Bel Fuse (BELFB) to Release Earnings on Thursday

Bel Fuse (NASDAQ:BELFB - Get Free Report) will likely be issuing its quarterly earnings data after the market closes on Thursday, July 24th. Analysts expect the company to announce 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 earnings results on Thursday, April 24th. The electronics maker reported $1.35 EPS for the quarter, beating analysts' consensus estimates of $0.85 by $0.50. The business had revenue of $152.24 million during the quarter, compared to analysts' expectations 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 Price Performance

Shares of NASDAQ BELFB traded up $0.37 during midday trading on Friday, reaching $101.69. The stock had a trading volume of 79,930 shares, compared to its average volume of 90,210. The stock has a 50-day moving average of $86.38 and a 200-day moving average of $79.75. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.83 and a current ratio of 3.31. The company has a market capitalization of $1.29 billion, a price-to-earnings ratio of 29.56, a price-to-earnings-growth ratio of 1.44 and a beta of 1.51. Bel Fuse has a 12-month low of $58.00 and a 12-month high of $105.35.

Bel Fuse Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Tuesday, July 15th will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Tuesday, July 15th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.24%. Bel Fuse's dividend payout ratio is 8.14%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on BELFB shares. Robert W. Baird started coverage on shares of Bel Fuse in a report on Tuesday, June 10th. They issued an "outperform" rating and a $88.00 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 report on Monday, April 28th. Baird R W raised shares of Bel Fuse to a "strong-buy" rating in a research report on Tuesday, June 10th. Northland Securities boosted their price objective on shares of Bel Fuse from $93.00 to $110.00 and gave the company an "outperform" rating in a research report on Monday, June 30th. Finally, Oppenheimer set a $125.00 price objective on shares of Bel Fuse and gave the company an "outperform" rating in a research report on Wednesday, July 2nd. One analyst has rated the stock with a hold rating, five have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Bel Fuse has an average rating of "Buy" and a consensus price target of $106.60.

Insider Buying and Selling

In other news, VP Kenneth Koon Keung Lai sold 4,000 shares of Bel Fuse stock in a transaction that occurred on Friday, June 13th. The shares were sold at an average price of $84.03, for a total transaction of $336,120.00. Following the sale, the vice president owned 12,155 shares in the company, valued at $1,021,384.65. This trade represents a 24.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 5.37% of the company's stock.

Institutional Investors Weigh In On Bel Fuse

A hedge fund recently raised its stake in Bel Fuse stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Bel Fuse Inc. (NASDAQ:BELFB - Free Report) by 4.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,127 shares of the electronics maker's stock after acquiring an additional 240 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in Bel Fuse were worth $459,000 as of its most recent SEC filing. Institutional investors and hedge funds own 58.39% of the company's stock.

Bel Fuse Company Profile

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.