Belden (BDC) Expected to Announce Quarterly Earnings on Thursday

Belden (NYSE:BDC) is anticipated to announce its earnings results before the market opens on Thursday, February 6th. Analysts expect the company to announce earnings of $1.68 per share and revenue of $654.76 million for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

Belden Trading Up 1.8 %

Shares of BDC opened at $115.43 on Wednesday. Belden has a twelve month low of $72.91 and a twelve month high of $131.82. The firm has a market capitalization of $4.66 billion, a P/E ratio of 26.84 and a beta of 1.08. The company has a current ratio of 2.07, a quick ratio of 1.43 and a debt-to-equity ratio of 0.99. The stock’s fifty day simple moving average is $117.63 and its 200 day simple moving average is $112.70.

Belden Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, December 12th were issued a $0.05 dividend. The ex-dividend date was Thursday, December 12th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.17%. Belden’s dividend payout ratio (DPR) is 4.65%.

Insider Buying and Selling

In related news, CAO Doug Zink sold 3,000 shares of Belden stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $128.82, for a total transaction of $386,460.00. Following the sale, the chief accounting officer now owns 6,643 shares of the company’s stock, valued at $855,751.26. The trade was a 31.11 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.59% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

BDC has been the subject of a number of research analyst reports. Truist Financial increased their target price on shares of Belden from $124.00 to $136.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Benchmark reissued a “buy” rating and issued a $130.00 price objective on shares of Belden in a research report on Friday, January 24th. Finally, StockNews.com lowered shares of Belden from a “strong-buy” rating to a “buy” rating in a report on Sunday. Five analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $122.75.

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.