Belden Inc (NYSE:BDC) is set to announce second quarter earning results on Wednesday 29th July 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, BDC to report 2Q20 income of $ 0.27 per share.
For the full year, analysts anticipate top line of $ 1822.43 million, while looking forward to income of $ 2.59 per share bottom line.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 2,060.00 million ~ $ 2,140.00 million, where as bottomline are predicted in a range of $ 4.25 ~ $ 4.75 per share
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Previous Quarter Performance
Belden Inc announced income for the first quarter of $ 0.67 per share, from the revenue of $ 463.53 million. The quarterly earnings lowered 32.32 percent while revenues lowered 21.06 percent compared with the same quarter last year. The consensus estimates are $ 473.60 million in revenue The top line results fell short of analysts by $ 10.07 million or 2.13 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of BDC was $ 32.03, representing a 25.41 % increase from the 52 week low of $ 25.54 and a 43.75 % decrease over the 52 week high of $ 56.94.
The company has a market capital of $ 1.43 billion and is part of the Technology sector and Electronic Components industry.
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Recent Analyst recommendations
- On 7th July 2020, maintained by JPMorgan Chase & Co. at Neutral rating, with $ 37.00 target price.
Recent Stock Dividend Announcement
On May 21, 2020, the board of directors authorized quarterly dividend of $ 0.05 per share to holders of record as of the close of business on June 18, 2020, with payment date of July 9, 2020 and ex-dividend date on June 17, 2020.
Conference Call
Belden Inc will be hosting a conference call at 8:30 AM eastern time on 29th July 2020, to discuss its 2Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.belden.com
Belden Inc. operates as a signal transmission solutions company in the United States and internationally. The company operates in two segments, Enterprise Solutions and Industrial Solutions segments.
