Jefferies Financial Group Weighs in on Belden Inc.’s FY2022 Earnings (NYSE:BDC)

Belden Inc. (NYSE:BDCGet Rating) – Stock analysts at Jefferies Financial Group issued their FY2022 EPS estimates for shares of Belden in a research report issued on Sunday, January 22nd. Jefferies Financial Group analyst D. Kelley expects that the industrial products company will post earnings of $6.33 per share for the year. Jefferies Financial Group currently has a “Hold” rating and a $86.00 price objective on the stock. The consensus estimate for Belden’s current full-year earnings is $6.33 per share. Jefferies Financial Group also issued estimates for Belden’s Q4 2022 earnings at $1.65 EPS, Q1 2023 earnings at $1.54 EPS, Q2 2023 earnings at $1.60 EPS, Q3 2023 earnings at $1.64 EPS, Q4 2023 earnings at $1.61 EPS, FY2023 earnings at $6.39 EPS and FY2024 earnings at $7.03 EPS.

BDC has been the subject of a number of other research reports. The Goldman Sachs Group upped their price objective on shares of Belden from $67.00 to $76.00 and gave the company a “neutral” rating in a research report on Thursday, November 3rd. Truist Financial upped their price objective on shares of Belden from $77.00 to $82.00 in a research report on Thursday, November 3rd. Finally, StockNews.com began coverage on Belden in a report on Wednesday, October 12th. They set a “strong-buy” rating for the company. Two research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $83.00.

Belden Price Performance

BDC opened at $79.10 on Wednesday. The company has a quick ratio of 1.89, a current ratio of 2.54 and a debt-to-equity ratio of 0.92. Belden has a 12 month low of $47.89 and a 12 month high of $82.83. The company has a fifty day simple moving average of $76.94 and a 200 day simple moving average of $69.73. The stock has a market cap of $3.39 billion, a P/E ratio of 24.57 and a beta of 1.35.

Belden (NYSE:BDCGet Rating) last issued its earnings results on Wednesday, November 2nd. The industrial products company reported $1.77 EPS for the quarter, beating the consensus estimate of $1.57 by $0.20. The company had revenue of $670.49 million during the quarter, compared to analysts’ expectations of $634.29 million. Belden had a net margin of 5.53% and a return on equity of 26.35%. The business’s revenue for the quarter was up 10.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.31 EPS.

Belden Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 5th. Stockholders of record on Thursday, December 15th were paid a dividend of $0.05 per share. The ex-dividend date was Wednesday, December 14th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.25%. Belden’s dividend payout ratio is 6.21%.

Insider Transactions at Belden

In other news, Director Jonathan C. Klein sold 1,000 shares of the stock in a transaction dated Tuesday, November 22nd. The shares were sold at an average price of $79.82, for a total transaction of $79,820.00. Following the completion of the transaction, the director now directly owns 14,053 shares in the company, valued at approximately $1,121,710.46. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 1.06% of the company’s stock.

Institutional Investors Weigh In On Belden

Several hedge funds have recently bought and sold shares of BDC. BTC Capital Management Inc. lifted its position in Belden by 2.7% during the second quarter. BTC Capital Management Inc. now owns 6,722 shares of the industrial products company’s stock worth $358,000 after acquiring an additional 175 shares during the last quarter. Measured Wealth Private Client Group LLC increased its holdings in shares of Belden by 3.5% during the second quarter. Measured Wealth Private Client Group LLC now owns 5,882 shares of the industrial products company’s stock worth $313,000 after purchasing an additional 199 shares during the period. Eagle Bay Advisors LLC increased its holdings in shares of Belden by 13.4% during the third quarter. Eagle Bay Advisors LLC now owns 1,721 shares of the industrial products company’s stock worth $104,000 after purchasing an additional 203 shares during the period. Amalgamated Bank increased its holdings in shares of Belden by 0.7% during the third quarter. Amalgamated Bank now owns 29,558 shares of the industrial products company’s stock worth $1,774,000 after purchasing an additional 207 shares during the period. Finally, Texas Permanent School Fund increased its holdings in shares of Belden by 0.7% during the second quarter. Texas Permanent School Fund now owns 32,063 shares of the industrial products company’s stock worth $1,708,000 after purchasing an additional 232 shares during the period. 99.88% of the stock is currently owned by institutional investors and hedge funds.

Belden Company Profile

(Get Rating)

Belden Inc provides portfolio of signal transmission solutions in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. It operates in two segments, Enterprise Solutions and Industrial Solutions. The Enterprise Solutions segment offers copper cable and connectivity solutions, fiber cable and connectivity solutions, interconnect panels, racks and enclosures, and signal extension and matrix switching systems for use in applications, such as local area networks, data centers, access control, 5G, fiber, and home and building automation.

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