The 10-second takeaway
For the quarter ended April 1 (Q1), Belden beat expectations on revenues and beat slightly on earnings per share.
Compared to the prior-year quarter, revenue grew slightly and GAAP earnings per share expanded.
Margins expanded across the board.
Belden logged revenue of $464.3 million. The five analysts polled by S&P Capital IQ looked for a top line of $452.3 million on the same basis. GAAP reported sales were 0.6% higher than the prior-year quarter's $461.6 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.52. The four earnings estimates compiled by S&P Capital IQ predicted $0.51 per share. GAAP EPS of $0.52 for Q1 were 13% higher than the prior-year quarter's $0.46 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 30.5%, 220 basis points better than the prior-year quarter. Operating margin was 8.9%, 60 basis points better than the prior-year quarter. Net margin was 5.2%, 50 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $519.7 million. On the bottom line, the average EPS estimate is $0.76.
Next year's average estimate for revenue is $2.02 billion. The average EPS estimate is $2.78.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 161 members rating the stock outperform and seven members rating it underperform. Among 51 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 49 give Belden a green thumbs-up, and two give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Belden is buy, with an average price target of $45.00.
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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.