Wall Street brokerages predict that Belden Inc. (NYSE:BDC) will report earnings of $1.77 per share for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for Belden’s earnings, with estimates ranging from $1.75 to $1.80. Belden posted earnings per share of $1.42 in the same quarter last year, which would indicate a positive year-over-year growth rate of 24.6%. The company is expected to report its next quarterly earnings results on Thursday, February 1st.

According to Zacks, analysts expect that Belden will report full year earnings of $5.52 per share for the current fiscal year, with EPS estimates ranging from $5.49 to $5.55. For the next financial year, analysts forecast that the firm will report earnings of $6.11 per share, with EPS estimates ranging from $6.05 to $6.19. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Belden.

Belden (NYSE:BDC) last issued its quarterly earnings data on Wednesday, November 1st. The industrial products company reported $1.49 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.41 by $0.08. The firm had revenue of $621.74 million during the quarter, compared to the consensus estimate of $626.05 million. Belden had a return on equity of 17.52% and a net margin of 4.03%. The business’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.29 EPS.

A number of research firms have recently weighed in on BDC. ValuEngine upgraded Belden from a “hold” rating to a “buy” rating in a research report on Monday, September 11th. Canaccord Genuity restated a “buy” rating and set a $88.00 target price (up previously from $83.00) on shares of Belden in a research report on Wednesday, September 13th. Guggenheim restated a “buy” rating and set a $90.00 target price on shares of Belden in a research report on Wednesday, December 6th. Stifel Nicolaus boosted their target price on Belden from $90.00 to $97.00 and gave the stock an “in-line” rating in a research report on Wednesday, December 6th. Finally, Cross Research downgraded Belden from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Seven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $89.50.

In related news, Chairman John S. Stroup sold 17,227 shares of Belden stock in a transaction on Monday, October 9th. The stock was sold at an average price of $84.75, for a total transaction of $1,459,988.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.31% of the stock is owned by insiders.

Several institutional investors have recently made changes to their positions in BDC. Russell Investments Group Ltd. grew its stake in shares of Belden by 22.1% during the second quarter. Russell Investments Group Ltd. now owns 20,097 shares of the industrial products company’s stock worth $1,515,000 after purchasing an additional 3,643 shares during the period. Schwab Charles Investment Management Inc. grew its stake in shares of Belden by 8.7% during the second quarter. Schwab Charles Investment Management Inc. now owns 262,666 shares of the industrial products company’s stock worth $19,813,000 after purchasing an additional 20,939 shares during the period. Legal & General Group Plc grew its stake in shares of Belden by 26.1% during the second quarter. Legal & General Group Plc now owns 36,302 shares of the industrial products company’s stock worth $2,740,000 after purchasing an additional 7,510 shares during the period. Federated Investors Inc. PA grew its stake in shares of Belden by 17.4% during the second quarter. Federated Investors Inc. PA now owns 27,784 shares of the industrial products company’s stock worth $2,095,000 after purchasing an additional 4,108 shares during the period. Finally, Prudential Financial Inc. grew its stake in shares of Belden by 13.3% during the second quarter. Prudential Financial Inc. now owns 31,898 shares of the industrial products company’s stock worth $2,406,000 after purchasing an additional 3,734 shares during the period.

Belden (NYSE BDC) traded up $1.83 during mid-day trading on Tuesday, hitting $79.00. The stock had a trading volume of 308,176 shares, compared to its average volume of 272,650. The company has a market capitalization of $3,254.56, a P/E ratio of 54.48 and a beta of 2.28. Belden has a 12 month low of $64.60 and a 12 month high of $86.85. The company has a current ratio of 2.26, a quick ratio of 1.79 and a debt-to-equity ratio of 1.06.

The business also recently disclosed 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 of this dividend is Thursday, December 14th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.25%. Belden’s dividend payout ratio (DPR) is presently 13.79%.

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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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