Press coverage about Belden (NYSE:BDC) has been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies negative and positive press coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Belden earned a media sentiment score of 0.14 on Accern’s scale. Accern also gave media stories about the industrial products company an impact score of 46.6443787914881 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Belden (NYSE:BDC) opened at $84.59 on Friday. Belden has a 12-month low of $64.60 and a 12-month high of $86.85. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.79 and a current ratio of 2.26. The stock has a market capitalization of $3,551.46, a price-to-earnings ratio of 58.34 and a beta of 2.28.
Belden (NYSE:BDC) last posted its quarterly earnings results on Wednesday, November 1st. The industrial products company reported $1.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.41 by $0.08. Belden had a return on equity of 17.52% and a net margin of 4.03%. The business had revenue of $621.74 million for the quarter, compared to the consensus estimate of $626.05 million. During the same quarter in the prior year, the company earned $1.29 EPS. The business’s revenue was up 3.4% compared to the same quarter last year. research analysts forecast that Belden will post 5.52 earnings per share for the current fiscal year.
BDC has been the topic of a number of recent research reports. 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. TheStreet downgraded Belden from a “b” rating to a “c+” rating in a research report on Wednesday, November 1st. Guggenheim reissued a “buy” rating and set a $90.00 price target on shares of Belden in a research report on Monday, September 25th. Stifel Nicolaus increased their price target on Belden from $90.00 to $97.00 and gave the stock an “in-line” rating in a research report on Wednesday, December 6th. Finally, 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. Seven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Belden currently has an average rating of “Hold” and a consensus price target of $89.50.
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Belden Company Profile
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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