Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Belden (BDC) Share Price
News headlines about Belden (NYSE:BDC) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research firm scores the sentiment of 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 positive one, with scores nearest to one being the most favorable. Belden earned a daily sentiment score of 0.09 on Accern’s scale. Accern also assigned news stories about the industrial products company an impact score of 47.4213303365004 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the news articles that may have impacted Accern Sentiment’s analysis:
- Head-To-Head Contrast: Belden (BDC) and Its Competitors (americanbankingnews.com)
- ETFs with exposure to Belden, Inc. : November 8, 2017 (finance.yahoo.com)
- Belden Inc (BDC) Downgraded to Hold at Zacks Investment Research (americanbankingnews.com)
- Belden Inc (BDC) Forecasted to Post FY2017 Earnings of $5.52 Per Share (americanbankingnews.com)
- FY2017 EPS Estimates for Belden Inc Boosted by Analyst (BDC) (americanbankingnews.com)
Several research analysts recently weighed in on the company. Zacks Investment Research lowered Belden from a “buy” rating to a “hold” rating in a research report on Monday. TheStreet lowered Belden from a “b” rating to a “c+” rating in a research report on Wednesday, November 1st. Guggenheim reissued a “buy” rating and set a $90.00 price target on shares of Belden in a research report on Monday, September 25th. Canaccord Genuity reissued a “buy” rating and set a $88.00 price target (up from $83.00) on shares of Belden in a research report on Wednesday, September 13th. Finally, ValuEngine raised Belden from a “hold” rating to a “buy” rating in a research report on Monday, September 11th. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $86.63.
Shares of Belden (BDC) traded down $0.15 during mid-day trading on Thursday, reaching $82.39. The company’s stock had a trading volume of 17,775 shares, compared to its average volume of 220,963. Belden has a 12 month low of $62.62 and a 12 month high of $86.31. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.79 and a current ratio of 2.26. The firm has a market cap of $3,447.72, a price-to-earnings ratio of 15.97 and a beta of 2.26.
Belden (NYSE:BDC) last posted its quarterly earnings data on Wednesday, November 1st. The industrial products company reported $1.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.41 by $0.08. Belden had a net margin of 4.03% and a return on equity of 17.52%. The company had revenue of $621.74 million during the quarter, compared to the consensus estimate of $626.05 million. During the same period in the previous year, the firm posted $1.29 EPS. The firm’s revenue was up 3.4% compared to the same quarter last year. sell-side analysts forecast that Belden will post 5.52 earnings per share for the current fiscal year.
In other Belden news, SVP Paul Keith Turner sold 3,709 shares of the business’s stock in a transaction on Friday, September 15th. The shares were sold at an average price of $78.91, for a total value of $292,677.19. Following the completion of the sale, the senior vice president now directly owns 4,967 shares of the company’s stock, valued at $391,945.97. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman John S. Stroup sold 17,227 shares of the business’s stock in a transaction on Monday, October 9th. The stock was sold at an average price of $84.75, for a total transaction of $1,459,988.25. The disclosure for this sale can be found here. Insiders sold 21,230 shares of company stock valued at $1,775,189 over the last three months. 1.31% of the stock is currently owned by insiders.
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).
Receive News & Ratings for Belden Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Belden Inc and related companies with MarketBeat.com's FREE daily email newsletter.