Belden (NYSE:BDC) Releases Q4 Earnings Guidance

Belden (NYSE:BDC) issued an update on its fourth quarter earnings guidance on Thursday morning. The company provided earnings per share guidance of $1.62-1.72 for the period, compared to the consensus earnings per share estimate of $1.66. The company issued revenue guidance of $645-660 million, compared to the consensus revenue estimate of $648.03 million. Belden also updated its Q4 2024 guidance to 1.620-1.720 EPS.

Belden Trading Down 1.2 %

Shares of Belden stock opened at $117.58 on Thursday. Belden has a fifty-two week low of $60.54 and a fifty-two week high of $123.03. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.25 and a current ratio of 1.70. The company has a market capitalization of $4.80 billion, a P/E ratio of 25.02 and a beta of 1.07. The company has a fifty day moving average of $111.84 and a 200 day moving average of $99.65.

Belden (NYSE:BDC) last released its quarterly earnings data on Thursday, August 1st. The industrial products company reported $1.51 earnings per share for the quarter, topping analysts’ consensus estimates of $1.37 by $0.14. The firm had revenue of $604.34 million during the quarter, compared to analyst estimates of $574.32 million. Belden had a return on equity of 21.13% and a net margin of 8.51%. The business’s quarterly revenue was down 12.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.91 earnings per share. On average, sell-side analysts anticipate that Belden will post 6.04 earnings per share for the current fiscal year.

Belden Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 8th. Shareholders of record on Thursday, September 12th were paid a $0.05 dividend. The ex-dividend date of this dividend was Thursday, September 12th. This represents a $0.20 annualized dividend and a yield of 0.17%. Belden’s payout ratio is 4.26%.

Analyst Ratings Changes

Several equities analysts have recently commented on BDC shares. Truist Financial boosted their target price on shares of Belden from $123.00 to $124.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Benchmark increased their price objective on shares of Belden from $115.00 to $120.00 and gave the company a “buy” rating in a report on Wednesday, September 18th. Finally, Vertical Research began coverage on Belden in a research report on Tuesday, July 23rd. They set a “buy” rating and a $110.00 price objective for the company. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $112.00.

Insider Buying and Selling

In other Belden news, SVP Brian Edward Anderson sold 1,262 shares of the stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $96.79, for a total transaction of $122,148.98. Following the completion of the transaction, the senior vice president now owns 39,385 shares in the company, valued at $3,812,074.15. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Belden news, SVP Brian Edward Anderson sold 1,262 shares of the company’s stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $96.79, for a total transaction of $122,148.98. Following the sale, the senior vice president now directly owns 39,385 shares in the company, valued at $3,812,074.15. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Nancy E. Calderon sold 2,500 shares of Belden stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $95.98, for a total value of $239,950.00. Following the completion of the transaction, the director now owns 6,954 shares of the company’s stock, valued at approximately $667,444.92. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 10,318 shares of company stock worth $1,020,715. Insiders own 1.59% of the company’s stock.

About Belden

Belden Inc designs, manufactures, and markets a portfolio of signal transmission solutions for mission critical applications in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. It operates in two segments, Enterprise Solutions and Industrial Automation Solutions. The Enterprise Solutions segment offers copper cable and connectivity solutions, fiber cable and connectivity solutions, interconnect panels, racks and enclosures, and signal extension and matrix switching systems for use in applications, such as local area networks, data centers, access control, 5G, fiber to the home, and building automation.