Belden - BDC Stock Forecast, Price & News

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Belden in the last twelve months. There are currently 2 hold ratings 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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4 equities research analysts have issued 1 year target prices for Belden's shares. Their BDC share price forecasts range from $76.00 to $88.00. On average, they predict the company's share price to reach $83.00 in the next year. This suggests a possible upside of 5.3% from the stock's current price.
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Belden's stock was trading at $71.90 at the start of the year. Since then, BDC shares have increased by 9.6% and is now trading at $78.79.
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Belden saw a increase in short interest during the month of January. As of January 15th, there was short interest totaling 1,170,000 shares, an increase of 8.3% from the December 31st total of 1,080,000 shares. Based on an average daily volume of 268,100 shares, the days-to-cover ratio is currently 4.4 days. Approximately 2.8% of the shares of the stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 8th 2023.
View our BDC earnings forecast.

Belden will be holding an earnings conference call on Wednesday, February 8th at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link.

Belden Inc. (NYSE:BDC) posted its quarterly earnings data on Wednesday, November, 2nd. The industrial products company reported $1.77 earnings per share for the quarter, topping the consensus estimate of $1.57 by $0.20. The industrial products company earned $670.49 million during the quarter, compared to analyst estimates of $634.29 million. Belden had a net margin of 5.53% and a trailing twelve-month return on equity of 26.35%. The business's revenue for the quarter was up 10.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.31 earnings per share.

Belden declared a quarterly dividend on Wednesday, November 30th. Investors of record on Thursday, December 15th will be paid a dividend of $0.05 per share on Thursday, January 5th. This represents a $0.20 annualized dividend and a dividend yield of 0.25%. The ex-dividend date of this dividend is Wednesday, December 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 0.25%. The dividend payout ratio is 6.21%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BDC will have a dividend payout ratio of 3.12% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for BDC.

Belden issued an update on its fourth quarter 2022 earnings guidance on Wednesday, November, 9th. The company provided EPS guidance of $1.60-$1.70 for the period, compared to the consensus EPS estimate of $1.57. The company issued revenue guidance of $635.00 million-$650.00 million, compared to the consensus revenue estimate of $631.71 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 a number of institutional and retail investors. Top institutional investors include Allspring Global Investments Holdings LLC (3.39%), Ziegler Capital Management LLC (0.35%), Wedge Capital Management L L P NC (0.22%), New York State Teachers Retirement System (0.15%), Comerica Bank (0.11%) and Oak Family Advisors LLC (0.07%). Insiders that own company stock include Anshuman Mehrotra, Ashish Chand, Doug Zink, 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 $78.79.

Belden (NYSE:BDC) has a market capitalization of $3.37 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 $3.22 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.