Belden (BDC) Given News Impact Rating of 0.12
Headlines about Belden (NYSE:BDC) have trended somewhat positive recently, according to Accern Sentiment Analysis. Accern rates the sentiment of press coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Belden earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned media coverage about the industrial products company an impact score of 46.5459948993153 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Shares of NYSE:BDC opened at $70.37 on Friday. Belden has a twelve month low of $53.65 and a twelve month high of $87.14. The firm has a market capitalization of $2.89 billion, a PE ratio of 13.15 and a beta of 2.31. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.79 and a quick ratio of 1.26.
Belden (NYSE:BDC) last announced its earnings results on Wednesday, August 1st. The industrial products company reported $1.52 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.46 by $0.06. Belden had a return on equity of 20.50% and a net margin of 2.52%. The company had revenue of $668.64 million during the quarter, compared to analyst estimates of $661.83 million. During the same period last year, the company posted $1.29 earnings per share. The firm’s quarterly revenue was up 9.5% compared to the same quarter last year. equities analysts anticipate that Belden will post 6.39 earnings per share for the current year.
A number of analysts have recently weighed in on BDC shares. Zacks Investment Research upgraded Belden from a “hold” rating to a “buy” rating and set a $63.00 target price for the company in a research note on Thursday, May 31st. Guggenheim restated a “buy” rating and issued a $90.00 target price on shares of Belden in a research note on Wednesday, August 1st. Canaccord Genuity restated a “buy” rating and issued a $88.00 target price on shares of Belden in a research note on Wednesday, August 22nd. TheStreet upgraded Belden from a “c” rating to a “b-” rating in a research note on Tuesday, August 21st. Finally, ValuEngine upgraded Belden from a “sell” rating to a “hold” rating in a research note on Thursday, August 2nd. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. Belden presently has a consensus rating of “Buy” and a consensus target price of $86.75.
Belden Inc designs, manufactures, and markets signal transmission solutions worldwide. It operates through Broadcast Solutions, Enterprise Solutions, Industrial Solutions, and Network Solutions segments. The Broadcast Solutions segment offers camera solutions, production switchers, server and storage systems for instant replay applications, interfaces and routers, monitoring systems, in-home network systems, playout systems, outside plant connectivity products, and other cable, and connectivity products.
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