News headlines about Belden (NYSE:BDC) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research firm ranks the sentiment of press coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Belden earned a news sentiment score of 0.06 on Accern’s scale. Accern also gave press coverage about the industrial products company an impact score of 82 out of 100, indicating that recent press coverage is very likely to have an effect on the stock’s share price in the next few days.
Here are some of the media headlines that may have impacted Accern’s rankings:
- Goldman Sachs Group, Inc. (The) Initiates Coverage on Belden Inc (BDC) (americanbankingnews.com)
- Investors Purchase High Volume of Put Options on Microsoft Corporation (MSFT) (joshnaijablog.com)
- Belden Inc (BDC) Expected to Post Earnings of $1.21 Per Share (americanbankingnews.com)
- CL King Begins Coverage on Belden Inc Common Stock (BDC) Setting A Rating Of “Neutral” (highlightpress.com)
- Belden lower as CL King initiates at Neutral (seekingalpha.com)
A number of brokerages have recently issued reports on BDC. Goldman Sachs Group, Inc. (The) began coverage on Belden in a report on Friday. They set a “buy” rating and a $93.00 price target on the stock. Zacks Investment Research raised Belden from a “sell” rating to a “hold” rating in a report on Tuesday, March 14th. Seaport Global Securities began coverage on Belden in a report on Thursday, March 2nd. They set a “buy” rating and a $82.00 price target on the stock. Finally, CL King began coverage on Belden in a report on Wednesday. They set a “neutral” rating on the stock. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $83.13.
Belden (BDC) traded up 3.63% on Friday, reaching $76.70. The company’s stock had a trading volume of 134,266 shares. The firm’s 50 day moving average price is $72.81 and its 200-day moving average price is $73.00. The company has a market capitalization of $3.24 billion, a price-to-earnings ratio of 28.86 and a beta of 2.29. Belden has a 1-year low of $54.97 and a 1-year high of $81.33.
Belden (NYSE:BDC) last issued its quarterly earnings results on Wednesday, May 3rd. The industrial products company reported $0.92 EPS for the quarter, topping the Zacks’ consensus estimate of $0.89 by $0.03. Belden had a return on equity of 18.25% and a net margin of 5.80%. The company had revenue of $551.40 million during the quarter, compared to analysts’ expectations of $551.14 million. During the same quarter in the previous year, the firm posted $1.01 EPS. The firm’s revenue was up 1.8% compared to the same quarter last year. Equities analysts forecast that Belden will post $5.15 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, July 6th. Shareholders of record on Thursday, June 15th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Tuesday, June 13th. This represents a $0.20 dividend on an annualized basis and a yield of 0.27%. Belden’s dividend payout ratio is currently 7.55%.
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).
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