Belden (BDC) Receives News Sentiment Score of 0.16

Media headlines about Belden (NYSE:BDC) have been trending somewhat positive recently, according to Accern. The research group identifies negative and positive press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Belden earned a coverage optimism score of 0.16 on Accern’s scale. Accern also gave news headlines about the industrial products company an impact score of 46.4966871607524 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

These are some of the media headlines that may have effected Accern’s scoring:

• The BidaskClub Downgrades Domino’s Pizza Inc (NYSE:DPZ) to Hold (hoyentv.com)
• Researcher Available to Discuss Implications of Potential Affordable Care Act Repeal (latribunadecanarias.com)
• Belden Breaks Below 200-Day Moving Average – Notable for BDC (nasdaq.com)
• Belden Inc (NYSE:BDC) Receives Consensus Recommendation of “Buy” from Brokerages (cote-ivoire.com)
• Belden, Inc. breached its 50 day moving average in a Bearish Manner : BDC-US : July 28, 2017 (finance.yahoo.com)

A number of research analysts have recently weighed in on BDC shares. Goldman Sachs Group, Inc. (The) started coverage on Belden in a report on Friday, June 23rd. They issued a “buy” rating and a $93.00 target price on the stock. CL King started coverage on Belden in a report on Wednesday, June 21st. They issued a “neutral” rating on the stock. Guggenheim started coverage on Belden in a report on Tuesday, July 11th. They issued a “buy” rating and a $90.00 target price on the stock. Zacks Investment Research upgraded Belden from a “hold” rating to a “strong-buy” rating and set a $86.00 target price on the stock in a report on Tuesday, July 11th. Finally, ValuEngine lowered Belden from a “buy” rating to a “hold” rating in a report on Thursday, July 20th. Five research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. Belden has an average rating of “Buy” and an average price target of $83.78.

Shares of Belden (NYSE BDC) traded up 0.04% during trading on Monday, hitting $71.94. The stock had a trading volume of 317,306 shares. The firm has a market capitalization of $3.04 billion, a P/E ratio of 27.07 and a beta of 2.30. The stock’s 50-day moving average price is $75.51 and its 200 day moving average price is $72.70. Belden has a 1-year low of $60.06 and a 1-year high of $81.33.

Belden (NYSE:BDC) last announced its earnings results on Wednesday, May 3rd. The industrial products company reported $0.92 EPS for the quarter, topping the Zacks’ consensus estimate of $0.89 by $0.03. Belden had a return on equity of 18.25% and a net margin of 5.80%. The company had revenue of $551.40 million for the quarter, compared to analysts’ expectations of $551.14 million. During the same period last year, the firm earned $1.01 EPS. Belden’s revenue for the quarter was up 1.8% compared to the same quarter last year. On average, analysts anticipate that Belden will post $5.27 earnings per share for the current year.

Belden declared that its Board of Directors has approved a share buyback program on Thursday, May 25th that authorizes the company to repurchase $200.00 million in outstanding shares. This repurchase authorization authorizes the industrial products company to repurchase up to 6.8% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s board believes its shares are undervalued.

The business also recently announced a quarterly dividend, which was paid on Thursday, July 6th. Investors of record on Thursday, June 15th were issued a $0.05 dividend. The ex-dividend date of this dividend was Tuesday, June 13th. This represents a $0.20 dividend on an annualized basis and a yield of 0.28%. Belden’s dividend payout ratio is currently 7.55%.

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Belden Company Profile

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).