Belden (BDC) Receiving Somewhat Positive News Coverage, Study Finds
Press coverage about Belden (NYSE:BDC) has trended somewhat positive this week, according to Accern. Accern identifies negative and positive media coverage by analyzing more than 20 million news and blog sources. 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 news impact score of 0.12 on Accern’s scale. Accern also assigned media coverage about the industrial products company an impact score of 46.4749822028128 out of 100, indicating that recent media 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 headlines that may have impacted Accern Sentiment Analysis’s scoring:
- Summary of what has been trade about Belden Inc. (BDC) – Wall Street Morning (wallstreetmorning.com)
- Cyber Security: The Cornerstone of IIoT Adoption (4-traders.com)
- Head-To-Head Analysis: Belden (BDC) vs. Polycom (PLCM) (americanbankingnews.com)
- Yamana Gold Inc. (AUY) has a value of $2.59 per share While Belden Inc. (BDC) is stand at $72.31 – Stocks Gallery (stocksgallery.com)
- A Keen Look at Belden Inc. (NYSE:BDC) and Churchill Downs Incorporated (NASDAQ:CHDN) in The Spotlight – FLBC News (flbcnews.com)
BDC has been the subject of several recent research reports. Guggenheim initiated coverage on shares of Belden in a research note on Tuesday, July 11th. They issued a “buy” rating and a $90.00 price objective for the company. Goldman Sachs Group, Inc. (The) initiated coverage on shares of Belden in a research note on Friday, June 23rd. They issued a “buy” rating and a $93.00 price objective for the company. ValuEngine lowered shares of Belden from a “buy” rating to a “hold” rating in a research note on Thursday, July 20th. CL King initiated coverage on shares of Belden in a research note on Wednesday, June 21st. They issued a “neutral” rating for the company. Finally, Zacks Investment Research raised shares of Belden from a “hold” rating to a “strong-buy” rating and set a $86.00 price objective for the company in a research note on Tuesday, July 11th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. Belden presently has an average rating of “Buy” and a consensus price target of $84.56.
Belden (BDC) opened at 71.33 on Friday. The company has a 50-day moving average of $74.14 and a 200-day moving average of $72.25. The stock has a market cap of $3.02 billion, a P/E ratio of 31.01 and a beta of 2.28. Belden has a 52 week low of $60.06 and a 52 week high of $81.33.
Belden (NYSE:BDC) last posted its earnings results on Wednesday, August 2nd. The industrial products company reported $1.29 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.21 by $0.08. The firm had revenue of $610.63 million during the quarter, compared to the consensus estimate of $608.16 million. Belden had a net margin of 5.53% and a return on equity of 16.31%. The company’s revenue was up 1.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.54 EPS. On average, analysts predict that Belden will post $5.44 EPS for the current fiscal year.
Belden announced that its board has initiated a share buyback program on Thursday, May 25th that allows the company to buyback $200.00 million in shares. This buyback authorization allows the industrial products company to buy up to 6.8% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s board believes its shares are undervalued.
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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