Media headlines about Belden (NYSE:BDC) have trended somewhat positive recently, according to Accern. The research firm identifies negative and positive press coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Belden earned a media sentiment score of 0.16 on Accern’s scale. Accern also gave headlines about the industrial products company an impact score of 46.2790483768635 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
BDC has been the subject of several recent research reports. Stifel Nicolaus raised their price objective on Belden from $90.00 to $97.00 and gave the company an “in-line” rating in a research report on Wednesday, December 6th. TheStreet lowered Belden from a “b” rating to a “c+” rating in a research report on Wednesday, November 1st. Guggenheim restated a “buy” rating and set a $90.00 price target on shares of Belden in a report on Wednesday, December 6th. Zacks Investment Research downgraded Belden from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 3rd. Finally, Canaccord Genuity restated a “buy” rating and set a $94.00 price target on shares of Belden in a report on Friday, December 1st. Seven research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $89.50.
Belden (NYSE:BDC) traded up $1.79 during midday trading on Friday, reaching $83.95. The company had a trading volume of 173,200 shares, compared to its average volume of 281,825. The company has a market cap of $3,540.00, a P/E ratio of 58.30 and a beta of 2.28. The company has a debt-to-equity ratio of 1.06, a current ratio of 2.26 and a quick ratio of 1.79. Belden has a 52 week low of $64.60 and a 52 week high of $86.85.
Belden (NYSE:BDC) last announced its earnings results on Wednesday, November 1st. The industrial products company reported $1.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.41 by $0.08. The business had revenue of $621.74 million for the quarter, compared to analysts’ expectations of $626.05 million. Belden had a return on equity of 17.52% and a net margin of 4.03%. The business’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same period last year, the firm posted $1.29 earnings per share. equities research analysts anticipate that Belden will post 5.52 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, January 4th. Shareholders of record on Friday, December 15th were given a $0.05 dividend. The ex-dividend date of this dividend was Thursday, December 14th. This represents a $0.20 annualized dividend and a yield of 0.24%. Belden’s payout ratio is 13.89%.
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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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