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

Belden (NYSE:BDC) announced its earnings results on Thursday. The industrial products company reported $1.92 EPS 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 Stock Performance

Shares of NYSE:BDC traded down $2.46 during midday trading on Thursday, reaching $113.83. 352,429 shares of the company traded hands, compared to its average volume of 228,814. The firm’s fifty day moving average price is $117.51 and its two-hundred day moving average price is $112.73. The firm has a market capitalization of $4.59 billion, a price-to-earnings ratio of 26.47 and a beta of 1.08. The company has a quick ratio of 1.43, a current ratio of 2.07 and a debt-to-equity ratio of 0.99. Belden has a 12 month low of $74.29 and a 12 month high of $131.82.

Belden Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on BDC. StockNews.com downgraded Belden from a “strong-buy” rating to a “buy” rating in a research note on Sunday. Benchmark restated a “buy” rating and issued a $130.00 target price on shares of Belden in a research note on Friday, January 24th. Finally, Truist Financial increased their price target on Belden from $124.00 to $136.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average 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.