Bel Fuse (NASDAQ:BELFB) Releases Quarterly Earnings Results, Misses Estimates By $0.89 EPS

Key Points

• Bel Fuse reported quarterly EPS of $1.83, missing the $2.72 analyst consensus estimate by $0.89. The company posted a 9.75% return on equity and a 7.21% net margin.
• Shares rose 1.8% to $227.77 after the report, while trading at a P/E ratio of 55.02. The stock remains below its 52-week high of $335.29.
• Analysts maintain a generally positive outlook, with six Buy ratings and two Holds producing a “Moderate Buy” consensus and an average price target of $315.67; insiders, however, sold $476,949 worth of shares during the quarter.

Bel Fuse (NASDAQ:BELFB - Get Free Report) released its quarterly earnings results on Wednesday. The electronics maker reported $1.83 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.72 by ($0.89), Zacks reports. Bel Fuse had a return on equity of 9.75% and a net margin of 7.21%.

Bel Fuse Trading Up 1.8%

NASDAQ:BELFB traded up $3.98 on Wednesday, reaching $227.77. 170,246 shares of the stock traded hands, compared to its average volume of 218,092. The company has a market capitalization of $3.29 billion, a price-to-earnings ratio of 55.02, a PEG ratio of 2.15 and a beta of 1.67. Bel Fuse has a 12 month low of $129.94 and a 12 month high of $335.29. The company's fifty day simple moving average is $241.07 and its 200 day simple moving average is $247.02.

Insider Buying and Selling

In related news, Director Vincent Vellucci sold 1,000 shares of the company's stock in a transaction that occurred on Monday, September 14th. The stock was sold at an average price of $235.15, for a total value of $235,150.00. Following the transaction, the director directly owned 7,434 shares of the company's stock, valued at approximately $1,748,105.10. This represents a 11.86% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Peter E. Gilbert sold 500 shares of the 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 sale, the director owned 750 shares in the company, valued at approximately $219,090. This represents a 40.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 1,893 shares of company stock worth $476,949. Corporate insiders own 5.37% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. B. Riley Financial initiated coverage on Bel Fuse in a research report on Tuesday, July 14th. They set a "buy" rating on the stock. Wall Street Zen raised Bel Fuse from a "hold" rating to a "buy" rating in a research report on Saturday, August 8th. Citigroup initiated coverage on shares of Bel Fuse in a report on Monday, July 13th. They set a "buy" rating on the stock. Bank of America started coverage on shares of Bel Fuse in a report on Tuesday, July 14th. They set a "buy" rating and a $330.00 target price on the stock. Finally, Zacks Research raised shares of Bel Fuse from a "strong sell" rating to a "hold" rating in a research report on Wednesday, October 14th. Six analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Bel Fuse presently has an average rating of "Moderate Buy" and an average target price of $315.67.

About Bel Fuse

Bel Fuse Inc is a designer, manufacturer and supplier of products that power, protect and connect electronic circuits. The company's portfolio includes circuit protection devices, magnetic components, interconnect products, power supplies, power conversion solutions and discrete components used in electronic equipment and systems.

Bel Fuse serves customers in industries including telecommunications, networking, computing, industrial equipment, consumer electronics, automotive, medical technology, aerospace and defense.

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