Belden (BDC) Earning Somewhat Positive Media Coverage, Analysis Finds

News stories about Belden (NYSE:BDC) have trended somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies positive and negative news coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Belden earned a media sentiment score of 0.17 on Accern’s scale. Accern also gave media headlines about the industrial products company an impact score of 44.7645298248091 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

These are some of the news stories that may have impacted Accern Sentiment Analysis’s scoring:

Several analysts have recently commented on BDC shares. ValuEngine upgraded Belden from a “hold” rating to a “buy” rating in a report on Monday, September 11th. BidaskClub upgraded Belden from a “sell” rating to a “hold” rating in a research note on Saturday, August 26th. Zacks Investment Research lowered Belden from a “buy” rating to a “hold” rating in a research note on Monday, November 6th. Canaccord Genuity restated a “buy” rating and issued a $88.00 target price (up previously from $83.00) on shares of Belden in a research note on Wednesday, September 13th. Finally, TheStreet lowered Belden from a “b” rating to a “c+” rating in a research note on Wednesday, November 1st. Seven analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $89.50.

Belden (NYSE BDC) opened at $81.83 on Friday. The stock has a market capitalization of $3,482.30, a price-to-earnings ratio of 16.13 and a beta of 2.26. The company has a debt-to-equity ratio of 1.06, a current ratio of 2.26 and a quick ratio of 1.79. Belden has a 52 week low of $64.60 and a 52 week high of $86.85.

Belden (NYSE:BDC) last issued its earnings results on Wednesday, November 1st. The industrial products company reported $1.49 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.41 by $0.08. The company had revenue of $621.74 million during the quarter, compared to analyst estimates of $626.05 million. Belden had a return on equity of 17.52% and a net margin of 4.03%. The firm’s quarterly revenue was up 3.4% on a year-over-year basis. During the same quarter last year, the business posted $1.29 EPS. analysts forecast that Belden will post 5.52 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 4th. Shareholders of record on Friday, December 15th will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.24%. The ex-dividend date is Thursday, December 14th. Belden’s dividend payout ratio is currently 13.79%.

In other Belden news, Chairman John S. Stroup sold 17,227 shares of the stock in a transaction dated Monday, October 9th. The stock was sold at an average price of $84.75, for a total transaction of $1,459,988.25. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Paul Keith Turner sold 3,709 shares of the stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $78.91, for a total value of $292,677.19. Following the sale, the senior vice president now directly owns 4,967 shares in the company, valued at $391,945.97. The disclosure for this sale can be found here. 1.31% of the stock is currently owned by company insiders.

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Belden Company Profile

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).

Insider Buying and Selling by Quarter for Belden (NYSE:BDC)

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