Somewhat Negative Media Coverage Likely to Affect Belden (BDC) Share Price

News headlines about Belden (NYSE:BDC) have been trending somewhat negative recently, AlphaOne reports. The research firm, a service of Accern, rates the sentiment of press coverage by monitoring more than 20 million blog and news sources. AlphaOne 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 0.00 on AlphaOne’s scale. AlphaOne also gave news stories about the industrial products company an impact score of 79 out of 100, indicating that recent press coverage is likely to have an impact on the stock’s share price in the next several days.

Here are some of the news stories that may have impacted AlphaOne’s rankings:

Insider Buying and Selling by Quarter for Belden (NYSE:BDC)

Belden (BDC) traded down 1.687% during trading on Tuesday, hitting $75.455. 169,556 shares of the company traded hands. The firm has a market capitalization of $3.19 billion, a P/E ratio of 28.388 and a beta of 2.29. Belden has a 12-month low of $54.97 and a 12-month high of $81.33. The stock has a 50-day moving average price of $72.66 and a 200-day moving average price of $72.99.

Belden (NYSE:BDC) last released its quarterly earnings results on Wednesday, May 3rd. The industrial products company reported $0.92 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.03. The business had revenue of $551.40 million during the quarter, compared to analyst estimates of $551.14 million. Belden had a return on equity of 18.25% and a net margin of 5.80%. Belden’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.01 EPS. Equities analysts expect that Belden will post $5.15 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 6th. Investors of record on Thursday, June 15th will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.26%. The ex-dividend date is Tuesday, June 13th. Belden’s payout ratio is currently 7.55%.

A number of research firms have recently issued reports on BDC. Zacks Investment Research upgraded shares of Belden from a “sell” rating to a “hold” rating in a report on Tuesday, March 14th. Seaport Global Securities began coverage on shares of Belden in a report on Thursday, March 2nd. They issued a “buy” rating and a $82.00 price objective on the stock. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $81.71.

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About Belden

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).new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “BDC”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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