Bel Fuse (BELFA) Set to Release Quarterly Earnings on Wednesday

Key Points

• Bel Fuse is expected to report quarterly results after the market closes on Wednesday, October 28. Analysts forecast earnings of $2.71 per share and revenue of $215.20 million.
• In the previous quarter, Bel Fuse exceeded expectations, reporting EPS of $2.76 versus the $2.34 consensus and revenue of $210.69 million versus estimates of $206.39 million.
• The stock opened at $171.70, below its 50-day and 200-day moving averages, while analysts maintain a “Moderate Buy” consensus with an average price target of $250. The company also declared a quarterly dividend of $0.06 per share.

Bel Fuse (NASDAQ:BELFA - Get Free Report) is anticipated to issue its results after the market closes on Wednesday, October 28th. Analysts expect the company to post earnings of $2.71 per share and revenue of $215.20 million for the quarter.

Bel Fuse (NASDAQ:BELFA - Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The scientific and technical instruments company reported $2.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.34 by $0.42. Bel Fuse had a return on equity of 20.55% and a net margin of 7.21%. The company had revenue of $210.69 million for the quarter, compared to analysts' expectations of $206.39 million.

Bel Fuse Stock Performance

NASDAQ BELFA opened at $171.70 on Wednesday. The business has a fifty day moving average price of $203.42 and a 200 day moving average price of $226.30. Bel Fuse has a one year low of $114.02 and a one year high of $293.51. The company has a market cap of $2.48 billion, a P/E ratio of 43.91 and a beta of 1.37.

Bel Fuse Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Thursday, October 15th will be paid a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend is Thursday, October 15th. Bel Fuse's dividend payout ratio (DPR) is currently 6.14%.

Insider Activity at Bel Fuse

In other news, Director Vincent Vellucci sold 393 shares of the stock in a transaction that occurred on Wednesday, September 2nd. The shares were sold at an average price of $243.61, for a total value of $95,738.73. Following the completion of the sale, the director owned 8,434 shares of the company's stock, valued at $2,054,606.74. This represents a 4.45% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Peter E. Gilbert sold 500 shares of the firm's stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $292.12, for a total transaction of $146,060.00. Following the sale, the director owned 750 shares of the company's stock, valued at $219,090. This represents a 40.00% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 4.75% of the company's stock.

Analyst Upgrades and Downgrades

BELFA has been the topic of several recent research reports. Weiss Ratings cut Bel Fuse from a "hold (c+)" rating to a "hold (c)" rating in a report on Wednesday, August 26th. Citigroup began coverage on Bel Fuse in a report on Monday, July 13th. They issued a "buy" rating for the company. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, Bel Fuse has a consensus rating of "Moderate Buy" and an average target price of $250.00.

Bel Fuse Company Profile

Bel Fuse Inc designs, manufactures and markets products that support power management, circuit protection, connectivity and signal transmission. Its portfolio includes fuses and other circuit-protection devices, power supplies, DC-DC converters, magnetics, connectors, cable assemblies and discrete components used in electronic systems.

The company serves a range of markets, including networking and telecommunications, data centers, consumer electronics, automotive, medical, industrial, aerospace and defense applications.

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