Analysts Set Expectations for Belden Inc.’s Q3 2018 Earnings (BDC)
Belden Inc. (NYSE:BDC) – Stock analysts at SunTrust Banks decreased their Q3 2018 EPS estimates for Belden in a research report issued to clients and investors on Thursday. SunTrust Banks analyst W. Stein now anticipates that the industrial products company will earn $1.60 per share for the quarter, down from their previous forecast of $1.61. SunTrust Banks also issued estimates for Belden’s Q2 2019 earnings at $1.59 EPS, Q4 2019 earnings at $1.97 EPS and FY2019 earnings at $6.74 EPS.
Belden (NYSE:BDC) last announced its earnings results on Thursday, February 1st. The industrial products company reported $1.62 EPS for the quarter, missing analysts’ consensus estimates of $1.77 by ($0.15). The business had revenue of $604.88 million during the quarter, compared to analysts’ expectations of $648.92 million. Belden had a net margin of 3.90% and a return on equity of 18.20%. Belden’s quarterly revenue was down 1.2% on a year-over-year basis. During the same period in the previous year, the company posted $1.42 earnings per share.
Belden (BDC) traded up $0.37 during midday trading on Monday, reaching $70.57. 64,763 shares of the company traded hands, compared to its average volume of 315,930. The stock has a market capitalization of $3,136.89, a PE ratio of 51.24 and a beta of 2.29. Belden has a 52-week low of $64.60 and a 52-week high of $87.14. The company has a quick ratio of 1.59, a current ratio of 2.03 and a debt-to-equity ratio of 1.09.
Institutional investors and hedge funds have recently modified their holdings of the business. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Belden by 41.2% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,462 shares of the industrial products company’s stock worth $190,000 after buying an additional 718 shares during the period. Ladenburg Thalmann Financial Services Inc. grew its position in Belden by 550.4% during the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,634 shares of the industrial products company’s stock worth $212,000 after buying an additional 2,229 shares during the period. OxFORD Asset Management LLP acquired a new position in Belden during the third quarter worth about $224,000. Palouse Capital Management Inc. acquired a new position in Belden during the third quarter worth about $225,000. Finally, Shelton Capital Management acquired a new position in Belden during the second quarter worth about $242,000.
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).
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