Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Belden (BDC) Stock Price
News articles about Belden (NYSE:BDC) have trended somewhat positive recently, Accern Sentiment reports. Accern identifies positive and negative press coverage by analyzing more than twenty 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 nearest to one being the most favorable. Belden earned a news impact score of 0.13 on Accern’s scale. Accern also gave news headlines about the industrial products company an impact score of 47.7457737415095 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the news headlines that may have impacted Accern Sentiment’s analysis:
- TheStreet Downgrades Belden Inc (BDC) to C+ (americanbankingnews.com)
- Financial Contrast: Belden (BDC) versus The Competition (americanbankingnews.com)
- Belden reports solid results for Q3 2017 (financial-news.co.uk)
- Belden Shows Rising Relative Price Performance; Still Shy Of Key Benchmark (finance.yahoo.com)
- Edited Transcript of BDC earnings conference call or presentation 1-Nov-17 12:30pm GMT (finance.yahoo.com)
Belden (NYSE:BDC) last released its earnings results on Wednesday, November 1st. The industrial products company reported $1.49 earnings per share for the quarter, topping analysts’ consensus estimates of $1.41 by $0.08. Belden had a return on equity of 17.52% and a net margin of 4.03%. The business had revenue of $621.74 million for the quarter, compared to the consensus estimate of $626.05 million. During the same period last year, the business earned $1.29 earnings per share. The firm’s revenue for the quarter was up 3.4% compared to the same quarter last year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, October 4th. Investors of record on Friday, September 15th were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.24%. The ex-dividend date of this dividend was Thursday, September 14th. Belden’s dividend payout ratio (DPR) is presently 13.79%.
BDC has been the topic of several recent analyst reports. Deutsche Bank AG boosted their price target on Belden from $85.00 to $92.00 and gave the stock a “buy” rating in a research note on Thursday, August 3rd. Zacks Investment Research upgraded Belden from a “hold” rating to a “strong-buy” rating and set a $86.00 price objective on the stock in a research note on Tuesday, July 11th. Canaccord Genuity restated a “buy” rating and set a $88.00 price objective (up previously from $83.00) on shares of Belden in a research note on Wednesday, September 13th. Guggenheim restated a “buy” rating and set a $90.00 price objective on shares of Belden in a research note on Monday, September 25th. Finally, ValuEngine cut Belden from a “buy” rating to a “hold” rating in a research note on Thursday, July 20th. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $85.88.
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In related news, SVP Paul Keith Turner sold 3,709 shares of Belden stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $78.91, for a total transaction of $292,677.19. Following the sale, the senior vice president now directly owns 4,967 shares of the company’s stock, valued at $391,945.97. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Chairman John S. Stroup sold 17,227 shares of Belden stock in a transaction dated Monday, October 9th. The stock was sold at an average price of $84.75, for a total value of $1,459,988.25. The disclosure for this sale can be found here. Over the last three months, insiders have sold 21,230 shares of company stock worth $1,775,189. 1.31% of the stock is owned by company insiders.
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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