Northland Securities Expects Higher Earnings for Bel Fuse

Key Points

• Northland raised its earnings forecasts, increasing Bel Fuse’s FY2026 EPS estimate to $6.68 from $6.16 and projecting FY2027 EPS of $8.51. Its FY2026 estimate remains below the $6.98 analyst consensus.
• Bel Fuse reported quarterly EPS of $1.83, missing the $2.72 consensus, while revenue of $220.51 million exceeded the $215.74 million estimate.
• Analyst sentiment is generally positive: six analysts rate the stock Buy and two Hold, for a MarketBeat “Moderate Buy” average rating and a $320.67 average price target.

Bel Fuse Inc. (NASDAQ:BELFB - Free Report) - Equities research analysts at Northland Securities increased their FY2026 earnings per share estimates for shares of Bel Fuse in a report released on Friday, October 30th. Northland Securities analyst B. Brooks now anticipates that the electronics maker will earn $6.68 per share for the year, up from their prior estimate of $6.16. The consensus estimate for Bel Fuse's current full-year earnings is $6.98 per share. Northland Securities also issued estimates for Bel Fuse's Q4 2026 earnings at $2.06 EPS, Q1 2027 earnings at $2.08 EPS, Q3 2027 earnings at $2.14 EPS, Q4 2027 earnings at $2.25 EPS and FY2027 earnings at $8.51 EPS.

Bel Fuse (NASDAQ:BELFB - Get Free Report) last announced its quarterly earnings results on Wednesday, October 28th. The electronics maker reported $1.83 EPS for the quarter, missing analysts' consensus estimates of $2.72 by ($0.89). The business had revenue of $220.51 million for the quarter, compared to the consensus estimate of $215.74 million. Bel Fuse had a net margin of 7.34% and a return on equity of 8.53%.

BELFB has been the subject of several other reports. Wall Street Zen raised Bel Fuse from a "hold" rating to a "buy" rating in a research note on Saturday, August 8th. Citigroup began coverage on Bel Fuse in a research report on Monday, July 13th. They set a "buy" rating on the stock. Needham & Company LLC assumed coverage on shares of Bel Fuse in a research report on Friday, October 30th. They issued a "buy" rating and a $300.00 price objective for the company. B. Riley Financial initiated coverage on shares of Bel Fuse in a research report on Tuesday, July 14th. They set a "buy" rating for the company. Finally, Weiss Ratings upgraded Bel Fuse from a "hold (c)" rating to a "hold (c+)" rating in a research note on Tuesday, October 13th. Six equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $320.67.

Bel Fuse Trading Up 1.5%

Bel Fuse stock opened at $238.45 on Wednesday. Bel Fuse has a 1-year low of $133.71 and a 1-year high of $335.29. The firm has a market capitalization of $3.44 billion, a price-to-earnings ratio of 56.77, a price-to-earnings-growth ratio of 1.76 and a beta of 1.70. The firm's fifty day moving average price is $238.42 and its two-hundred day moving average price is $248.17.

Hedge Funds Weigh In On Bel Fuse

Hedge funds have recently bought and sold shares of the company. State of Wyoming bought a new position in Bel Fuse in the 1st quarter valued at $30,000. KBC Group NV bought a new position in shares of Bel Fuse in the first quarter worth $38,000. Signature Equity Partners LLC bought a new position in shares of Bel Fuse in the first quarter worth $39,000. PNC Financial Services Group Inc. raised its position in shares of Bel Fuse by 20.2% in the first quarter. PNC Financial Services Group Inc. now owns 286 shares of the electronics maker's stock worth $57,000 after buying an additional 48 shares in the last quarter. Finally, Signaturefd LLC raised its position in shares of Bel Fuse by 243.7% in the third quarter. Signaturefd LLC now owns 299 shares of the electronics maker's stock worth $73,000 after buying an additional 212 shares in the last quarter. Hedge funds and other institutional investors own 58.39% of the company's stock.

Insider Buying and Selling at Bel Fuse

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

Bel Fuse Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 29th. Stockholders of record on Friday, January 15th will be given a $0.07 dividend. The ex-dividend date is Friday, January 15th. This represents a $0.28 annualized dividend and a dividend yield of 0.1%. Bel Fuse's payout ratio is 6.67%.

More Bel Fuse News

Here are the key news stories impacting Bel Fuse this week:

• Positive Sentiment: Northland Securities increased its FY2026 EPS estimate to $6.68 from $6.16 and its FY2027 estimate to $8.51 from $7.27. It also lifted estimates for Q4 2026, Q1 2027, Q3 2027 and Q4 2027, including Q1 2027 to $2.08 from $1.38. The broad upward revisions signal improved earnings expectations. Northland estimate revisions
• Positive Sentiment: Zacks upgraded BELFB to Rank #1 (Strong Buy), citing improving earnings prospects—a potentially supportive near-term catalyst. Zacks Strong Buy upgrade
• Neutral Sentiment: Bel Fuse declared a regular quarterly dividend of $0.07 per Class B share, payable January 29 to holders of record January 15. The $0.28 annualized payout yields about 0.1%, so the income contribution is modest. Bel Fuse dividend announcement
• Negative Sentiment: Northland trimmed its Q2 2027 EPS forecast slightly to $2.04 from $2.05, a minor offset to its otherwise broadly higher estimates. Northland estimate revision

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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