Bel Fuse (NASDAQ:BELFB - Get Free Report) is set to release its earnings data after the market closes on Thursday, April 25th. Analysts expect Bel Fuse to post earnings of $1.04 per share for the quarter. Parties that wish to register for the company's conference call can do so using this link.
Bel Fuse (NASDAQ:BELFB - Get Free Report) last released its quarterly earnings results on Wednesday, February 21st. The electronics maker reported $1.37 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.44 by ($0.07). The firm had revenue of $140.01 million for the quarter, compared to analyst estimates of $152.86 million. Bel Fuse had a net margin of 11.54% and a return on equity of 24.87%. On average, analysts expect Bel Fuse to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.
Bel Fuse Trading Down 1.4 %
Shares of NASDAQ:BELFB traded down $0.79 during mid-day trading on Thursday, hitting $56.03. The stock had a trading volume of 55,222 shares, compared to its average volume of 120,762. Bel Fuse has a 12-month low of $30.11 and a 12-month high of $74.75. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.21 and a current ratio of 3.45. The company has a market cap of $714.94 million, a PE ratio of 9.80 and a beta of 1.45. The company's 50 day moving average is $60.04 and its 200-day moving average is $58.17.
Bel Fuse Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Monday, April 15th will be given a $0.07 dividend. The ex-dividend date is Friday, April 12th. This represents a $0.28 annualized dividend and a dividend yield of 0.50%. Bel Fuse's dividend payout ratio (DPR) is presently 4.80%.
Insider Transactions at Bel Fuse
In other news, Director Vincent Vellucci sold 1,000 shares of the company's stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $56.70, for a total transaction of $56,700.00. Following the completion of the transaction, the director now directly owns 7,392 shares in the company, valued at $419,126.40. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 5.37% of the stock is currently owned by corporate insiders.
Institutional Trading of Bel Fuse
Several institutional investors have recently modified their holdings of the company. BlackRock Inc. raised its stake in shares of Bel Fuse by 210.7% in the second quarter. BlackRock Inc. now owns 752,760 shares of the electronics maker's stock valued at $43,216,000 after purchasing an additional 510,513 shares in the last quarter. State Street Corp raised its stake in shares of Bel Fuse by 326.6% in the second quarter. State Street Corp now owns 187,245 shares of the electronics maker's stock valued at $10,750,000 after purchasing an additional 143,349 shares in the last quarter. ArrowMark Colorado Holdings LLC acquired a new position in Bel Fuse during the first quarter worth $4,829,000. Geode Capital Management LLC lifted its holdings in shares of Bel Fuse by 100.7% during the second quarter. Geode Capital Management LLC now owns 229,030 shares of the electronics maker's stock valued at $13,149,000 after acquiring an additional 114,933 shares during the period. Finally, Vanguard Group Inc. lifted its holdings in shares of Bel Fuse by 19.4% during the third quarter. Vanguard Group Inc. now owns 657,885 shares of the electronics maker's stock valued at $16,612,000 after acquiring an additional 107,000 shares during the period. Institutional investors and hedge funds own 58.39% of the company's stock.
Wall Street Analyst Weigh In
A number of research firms have recently issued reports on BELFB. Northland Securities started coverage on shares of Bel Fuse in a research report on Thursday, January 11th. They issued an "outperform" rating and a $83.00 price target for the company. Needham & Company LLC decreased their target price on shares of Bel Fuse from $77.00 to $70.00 and set a "buy" rating for the company in a research note on Friday, February 23rd. Finally, StockNews.com downgraded shares of Bel Fuse from a "buy" rating to a "hold" rating in a research note on Wednesday, April 10th.
Check Out Our Latest Stock Report on BELFB
About Bel Fuse
(
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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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