Belden Inc (NYSE:BDC) is set to announce third quarter earning results on Wednesday 28th October 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, BDC to report 3Q20 income of $ 0.61 per share.
For the full year, analysts anticipate top line of $ 1806.34 million, while looking forward to income of $ 2.52 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
Previous Quarter Performance
Belden Inc communicated income for the second quarter of $ 0.46 per share, from the revenue of $ 424.81 million. The quarterly earnings down 66.91 percent while revenues down 33.82 percent compared with the same quarter last year.
Street analysts expected Belden Inc to report income of $ 0.27 per share on revenue of $ 410.19 million for the second quarter. The bottom line results beat street analysts by $ 0.19 or 70.37 percent, at the same time, top line results outshined analysts by $ 14.62 million or 3.56 percent.
Shares of Belden Inc traded low $ -0.84 or -2.48 percent on Tuesday, reaching $ 33.10 with volume of 325.80 thousand shares. Belden Inc has traded high as $ 33.96 and has cracked $ 32.77 on the downward trend
According to the previous trading day, closing price of $ 33.10, representing a 32.89 % increase from the 52 week low of $ 25.54 and a 40.39 % decrease over the 52 week high of $ 56.94.
The company has a market capital of $ 1.47 billion and is part of the Technology sector and Electronic Components industry.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.05 per share on August 19, 2020. The dividend were payable on October 6, 2020 to holders of record as of the close of business on September 18, 2020 and ex-dividend date on September 17, 2020.
Belden Inc will be hosting a conference call at 8:30 AM eastern time on 28th October 2020, to discuss its 3Q20 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.