Media stories about Belden (NYSE:BDC) have been trending somewhat positive on Wednesday, Accern reports. The research group identifies negative and positive press coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Belden earned a daily sentiment score of 0.13 on Accern’s scale. Accern also assigned media stories about the industrial products company an impact score of 45.9980209414447 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the news articles that may have effected Accern Sentiment’s rankings:
NYSE BDC opened at $67.17 on Wednesday. The company has a market capitalization of $2,875.60, a PE ratio of 12.56 and a beta of 2.34. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.02 and a quick ratio of 1.58. Belden has a 12 month low of $64.51 and a 12 month high of $87.14.
Belden (NYSE:BDC) last released its quarterly earnings data on Thursday, February 1st. The industrial products company reported $1.62 EPS for the quarter, missing the consensus estimate of $1.77 by ($0.15). The company had revenue of $604.88 million during the quarter, compared to analyst estimates of $648.92 million. Belden had a net margin of 3.90% and a return on equity of 18.20%. The company’s quarterly revenue was down 1.2% compared to the same quarter last year. During the same period in the previous year, the company posted $1.42 EPS. sell-side analysts forecast that Belden will post 6.09 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 5th. Stockholders of record on Thursday, March 15th were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.30%. The ex-dividend date was Wednesday, March 14th. Belden’s payout ratio is presently 3.74%.
A number of research firms have weighed in on BDC. Zacks Investment Research raised Belden from a “sell” rating to a “hold” rating in a research report on Wednesday, April 4th. Stifel Nicolaus reaffirmed a “buy” rating and set a $90.00 price target on shares of Belden in a research report on Friday, March 30th. SunTrust Banks raised Belden from a “hold” rating to a “buy” rating in a research report on Monday, March 26th. ValuEngine downgraded Belden from a “buy” rating to a “hold” rating in a research report on Friday, March 23rd. Finally, Cross Research raised Belden from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $91.83.
In other news, SVP Ross Rosenberg sold 779 shares of the stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $75.00, for a total value of $58,425.00. Following the completion of the sale, the senior vice president now owns 5,329 shares of the company’s stock, valued at approximately $399,675. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 1.34% of the company’s stock.
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Belden Inc designs, manufactures, and markets signal transmission solutions worldwide. It operates through Broadcast Solutions, Enterprise Solutions, Industrial Solutions, and Network Solutions segments. The Broadcast Solutions segment offers camera solutions, production switchers, server and storage systems for instant replay applications, interfaces and routers, monitoring systems, in-home network systems, playout systems, outside plant connectivity products, and other cable, and connectivity products.
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