Bel Fuse (BELFB) Projected to Post Earnings on Wednesday

Key Points

• Bel Fuse (NASDAQ:BELFB) is set to report its earnings on Wednesday, October 29th, with analysts predicting a earnings per share of $1.68 and revenue of $171.688 million.
• The company's stock opened at $148.00 and has a market capitalization of $1.87 billion, with a PE ratio of 36.27.
• Recent analyst ratings show increased target prices, with Oppenheimer raising theirs from $140.00 to $175.00 and multiple firms giving Bel Fuse a general "Buy" rating.

Bel Fuse (NASDAQ:BELFB - Get Free Report) is expected to post its results after the market closes on Wednesday, October 29th. Analysts expect Bel Fuse to post earnings of $1.68 per share and revenue of $171.6880 million for the quarter.

Bel Fuse Stock Performance

NASDAQ BELFB opened at $148.00 on Wednesday. The business's 50-day moving average price is $141.06 and its 200 day moving average price is $106.44. Bel Fuse has a twelve month low of $57.99 and a twelve month high of $152.85. The company has a market capitalization of $1.87 billion, a PE ratio of 36.27, a price-to-earnings-growth ratio of 1.80 and a beta of 1.55. The company has a current ratio of 3.05, a quick ratio of 1.72 and a debt-to-equity ratio of 0.63.

Insider Transactions at Bel Fuse

In other news, VP Kenneth Koon Keung Lai sold 1,900 shares of the stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $128.00, for a total value of $243,200.00. Following the completion of the sale, the vice president owned 10,255 shares in the company, valued at approximately $1,312,640. This trade represents a 15.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Stephen Dawson sold 1,200 shares of the stock in a transaction dated Thursday, July 31st. The shares were sold at an average price of $127.07, for a total value of $152,484.00. Following the completion of the sale, the insider owned 14,265 shares of the company's stock, valued at approximately $1,812,653.55. This trade represents a 7.76% decrease in their position. The disclosure for this sale can be found here. 5.37% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Bel Fuse

Hedge funds have recently bought and sold shares of the business. BNP Paribas Financial Markets grew its stake in Bel Fuse by 60.0% during the 2nd quarter. BNP Paribas Financial Markets now owns 1,000 shares of the electronics maker's stock valued at $98,000 after purchasing an additional 375 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in Bel Fuse by 437.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,038 shares of the electronics maker's stock valued at $101,000 after purchasing an additional 845 shares in the last quarter. Canada Pension Plan Investment Board grew its stake in Bel Fuse by 6.7% during the 2nd quarter. Canada Pension Plan Investment Board now owns 1,600 shares of the electronics maker's stock valued at $156,000 after purchasing an additional 100 shares in the last quarter. Sei Investments Co. acquired a new stake in Bel Fuse during the 2nd quarter valued at approximately $312,000. Finally, Quantinno Capital Management LP acquired a new stake in Bel Fuse during the 2nd quarter valued at approximately $314,000. Institutional investors and hedge funds own 58.39% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Oppenheimer increased their target price on Bel Fuse from $140.00 to $175.00 and gave the stock an "outperform" rating in a research report on Tuesday, September 16th. Wall Street Zen lowered Bel Fuse from a "strong-buy" rating to a "buy" rating in a research report on Saturday. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Bel Fuse in a research report on Wednesday, October 8th. Northland Securities upped their price target on Bel Fuse from $93.00 to $110.00 and gave the stock an "outperform" rating in a research note on Monday, June 30th. Finally, Robert W. Baird upped their price target on Bel Fuse from $154.00 to $162.00 and gave the stock an "outperform" rating in a research note on Friday, October 10th. One research analyst has rated the stock with a Strong Buy rating and six have given a Buy rating to the company. According to MarketBeat.com, the company has an average rating of "Buy" and an average price target of $138.40.

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.

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