Bel Fuse Inc. (NASDAQ:BELFB - Free Report) - Equities research analysts at Northland Capmk cut their Q3 2024 earnings per share estimates for shares of Bel Fuse in a report released on Thursday, May 2nd. Northland Capmk analyst B. Brooks now anticipates that the electronics maker will post earnings per share of $1.15 for the quarter, down from their prior estimate of $1.24. The consensus estimate for Bel Fuse's current full-year earnings is $4.39 per share. Northland Capmk also issued estimates for Bel Fuse's Q1 2025 earnings at $1.12 EPS, Q2 2025 earnings at $1.30 EPS, Q3 2025 earnings at $1.44 EPS and FY2025 earnings at $5.24 EPS.
Other research analysts also recently issued research reports about the stock. Northland Securities downgraded shares of Bel Fuse from an "outperform" rating to a "market perform" rating and set a $63.00 price objective for the company. in a report on Thursday. Needham & Company LLC cut their price target on Bel Fuse from $70.00 to $68.00 and set a "buy" rating for the company in a report on Monday. Finally, StockNews.com raised Bel Fuse from a "hold" rating to a "buy" rating in a report on Friday, April 26th.
Get Our Latest Stock Analysis on BELFB
Bel Fuse Price Performance
NASDAQ BELFB traded down $0.53 during trading hours on Friday, reaching $58.04. The company's stock had a trading volume of 89,166 shares, compared to its average volume of 118,405. The company has a quick ratio of 2.70, a current ratio of 4.21 and a debt-to-equity ratio of 0.17. Bel Fuse has a 1 year low of $39.13 and a 1 year high of $74.75. The firm's 50-day moving average price is $57.67 and its 200-day moving average price is $59.00. The company has a market capitalization of $740.59 million, a price-to-earnings ratio of 9.77 and a beta of 1.46.
Bel Fuse (NASDAQ:BELFB - Get Free Report) last released its earnings results on Wednesday, February 21st. The electronics maker reported $1.37 earnings per share for the quarter, missing analysts' consensus estimates of $1.44 by ($0.07). Bel Fuse had a net margin of 12.62% and a return on equity of 23.58%. The firm had revenue of $140.01 million for the quarter, compared to analysts' expectations of $152.86 million.
Institutional Trading of Bel Fuse
Several institutional investors and hedge funds have recently made changes to their positions in BELFB. Covestor Ltd raised its holdings in Bel Fuse by 26.5% in the third quarter. Covestor Ltd now owns 1,012 shares of the electronics maker's stock worth $48,000 after purchasing an additional 212 shares in the last quarter. Toronto Dominion Bank bought a new position in shares of Bel Fuse during the 3rd quarter worth approximately $48,000. New York State Teachers Retirement System boosted its stake in Bel Fuse by 373.5% in the first quarter. New York State Teachers Retirement System now owns 947 shares of the electronics maker's stock valued at $57,000 after acquiring an additional 747 shares in the last quarter. Tucker Asset Management LLC purchased a new position in Bel Fuse in the third quarter worth $59,000. Finally, AJOVista LLC purchased a new stake in shares of Bel Fuse during the 4th quarter valued at $73,000. 58.39% of the stock is currently owned by institutional investors.
Insiders Place Their Bets
In related news, Director Vincent Vellucci sold 1,000 shares of the firm's stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $56.70, for a total value of $56,700.00. Following the transaction, the director now owns 7,392 shares of the company's stock, valued at approximately $419,126.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 5.37% of the company's stock.
Bel Fuse Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 1st. Shareholders of record on Monday, July 15th will be given 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 Friday, July 12th. Bel Fuse's dividend payout ratio (DPR) is presently 4.71%.
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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