts Roel Vestjens in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Belden investors own include CA (CA), Endologix (ELGX), BlackRock (BLK), Hawkins (HWKN), Chipotle Mexican Grill (CMG), Aegean Marine Petroleum Network (ANW), Athabasca Oil (ATH), Gran Tierra Energy (GTE), Och-Ziff Capital Management Group (OZM) and AutoZone (AZO).

Belden trades on the New York Stock Exchange (NYSE) under the ticker symbol "BDC."

Belden's stock is owned by many different retail and institutional investors. Top institutional shareholders include Price T Rowe Associates Inc. MD (7.12%), Victory Capital Management Inc. (5.23%), Pzena Investment Management LLC (4.12%), Allspring Global Investments Holdings LLC (3.30%), State Street Corp (3.30%) and William Blair Investment Management LLC (2.20%). Insiders that own company stock include Anshuman Mehrotra, Ashish Chand, Biddle Neil, John S Stroup, Jonathan C Klein, Judy L Brown and Roel Vestjens.
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Shares of BDC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of BDC stock can currently be purchased for approximately $59.45.

Belden (NYSE:BDC) has a market capitalization of $2.59 billion and generates $2.41 billion in revenue each year. The industrial products company earns $63.92 million in net income (profit) each year or $1.90 on an earnings per share basis.

The company employs 6,200 workers across the globe.

Belden's mailing address is 1 NORTH BRENTWOOD BLVD 15TH FLOOR, ST. LOUIS MO, 63105. The official website for the company is www.belden.com. The industrial products company can be reached via phone at (314) 854-8000, via email at investor.relations@belden.com, or via fax at 314-854-8001.