Bel Fuse (BELFB) Projected to Release Earnings on Wednesday

Key Points

• Bel Fuse is expected to report quarterly results after Wednesday’s market close, with analysts forecasting earnings of $2.72 per share on revenue of $215.74 million.
• The stock opened at $212.40 and has declined 1.5%, trading below its 50-day and 200-day moving averages. Despite the weakness, analysts maintain a consensus “Moderate Buy” rating and an average price target of $315.67.
• Bel Fuse declared a quarterly dividend of $0.07 per share, while company insiders have sold 1,893 shares worth approximately $476,949 over the past 90 days.

Bel Fuse (NASDAQ:BELFB - Get Free Report) will likely be announcing its results after the market closes on Wednesday, October 28th. Analysts expect Bel Fuse to announce earnings of $2.72 per share and revenue of $215.74 million for the quarter.

Bel Fuse Stock Down 1.5%

BELFB opened at $212.40 on Wednesday. The company has a market capitalization of $3.07 billion, a price-to-earnings ratio of 52.07, a PEG ratio of 2.31 and a beta of 1.67. The firm has a 50-day moving average price of $248.25 and a 200-day moving average price of $263.37. Bel Fuse has a twelve month low of $129.94 and a twelve month high of $335.29.

Bel Fuse Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Thursday, October 15th will be paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date is Thursday, October 15th. Bel Fuse's dividend payout ratio is presently 6.76%.

Insider Activity at Bel Fuse

In related news, Director Vincent Vellucci sold 1,000 shares of the company's stock in a transaction that occurred on Monday, September 14th. The shares were sold at an average price of $235.15, for a total transaction of $235,150.00. Following the sale, the director owned 7,434 shares of the company's stock, valued at approximately $1,748,105.10. This represents a 11.86% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Peter E. Gilbert sold 500 shares of the 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 completion of the sale, the director owned 750 shares in the company, valued at $219,090. This represents a 40.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 1,893 shares of company stock valued at $476,949. 5.37% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

BELFB has been the subject of a number of recent research reports. JPMorgan Chase & Co. reduced their price objective on shares of Bel Fuse from $380.00 to $330.00 and set an "overweight" rating for the company in a research note on Tuesday, October 13th. B. Riley Financial initiated coverage on shares of Bel Fuse in a report on Tuesday, July 14th. They set a "buy" rating on the stock. Northland Securities set a $326.00 target price on Bel Fuse in a research report on Friday, July 31st. Wall Street Zen upgraded Bel Fuse from a "hold" rating to a "buy" rating in a research report on Saturday, August 8th. Finally, Citigroup assumed coverage on Bel Fuse in a report on Monday, July 13th. They issued a "buy" rating for the company. Six investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat.com, Bel Fuse currently has a consensus rating of "Moderate Buy" and a consensus target price of $315.67.

Bel Fuse Company Profile

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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