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 12 month price objectives for Belden's shares. Their BDC share price forecasts range from $76.00 to $88.00. On average, they expect the company's share price to reach $83.00 in the next twelve months. This suggests a possible upside of 4.1% from the stock's current price.
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Belden's stock was trading at $65.73 at the beginning of the year. Since then, BDC stock has increased by 21.3% and is now trading at $79.75.
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Belden saw a decrease in short interest during the month of October. As of October 31st, there was short interest totaling 983,400 shares, a decrease of 11.4% from the October 15th total of 1,110,000 shares. Based on an average daily volume of 229,400 shares, the days-to-cover ratio is currently 4.3 days. Approximately 2.3% of the company's 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 Inc. (NYSE:BDC) issued its earnings results 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 had revenue of $670.49 million for the quarter, compared to the consensus estimate of $634.29 million. Belden had a trailing twelve-month return on equity of 26.35% and a net margin of 5.53%. The business's revenue was up 10.9% compared to the same quarter last year. During the same quarter last year, the company earned $1.31 earnings per share.

Belden announced a quarterly dividend on Friday, August 26th. Investors 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 annualized dividend and a dividend yield of 0.25%. 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 0.25%. 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 3.11% 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 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 many different institutional and retail investors. Top institutional shareholders include BlackRock Inc. (11.01%), Vanguard Group Inc. (10.30%), Victory Capital Management Inc. (4.87%), Alliancebernstein L.P. (3.93%), Boston Partners (3.34%) and State Street Corp (3.38%). 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 $79.75.

Belden (NYSE:BDC) has a market capitalization of $3.41 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.