Belden Inc (NYSE:BDC) issued an update on its fourth quarter earnings guidance on Wednesday morning. The company provided earnings per share guidance of $1.71-1.81 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.79. The company issued revenue guidance of $641-661 million, compared to the consensus revenue estimate of $641.05 million.

Belden Inc (NYSE:BDC) traded up 2.25% during midday trading on Wednesday, reaching $81.71. The company’s stock had a trading volume of 185,288 shares. The firm has a market cap of $3.46 billion, a price-to-earnings ratio of 35.53 and a beta of 2.26. The company’s 50-day moving average is $81.83 and its 200 day moving average is $75.53. Belden Inc has a 12-month low of $60.06 and a 12-month high of $86.31.

Belden (NYSE:BDC) last issued its earnings results on Wednesday, November 1st. The industrial products company reported $1.49 earnings per share for the quarter, topping the consensus estimate of $1.41 by $0.08. Belden had a net margin of 5.53% and a return on equity of 16.31%. The company had revenue of $621.74 million for the quarter, compared to analyst estimates of $626.05 million. During the same period in the prior year, the business posted $1.29 earnings per share. The firm’s revenue for the quarter was up 3.4% compared to the same quarter last year. Equities analysts forecast that Belden Inc will post $5.44 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 4th. Stockholders of record on Friday, September 15th were given a $0.05 dividend. The ex-dividend date was Thursday, September 14th. This represents a $0.20 annualized dividend and a dividend yield of 0.25%. Belden’s dividend payout ratio is presently 8.66%.

Several analysts have recently commented on BDC shares. Canaccord Genuity reiterated a buy rating and issued a $83.00 price target on shares of Belden in a research report on Friday, August 4th. Deutsche Bank AG increased their price target on shares of Belden from $85.00 to $92.00 and gave the company a buy rating in a research report on Thursday, August 3rd. Guggenheim reiterated a buy rating and issued a $90.00 price target on shares of Belden in a research report on Monday, September 25th. ValuEngine upgraded shares of Belden from a hold rating to a buy rating in a research report on Monday, September 11th. Finally, Zacks Investment Research lowered shares of Belden from a strong-buy rating to a hold rating in a research report on Tuesday, October 3rd. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average price target of $85.88.

In related news, Chairman John S. Stroup sold 17,227 shares of the company’s stock in a transaction that occurred on Monday, October 9th. The shares were sold at an average price of $84.75, for a total transaction of $1,459,988.25. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Paul Keith Turner sold 3,709 shares of the company’s stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $78.91, for a total transaction of $292,677.19. Following the transaction, the senior vice president now directly owns 4,967 shares in the company, valued at approximately $391,945.97. The disclosure for this sale can be found here. Insiders have sold 21,230 shares of company stock worth $1,775,189 in the last three months. Insiders own 1.31% of the company’s stock.

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About Belden

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).

Earnings History and Estimates for Belden (NYSE:BDC)

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