Belden (NYSE:BDC) Posts Earnings Results, Beats Expectations 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, topping 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 Belden stock traded up $2.36 during trading hours on Friday, reaching $117.42. The company had a trading volume of 264,580 shares, compared to its average volume of 234,197. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.07 and a quick ratio of 1.43. Belden has a one year low of $78.05 and a one year high of $131.82. The firm has a market cap of $4.74 billion, a PE ratio of 27.29 and a beta of 1.08. The business has a fifty day simple moving average of $117.38 and a 200 day simple moving average of $112.74.

Belden Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, December 12th were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.17%. The ex-dividend date was Thursday, December 12th. Belden’s payout ratio is 4.65%.

Analysts Set New Price Targets

A number of analysts have issued reports on BDC shares. StockNews.com cut shares of Belden from a “strong-buy” rating to a “buy” rating in a research note on Sunday, February 2nd. Truist Financial raised their price target 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 reiterated a “buy” rating and set a $130.00 target price on shares of Belden in a report on Friday, January 24th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $122.75.

About Belden

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.