Bel Fuse Inc. (NASDAQ:BELFB - Free Report) - Analysts at Litchfield Hills Research decreased their Q2 2024 earnings per share estimates for shares of Bel Fuse in a research report issued on Tuesday, April 30th. Litchfield Hills Research analyst T. O'neill now anticipates that the electronics maker will post earnings per share of $0.79 for the quarter, down from their previous forecast of $1.07. The consensus estimate for Bel Fuse's current full-year earnings is $4.70 per share. Litchfield Hills Research also issued estimates for Bel Fuse's Q3 2024 earnings at $1.15 EPS, Q4 2024 earnings at $0.96 EPS, FY2024 earnings at $4.13 EPS, Q1 2025 earnings at $0.91 EPS, Q4 2025 earnings at $1.33 EPS and FY2025 earnings at $4.94 EPS.
Bel Fuse (NASDAQ:BELFB - Get Free Report) last announced its earnings results on Wednesday, February 21st. The electronics maker reported $1.37 EPS for the quarter, missing the consensus estimate of $1.44 by ($0.07). The firm had revenue of $140.01 million for the quarter, compared to the consensus estimate of $152.86 million. Bel Fuse had a return on equity of 23.58% and a net margin of 12.62%.
BELFB has been the topic of a number of other reports. StockNews.com raised Bel Fuse from a "hold" rating to a "buy" rating in a report on Friday, April 26th. Needham & Company LLC reduced their price objective on shares of Bel Fuse from $70.00 to $68.00 and set a "buy" rating for the company in a research report on Monday. Finally, Northland Securities downgraded shares of Bel Fuse from an "outperform" rating to a "market perform" rating and set a $63.00 target price on the stock. in a report on Thursday.
Get Our Latest Analysis on Bel Fuse
Bel Fuse Price Performance
Shares of BELFB traded up $0.08 during midday trading on Thursday, reaching $58.57. The stock had a trading volume of 72,373 shares, compared to its average volume of 118,750. The company has a debt-to-equity ratio of 0.17, a current ratio of 4.21 and a quick ratio of 2.70. The company has a market capitalization of $747.35 million, a P/E ratio of 9.86 and a beta of 1.46. The firm's 50 day moving average price is $57.51 and its 200-day moving average price is $58.90. Bel Fuse has a 52 week low of $39.13 and a 52 week high of $74.75.
Bel Fuse Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 1st. Investors of record on Monday, July 15th will be paid a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 0.48%. The ex-dividend date of this dividend is Monday, July 15th. Bel Fuse's dividend payout ratio is currently 4.71%.
Insiders Place Their Bets
In related news, Director Vincent Vellucci sold 1,000 shares of the firm's stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $56.70, for a total transaction of $56,700.00. Following the completion of the sale, the director now directly owns 7,392 shares in the company, valued at $419,126.40. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 5.37% of the company's stock.
Hedge Funds Weigh In On Bel Fuse
Hedge funds have recently modified their holdings of the stock. Covestor Ltd grew its stake in shares of Bel Fuse by 26.5% in the 3rd quarter. Covestor Ltd now owns 1,012 shares of the electronics maker's stock valued at $48,000 after buying an additional 212 shares in the last quarter. Toronto Dominion Bank bought a new stake in Bel Fuse in the third quarter worth approximately $48,000. New York State Teachers Retirement System increased its stake in shares of Bel Fuse by 373.5% during the 1st quarter. New York State Teachers Retirement System now owns 947 shares of the electronics maker's stock worth $57,000 after purchasing an additional 747 shares during the last quarter. Tucker Asset Management LLC acquired a new position in shares of Bel Fuse during the 3rd quarter worth $59,000. Finally, AJOVista LLC bought a new position in shares of Bel Fuse during the 4th quarter valued at $73,000. 58.39% of the stock is owned by institutional investors and hedge funds.
Bel Fuse Company Profile
(
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Bel Fuse Inc designs, manufactures, markets, and sells products that are used in the networking, telecommunications, computing, general industrial, high-speed data transmission, military, commercial aerospace, transportation, and e-Mobility industries in the United States, the People's Republic of China, Macao, the United Kingdom, Slovakia, Germany, India, Switzerland, and internationally.
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