News articles about Belden (NYSE:BDC) have been trending somewhat positive on Sunday, Accern Sentiment reports. Accern rates the sentiment of media coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Belden earned a coverage optimism score of 0.17 on Accern’s scale. Accern also assigned headlines about the industrial products company an impact score of 44.7645298248091 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Belden (BDC) opened at $79.22 on Friday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.79 and a current ratio of 2.26. Belden has a 12-month low of $64.60 and a 12-month high of $86.85. The stock has a market capitalization of $3,341.02, a price-to-earnings ratio of 15.47 and a beta of 2.26.
Belden (NYSE:BDC) last announced its quarterly earnings data on Wednesday, November 1st. The industrial products company reported $1.49 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.41 by $0.08. The business had revenue of $621.74 million during the quarter, compared to analyst estimates of $626.05 million. Belden had a return on equity of 17.52% and a net margin of 4.03%. The company’s revenue was up 3.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.29 earnings per share. sell-side analysts expect that Belden will post 5.52 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, January 4th. Stockholders of record on Friday, December 15th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.25%. The ex-dividend date is Thursday, December 14th. Belden’s dividend payout ratio (DPR) is presently 13.79%.
Several equities analysts have recently weighed in on BDC shares. Cross Research lowered Belden from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Zacks Investment Research raised Belden from a “hold” rating to a “buy” rating and set a $92.00 price target on the stock in a research report on Friday, November 3rd. Canaccord Genuity reissued a “buy” rating and set a $94.00 price target on shares of Belden in a research report on Friday, December 1st. Guggenheim restated a “buy” rating and set a $90.00 price objective on shares of Belden in a report on Monday, September 25th. Finally, ValuEngine upgraded Belden from a “hold” rating to a “buy” rating in a report on Monday, September 11th. Seven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $89.50.
In other news, Chairman John S. Stroup sold 17,227 shares of the business’s stock in a transaction on Monday, October 9th. The stock was sold at an average price of $84.75, for a total transaction of $1,459,988.25. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.31% of the stock is owned by insiders.
Belden Inc is a signal transmission solutions provider company. The Company operates through five segment: Broadcast Solutions (Broadcast), Enterprise Connectivity Solutions (Enterprise), Industrial Connectivity Solutions (Industrial Connectivity), Industrial IT Solutions (Industrial IT), and Network Security Solutions (Network Security).
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