Belden Inc. (NYSE:BDC) – Equities analysis analysts at Truist Economical upped their Q3 2022 earnings for each share (EPS) estimates for Belden in a observe issued to buyers on Thursday, February 10th. Truist Money analyst W. Stein now anticipates that the industrial products and solutions business will gain $1.36 per share for the quarter, up from their preceding estimate of $1.34. Truist Fiscal also issued estimates for Belden’s Q4 2022 earnings at $1.47 EPS, Q1 2023 earnings at $1.30 EPS, Q2 2023 earnings at $1.40 EPS, Q3 2023 earnings at $1.46 EPS and Q4 2023 earnings at $1.57 EPS. Belden (NYSE:BDC) last posted its earnings outcomes on Wednesday, February 9th. The industrial products firm noted $1.32 earnings for every share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.27 by $.05. Belden had a web margin of 5.32% and a return on fairness of 23.06%. During the exact period of time past calendar year, the organization attained $.90 EPS.
A amount of other investigate analysts also not too long ago weighed in on BDC. lifted their target price on shares of Belden from $68.00 to $82.00 and gave the business a “get” rating in a investigation report on Thursday, November 4th. Zacks Financial commitment Investigation downgraded shares of Belden from a “invest in” ranking to a “hold” ranking in a analysis report on Wednesday, January 5th. Just one study analyst has rated the stock with a sell rating, one has assigned a keep rating and two have issued a buy score to the company’s inventory. According to knowledge from MarketBeat, the inventory presently has a consensus score of “Maintain” and a consensus focus on rate of $65.00.
Shares of NYSE:BDC opened at $56.15 on Friday. The organization has a industry cap of $2.52 billion, a cost-to-earnings ratio of 21.03 and a beta of 1.39. Belden has a 12 month lower of $40.66 and a 12 month large of $68.87. The company’s fifty working day straightforward transferring normal is $60.78 and its 200 day very simple going normal is $59.56. The organization has a speedy ratio of 1.54, a existing ratio of 2.04 and a debt-to-equity ratio of 1.58.
Hedge funds have a short while ago designed alterations to their positions in the stock. C M Bidwell & Associates Ltd. acquired a new situation in shares of Belden in the 2nd quarter valued at about $44,000. Fifth Third Bancorp obtained a new position in Belden all through the 3rd quarter well worth somewhere around $49,000. Pinebridge Investments L.P. bought a new stake in Belden all through the 4th quarter well worth approximately $59,000. Industrial Alliance Investment decision Management Inc. purchased a new stake in Belden through the 4th quarter value around $102,000. Last but not least, United states of america Economical Portformulas Corp acquired a new stake in Belden during the 4th quarter really worth about $124,000. 98.82% of the inventory is owned by institutional buyers and hedge money.
The company also a short while ago disclosed a quarterly dividend, which was compensated on Thursday, January 6th. Stockholders of record on Friday, December 17th have been supplied a $.05 dividend. This represents a $.20 dividend on an annualized foundation and a dividend generate of .36%. The ex-dividend date was Thursday, December 16th. Belden’s dividend payout ratio (DPR) is presently 7.49%.
Belden, Inc engages in the provision of innovative sign transmission remedies. It operates by way of the Organization Methods and Industrial Answers segments. The Company Answers segment features community infrastructure alternatives, as properly as cabling and connectivity alternatives for broadcast, commercial audio/movie, and safety programs.
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