On Monday, Belden Inc. (NYSE: BDC) shares price traded between $58.55 and $61.04 during the last trading session below with -0.96% at $59.00. The shares recorded a trading volume 964,524 shares as compared to its average volume of 377,476 shares. The company has 39.42M shares outstanding and market value of 2.328B. Over the one year trading period, the stock has a peak price of $76.39 and its down is recorded at $37.79. The short ratio in the stock is 12.7 and the short float is around of 12.39%.
Belden Inc. (NYSE: BDC), recently stated fiscal first quarter 2019 results for the period ended March 31, 2019.
Revenues for the quarter totaled $587.2M, decreasing $18.4M, or 3.0%, contrast to $605.6M in the first quarter 2018. Net income was $25.2M, a raise of $22.6M from the prior-year period. Net income as a percentage of revenue was 4.3% contrast to 0.4% in the prior-year period. EPS totaled $0.42 contrast to $(0.15) in the first quarter 2018.
Adjusted revenues for the quarter also totaled $587.2M, decreasing $20.2M, or 3.3%, contrast to adjusted revenues of $607.4M in the first quarter 2018. Adjusted EBITDA margin in the first quarter was 14.8%, contrast to 17.0% in the year-before period. Adjusted EPS was $0.99 contrast to $1.16 in the first quarter 2018. Adjusted results in the first quarter 2018 benefited from before revealed revenue recognition timing.
Outlook:
Subsequent to quarter end, they completed two planned broadband fiber acquisitions for a combined purchase price of about $50M.
The Company expects second quarter 2019 revenues to be $630 – $660M. For the full year ending December 31, 2019, the Company now expects revenues to be $2.520 – $2.595B, contrast to previous guidance of $2.495 – $2.595B.
The Company expects 2nd quarter 2019 GAAP EPS to be $0.75 – $0.95. For the full year ending December 31, 2019, the Company now expects GAAP EPS of $3.86 – $4.36, contrast to previous guidance of $3.84 – $4.49.
The Company expects 2nd quarter 2019 adjusted EPS to be $1.30 – $1.50. For the full year ending December 31, 2019, the Company now expects adjusted EPS of $5.65 – $6.15, contrast to previous guidance of $5.50 – $6.15.
)
