Wall Street analysts expect that Belden Inc. (NYSE:BDC) will report sales of $677.30 million for the current quarter, according to Zacks Investment Research. Five analysts have provided estimates for Belden’s earnings, with estimates ranging from $665.70 million to $681.00 million. Belden posted sales of $621.75 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 8.9%. The business is scheduled to announce its next quarterly earnings results on Wednesday, November 7th.

According to Zacks, analysts expect that Belden will report full-year sales of $2.66 billion for the current fiscal year, with estimates ranging from $2.63 billion to $2.67 billion. For the next fiscal year, analysts expect that the company will report sales of $2.71 billion per share, with estimates ranging from $2.66 billion to $2.75 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Belden.

Belden (NYSE:BDC) last released its quarterly earnings results on Wednesday, August 1st. The industrial products company reported $1.52 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.46 by $0.06. Belden had a return on equity of 20.50% and a net margin of 2.52%. The firm had revenue of $668.64 million for the quarter, compared to analyst estimates of $661.83 million. During the same quarter last year, the company posted $1.29 earnings per share. The business’s revenue was up 9.5% on a year-over-year basis.

BDC has been the topic of a number of research reports. Guggenheim reissued a “buy” rating and set a $90.00 price target on shares of Belden in a report on Wednesday, August 1st. Canaccord Genuity reaffirmed a “buy” rating and issued a $88.00 price objective on shares of Belden in a report on Wednesday, August 22nd. Zacks Investment Research raised Belden from a “hold” rating to a “buy” rating and set a $63.00 price objective on the stock in a report on Thursday, May 31st. TheStreet raised Belden from a “c” rating to a “b-” rating in a report on Tuesday, August 21st. Finally, ValuEngine raised Belden from a “sell” rating to a “hold” rating in a report on Thursday, August 2nd. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company. Belden currently has an average rating of “Buy” and an average target price of $86.75.

A number of institutional investors and hedge funds have recently made changes to their positions in BDC. Wells Fargo & Company MN boosted its holdings in Belden by 929.5% in the 1st quarter. Wells Fargo & Company MN now owns 856,686 shares of the industrial products company’s stock valued at $59,060,000 after purchasing an additional 773,472 shares in the last quarter. Swiss National Bank boosted its holdings in Belden by 2.2% in the 1st quarter. Swiss National Bank now owns 73,600 shares of the industrial products company’s stock valued at $5,074,000 after purchasing an additional 1,600 shares in the last quarter. Rothschild Asset Management Inc. boosted its holdings in Belden by 5.9% in the 1st quarter. Rothschild Asset Management Inc. now owns 117,126 shares of the industrial products company’s stock valued at $8,075,000 after purchasing an additional 6,522 shares in the last quarter. Dean Investment Associates LLC purchased a new stake in Belden in the 1st quarter valued at approximately $726,000. Finally, BlackRock Inc. boosted its holdings in Belden by 1.3% in the 1st quarter. BlackRock Inc. now owns 4,469,852 shares of the industrial products company’s stock valued at $308,151,000 after purchasing an additional 57,012 shares in the last quarter.

NYSE BDC opened at $72.35 on Tuesday. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.26 and a current ratio of 1.79. Belden has a 52-week low of $53.65 and a 52-week high of $87.14. The stock has a market cap of $2.84 billion, a P/E ratio of 13.52 and a beta of 2.31.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 4th. Shareholders of record on Tuesday, September 18th will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.28%. The ex-dividend date of this dividend is Monday, September 17th. Belden’s dividend payout ratio is presently 3.74%.

Belden Company Profile

Belden Inc designs, manufactures, and markets signal transmission solutions worldwide. It operates through Broadcast Solutions, Enterprise Solutions, Industrial Solutions, and Network Solutions segments. The Broadcast Solutions segment offers camera solutions, production switchers, server and storage systems for instant replay applications, interfaces and routers, monitoring systems, in-home network systems, playout systems, outside plant connectivity products, and other cable, and connectivity products.

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Earnings History and Estimates for Belden (NYSE:BDC)

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