Bel Fuse (NASDAQ:BELFB - Get Free Report) is projected to release its earnings data after the market closes on Wednesday, July 23rd. Analysts expect Bel Fuse to post earnings of $1.37 per share and revenue of $149.60 million for the quarter.
Bel Fuse (NASDAQ:BELFB - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The electronics maker reported $1.35 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.85 by $0.50. The firm had revenue of $152.24 million for the quarter, compared to the consensus estimate of $147.93 million. Bel Fuse had a net margin of 7.69% and a return on equity of 12.38%. On average, analysts expect Bel Fuse to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.
Bel Fuse Stock Performance
Shares of BELFB traded up $0.53 on Wednesday, reaching $98.77. The company's stock had a trading volume of 154,365 shares, compared to its average volume of 89,631. The company has a debt-to-equity ratio of 0.76, a current ratio of 3.31 and a quick ratio of 1.83. The stock has a market capitalization of $1.25 billion, a P/E ratio of 28.71, a PEG ratio of 1.44 and a beta of 1.51. The stock's 50 day simple moving average is $84.67 and its two-hundred day simple moving average is $79.35. Bel Fuse has a 12-month low of $58.00 and a 12-month high of $103.84.
Bel Fuse Cuts Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Tuesday, July 15th will be paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.24%. The ex-dividend date of this dividend is Tuesday, July 15th. Bel Fuse's payout ratio is 8.14%.
Analyst Upgrades and Downgrades
Several research analysts have commented on the stock. Northland Securities lifted their price objective on shares of Bel Fuse from $93.00 to $110.00 and gave the stock an "outperform" rating in a research note on Monday, June 30th. Robert W. Baird started coverage on shares of Bel Fuse in a research note on Tuesday, June 10th. They set an "outperform" rating and a $88.00 price objective for the company. Craig Hallum started coverage on shares of Bel Fuse in a research note on Tuesday, March 25th. They set a "buy" rating and a $115.00 target price for the company. Needham & Company LLC lowered their target price on shares of Bel Fuse from $100.00 to $95.00 and set a "buy" rating for the company in a research note on Monday, April 28th. Finally, Baird R W raised shares of Bel Fuse to a "strong-buy" rating in a research note on Tuesday, June 10th. One investment analyst has rated the stock with a hold rating, five have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Bel Fuse currently has a consensus rating of "Buy" and an average price target of $106.60.
Get Our Latest Research Report on BELFB
Insider Activity
In related news, VP Kenneth Koon Keung Lai sold 4,000 shares of the stock in a transaction on Friday, June 13th. The stock was sold at an average price of $84.03, for a total value of $336,120.00. Following the completion of the transaction, the vice president directly owned 12,155 shares of the company's stock, valued at approximately $1,021,384.65. This represents a 24.76% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.37% of the stock is owned by company insiders.
Hedge Funds Weigh In On Bel Fuse
An institutional investor recently raised its position in Bel Fuse stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Bel Fuse Inc. (NASDAQ:BELFB - Free Report) by 4.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,127 shares of the electronics maker's stock after purchasing an additional 240 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in Bel Fuse were worth $459,000 at the end of the most recent quarter. 58.39% of the stock is owned by institutional investors and hedge funds.
Bel Fuse Company Profile
(
Get Free Report)
Bel Fuse Inc designs, manufactures, markets, and sells products that power, protect, and connect electronic circuits. The company's products are used in the networking, telecommunications, computing, general industrial, high-speed data transmission, military, commercial aerospace, transportation, and e-Mobility industries.
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