Wall Street brokerages expect Belden Inc. (NYSE:BDC) to post sales of $586.13 million for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for Belden’s earnings, with the lowest sales estimate coming in at $585.00 million and the highest estimate coming in at $587.50 million. Belden reported sales of $551.38 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 6.3%. The company is expected to announce its next quarterly earnings report on Wednesday, May 2nd.

On average, analysts expect that Belden will report full-year sales of $586.13 million for the current financial year, with estimates ranging from $2.55 billion to $2.57 billion. For the next financial year, analysts anticipate that the company will post sales of $2.62 billion per share, with estimates ranging from $2.57 billion to $2.66 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that cover Belden.

Belden (NYSE:BDC) last announced its quarterly earnings data on Thursday, February 1st. The industrial products company reported $1.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.77 by ($0.15). Belden had a net margin of 3.90% and a return on equity of 18.20%. The business had revenue of $604.88 million during the quarter, compared to the consensus estimate of $648.92 million. During the same period in the previous year, the business posted $1.42 earnings per share. Belden’s revenue was down 1.2% compared to the same quarter last year.

Several equities research analysts have weighed in on BDC shares. Zacks Investment Research lowered shares of Belden from a “hold” rating to a “sell” rating in a report on Tuesday. Cross Research upgraded shares of Belden from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. ValuEngine lowered shares of Belden from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Guggenheim reiterated a “buy” rating and issued a $90.00 target price on shares of Belden in a report on Wednesday, December 6th. Finally, Stifel Nicolaus increased their target price on shares of Belden from $90.00 to $97.00 and gave the stock an “in-line” rating in a report on Wednesday, December 6th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the stock. Belden presently has a consensus rating of “Hold” and an average price target of $89.50.

Institutional investors and hedge funds have recently bought and sold shares of the business. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Belden by 41.2% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,462 shares of the industrial products company’s stock worth $190,000 after purchasing an additional 718 shares during the period. Ladenburg Thalmann Financial Services Inc. raised its holdings in shares of 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 acquiring an additional 2,229 shares during the period. OxFORD Asset Management LLP acquired a new stake in shares of Belden during the third quarter worth $224,000. Palouse Capital Management Inc. acquired a new stake in shares of Belden during the third quarter worth $225,000. Finally, Shelton Capital Management acquired a new stake in shares of Belden during the second quarter worth $242,000.

Shares of Belden (NYSE BDC) traded up $0.84 during mid-day trading on Wednesday, reaching $67.72. 569,664 shares of the company’s stock were exchanged, compared to its average volume of 359,955. Belden has a 1 year low of $64.60 and a 1 year high of $87.14. The company has a market capitalization of $2,890.00, a PE ratio of 49.79 and a beta of 2.29. The company has a current ratio of 2.03, a quick ratio of 1.59 and a debt-to-equity ratio of 1.09.

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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).

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