Q1 2018 EPS Estimates for Belden Inc Decreased by Analyst (BDC)

Belden Inc (NYSE:BDC) – Stock analysts at SunTrust Banks cut their Q1 2018 earnings per share estimates for shares of Belden in a research report issued to clients and investors on Wednesday. SunTrust Banks analyst W. Stein now forecasts that the industrial products company will post earnings of $1.03 per share for the quarter, down from their prior estimate of $1.09. SunTrust Banks also issued estimates for Belden’s Q2 2018 earnings at $1.20 EPS, Q4 2018 earnings at $1.90 EPS and FY2018 earnings at $6.08 EPS.

Belden (NYSE:BDC) last issued its earnings results on Wednesday, November 1st. The industrial products company reported $1.49 EPS for the quarter, beating 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 firm had revenue of $621.74 million for the quarter, compared to the consensus estimate of $626.05 million. During the same quarter in the previous year, the company posted $1.29 earnings per share. The business’s quarterly revenue was up 3.4% compared to the same quarter last year.

Several other analysts also recently issued reports on BDC. BidaskClub upgraded Belden from a “sell” rating to a “hold” rating in a research note on Saturday, August 26th. ValuEngine upgraded Belden from a “hold” rating to a “buy” rating in a research note on Monday, September 11th. Canaccord Genuity reiterated a “buy” rating and set a $88.00 price target (up previously from $83.00) on shares of Belden in a research note on Wednesday, September 13th. Guggenheim reiterated a “buy” rating and set a $90.00 price target on shares of Belden in a research note on Monday, September 25th. Finally, Zacks Investment Research downgraded Belden from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. Seven research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $89.50.

Shares of Belden (BDC) opened at $82.30 on Friday. The stock has a market capitalization of $3,451.51, a PE ratio of 15.98 and a beta of 2.26. Belden has a 52 week low of $64.60 and a 52 week 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 firm also recently announced a quarterly dividend, which will be paid on Thursday, January 4th. Investors of record on Friday, December 15th will be paid a dividend of $0.05 per share. The ex-dividend date is Thursday, December 14th. This represents a $0.20 annualized dividend and a yield of 0.24%. Belden’s payout ratio is 13.79%.

In related news, SVP Paul Keith Turner sold 3,709 shares of the stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $78.91, for a total transaction of $292,677.19. Following the completion of the sale, the senior vice president now owns 4,967 shares in the company, valued at approximately $391,945.97. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Chairman John S. Stroup sold 17,227 shares of the stock in a transaction that occurred on Monday, October 9th. The shares were sold at an average price of $84.75, for a total value of $1,459,988.25. The disclosure for this sale can be found here. 1.31% of the stock is owned by corporate insiders.

Large investors have recently made changes to their positions in the stock. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Belden by 10.1% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,744 shares of the industrial products company’s stock valued at $132,000 after purchasing an additional 160 shares during the period. World Asset Management Inc bought a new stake in Belden during the 2nd quarter valued at approximately $201,000. Ladenburg Thalmann Financial Services Inc. boosted its stake in Belden by 550.4% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,634 shares of the industrial products company’s stock valued at $212,000 after purchasing an additional 2,229 shares during the period. Riverhead Capital Management LLC boosted its stake in Belden by 70.4% during the 2nd quarter. Riverhead Capital Management LLC now owns 2,897 shares of the industrial products company’s stock valued at $218,000 after purchasing an additional 1,197 shares during the period. Finally, OxFORD Asset Management LLP acquired a new position in Belden in the 3rd quarter valued at approximately $224,000.

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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).

Earnings History and Estimates for Belden (NYSE:BDC)

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