Equities analysts forecast that Belden Inc. (NYSE:BDC) will announce $676.63 million in sales for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Belden’s earnings. The highest sales estimate is $681.00 million and the lowest is $665.70 million. Belden posted sales of $621.75 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 8.8%. The business is scheduled to announce its next quarterly earnings report before the market opens on Wednesday, October 31st.
According to Zacks, analysts expect that Belden will report full-year sales of $2.65 billion for the current fiscal year, with estimates ranging from $2.63 billion to $2.66 billion. For the next financial year, analysts anticipate that the company will post sales of $2.70 billion, with estimates ranging from $2.66 billion to $2.75 billion. Zacks’ sales averages are a mean average based on a survey of analysts that cover Belden.
Belden (NYSE:BDC) last issued its quarterly earnings data on Wednesday, August 1st. The industrial products company reported $1.52 earnings per share for the quarter, beating analysts’ consensus estimates of $1.46 by $0.06. The firm had revenue of $668.64 million during the quarter, compared to analyst estimates of $661.83 million. Belden had a return on equity of 20.50% and a net margin of 2.52%. Belden’s quarterly revenue was up 9.5% on a year-over-year basis. During the same quarter last year, the firm earned $1.29 EPS.
BDC traded down $0.52 during trading on Tuesday, hitting $55.89. 13,990 shares of the stock traded hands, compared to its average volume of 336,906. The stock has a market capitalization of $2.30 billion, a P/E ratio of 10.51 and a beta of 2.28. The company has a quick ratio of 1.26, a current ratio of 1.79 and a debt-to-equity ratio of 1.10. Belden has a 12-month low of $53.65 and a 12-month high of $87.14.
The business also recently announced a quarterly dividend, which was paid on Thursday, October 4th. Stockholders of record on Tuesday, September 18th were given a $0.05 dividend. The ex-dividend date was Monday, September 17th. This represents a $0.20 annualized dividend and a dividend yield of 0.36%. Belden’s dividend payout ratio is 3.74%.
Several large investors have recently bought and sold shares of BDC. First Hawaiian Bank purchased a new stake in shares of Belden in the 3rd quarter worth about $159,000. US Bancorp DE increased its stake in shares of Belden by 83.0% in the 2nd quarter. US Bancorp DE now owns 2,628 shares of the industrial products company’s stock worth $161,000 after acquiring an additional 1,192 shares in the last quarter. Howe & Rusling Inc. increased its stake in shares of Belden by 14,270.0% in the 2nd quarter. Howe & Rusling Inc. now owns 2,874 shares of the industrial products company’s stock worth $176,000 after acquiring an additional 2,854 shares in the last quarter. Balter Liquid Alternatives LLC bought a new position in shares of Belden in the 2nd quarter worth about $210,000. Finally, Campbell & CO Investment Adviser LLC bought a new position in shares of Belden in the 2nd quarter worth about $225,000.
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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