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.
WARNING: “Q1 2018 EPS Estimates for Belden Inc Decreased by Analyst (BDC)” was posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this article on another site, it was stolen and republished in violation of US & international copyright legislation. The correct version of this article can be viewed at https://www.dispatchtribunal.com/2017/12/10/q1-2018-eps-estimates-for-belden-inc-decreased-by-analyst-bdc.html.
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).
Receive News & Ratings for Belden Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Belden Inc and related companies with MarketBeat.com's FREE daily email newsletter.