For its third fiscal quarter (ending September 30), Belden Inc (NYSE: BDC) has reported a -23% decline in E.P.S. from $1.72 a year ago to $1.32 in the current quarter. E.P.S. were $4.36 for the latest four quarters through September 30 versus $6.24 for the same period a year ago — a decline of -30%.
Recent Price Action
On 10/31/24, Belden Inc (NYSE: BDC) stock declined by -3.2%, closing at $113.87. Moreover, trading volume in this decline was unusually high at 184% of normal. The stock has declined -2.3% during the last week but has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
BDC is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
Belden has a current Value Trend Rating of B (Positive). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Belden has a slightly negative Appreciation Score of 32 but a very high Power Rating of 96, with the Positive Value Trend Rating the result.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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