Belden (NYSE:BDC) Releases Quarterly Earnings Results, Beats Estimates By $0.19 EPS
Belden (NYSE:BDC) posted its quarterly earnings data on Wednesday. The industrial products company reported $0.46 EPS for the quarter, topping the consensus estimate of $0.27 by $0.19, MarketWatch Earnings reports. The firm had revenue of $424.80 million during the quarter, compared to analyst estimates of $410.19 million. Belden had a negative net margin of 25.43% and a positive return on equity of 16.39%. Belden’s revenue was down 33.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.39 EPS.
Shares of BDC stock traded down $1.51 during trading hours on Friday, hitting $30.96. The company’s stock had a trading volume of 7,124 shares, compared to its average volume of 365,163. The company has a 50 day moving average of $32.84 and a 200 day moving average of $38.08. The stock has a market cap of $1.50 billion, a PE ratio of -2.64 and a beta of 1.78. The company has a current ratio of 2.21, a quick ratio of 1.63 and a debt-to-equity ratio of 1.91. Belden has a 12-month low of $25.54 and a 12-month high of $56.94.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 9th. Stockholders of record on Thursday, June 18th were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.65%. The ex-dividend date of this dividend was Wednesday, June 17th. Belden’s dividend payout ratio (DPR) is currently 4.42%.
Belden Company Profile
Belden Inc operates as a signal transmission solutions company in the United States and internationally. The company operates in two segments, Enterprise Solutions and Industrial Solutions segments. The Enterprise Solutions segment offers copper cable and connectivity solutions, fiber cable and connectivity solutions, and racks and enclosures for use in applications, such as local area networks, data centers, access control, and building automation, as well as live production and performance, video display and digital signage, and corporate communications.
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