Belden (NYSE:BDC) Issues Q2 Earnings Guidance

Belden (NYSE:BDC) issued an update on its second quarter earnings guidance on Thursday morning. The company provided EPS guidance of $1.30-1.40 for the period, compared to the consensus EPS estimate of $1.35.

Belden Price Performance

Belden stock opened at $88.23 on Friday. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.72 and a current ratio of 2.55. The firm has a market cap of $3.59 billion, a P/E ratio of 17.27 and a beta of 1.07. The business’s fifty day moving average is $87.12 and its two-hundred day moving average is $78.23. Belden has a 52 week low of $60.54 and a 52 week high of $99.13.

Belden (NYSE:BDC) last posted its quarterly earnings data on Thursday, May 2nd. The industrial products company reported $1.24 EPS for the quarter, topping analysts’ consensus estimates of $1.05 by $0.19. The company had revenue of $536.00 million for the quarter, compared to analyst estimates of $514.27 million. Belden had a return on equity of 23.11% and a net margin of 9.01%. The business’s revenue was down 16.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.68 earnings per share. Equities research analysts forecast that Belden will post 5.77 earnings per share for the current fiscal year.

Belden Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 9th. Stockholders of record on Thursday, March 14th were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.23%. The ex-dividend date of this dividend was Wednesday, March 13th. Belden’s dividend payout ratio (DPR) is presently 3.91%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. StockNews.com raised Belden from a hold rating to a buy rating in a research note on Thursday. Truist Financial upped their price target on Belden from $98.00 to $101.00 and gave the company a buy rating in a research note on Friday. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of Moderate Buy and an average target price of $103.00.

Insider Buying and Selling at Belden

In other Belden news, EVP Brian Lieser sold 2,056 shares of the stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $82.30, for a total value of $169,208.80. Following the transaction, the executive vice president now owns 21,772 shares of the company’s stock, valued at $1,791,835.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 1.59% of the company’s stock.

Belden Company Profile

Belden Inc designs, manufactures, and markets a portfolio of signal transmission solutions for mission critical applications in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. It operates in two segments, Enterprise Solutions and Industrial Automation 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 to the home, and building automation.