$586.13 Million in Sales Expected for Belden Inc. (BDC) This Quarter
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.
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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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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