Belden (NYSE:BDC) Posts Earnings Results, Beats Estimates By $0.24 EPS

Belden (NYSE:BDC) posted its quarterly earnings data on Thursday. The industrial products company reported $1.92 earnings per share for the quarter, beating the consensus estimate of $1.68 by $0.24, Zacks reports. Belden had a net margin of 7.61% and a return on equity of 20.55%. Belden updated its Q1 2025 guidance to 1.430-1.530 EPS.

Belden Trading Down 2.1 %

BDC stock traded down $2.46 during midday trading on Thursday, hitting $113.83. The company had a trading volume of 352,429 shares, compared to its average volume of 228,814. The company has a current ratio of 2.07, a quick ratio of 1.43 and a debt-to-equity ratio of 0.99. Belden has a 52 week low of $74.29 and a 52 week high of $131.82. The stock has a market cap of $4.59 billion, a price-to-earnings ratio of 26.47 and a beta of 1.08. The stock’s 50 day moving average price is $117.51 and its 200 day moving average price is $112.73.

Belden Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, December 12th were paid a $0.05 dividend. The ex-dividend date was Thursday, December 12th. This represents a $0.20 dividend on an annualized basis and a yield of 0.18%. Belden’s dividend payout ratio (DPR) is currently 4.65%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on BDC shares. StockNews.com lowered Belden from a “strong-buy” rating to a “buy” rating in a research note on Sunday. Truist Financial boosted their target price on Belden from $124.00 to $136.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Finally, Benchmark reissued a “buy” rating and set a $130.00 price target on shares of Belden in a research note on Friday, January 24th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $122.75.

Belden Company Profile

Belden Inc designs, manufactures, and markets a portfolio of signal transmission solutions for mission critical applications in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. It operates in two segments, Enterprise Solutions and Industrial Automation Solutions. The Enterprise Solutions segment offers copper cable and connectivity solutions, fiber cable and connectivity solutions, interconnect panels, racks and enclosures, and signal extension and matrix switching systems for use in applications, such as local area networks, data centers, access control, 5G, fiber to the home, and building automation.