Bel Fuse (NASDAQ:BELFA) Issues Quarterly Earnings Results

Key Points

• Bel Fuse reported quarterly earnings of $2.92 per share, beating the consensus estimate of $2.71 by $0.21. The company posted a 20.55% return on equity and a 7.21% net margin.
• Shares rose $4.13 to $180.15 in midday trading, but remain below their 50-day and 200-day moving averages; the stock has traded between $114.02 and $293.51 over the past year.
• Analyst sentiment is generally positive, with a consensus “Moderate Buy” rating and an average price target of $250.00. Meanwhile, two directors recently sold shares, and insiders own 4.75% of the company.

Bel Fuse (NASDAQ:BELFA - Get Free Report) issued its quarterly earnings results on Wednesday. The scientific and technical instruments company reported $2.92 earnings per share for the quarter, topping the consensus estimate of $2.71 by $0.21, Zacks reports. Bel Fuse had a return on equity of 20.55% and a net margin of 7.21%.

Bel Fuse Stock Performance

Shares of NASDAQ BELFA traded up $4.13 during midday trading on Wednesday, hitting $180.15. The company's stock had a trading volume of 89,380 shares, compared to its average volume of 109,206. Bel Fuse has a 1-year low of $114.02 and a 1-year high of $293.51. The firm's fifty day moving average price is $196.93 and its 200-day moving average price is $215.37. The firm has a market cap of $2.60 billion, a P/E ratio of 46.07 and a beta of 1.37.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Citigroup initiated coverage on Bel Fuse in a research report on Monday, July 13th. They set a "buy" rating on the stock. Weiss Ratings downgraded Bel Fuse from a "hold (c+)" rating to a "hold (c)" rating in a report on Wednesday, August 26th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, Bel Fuse presently has a consensus rating of "Moderate Buy" and an average target price of $250.00.

Insider Buying and Selling

In other Bel Fuse news, Director Vincent Vellucci sold 393 shares of the stock in a transaction on Wednesday, September 2nd. The stock was sold at an average price of $243.61, for a total value of $95,738.73. Following the sale, the director directly owned 8,434 shares of the company's stock, valued at $2,054,606.74. This trade represents a 4.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Peter E. Gilbert sold 500 shares of the firm's stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $292.12, for a total value of $146,060.00. Following the completion of the sale, the director owned 750 shares in the company, valued at $219,090. The trade was a 40.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 4.75% of the stock is currently owned by corporate insiders.

Bel Fuse Company Profile

Bel Fuse Inc designs, manufactures and markets products that support power management, circuit protection, connectivity and signal transmission. Its portfolio includes fuses and other circuit-protection devices, power supplies, DC-DC converters, magnetics, connectors, cable assemblies and discrete components used in electronic systems.

The company serves a range of markets, including networking and telecommunications, data centers, consumer electronics, automotive, medical, industrial, aerospace and defense applications.

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