Bel Fuse (BELFB) Set to Announce Earnings on Thursday

Bel Fuse (NASDAQ:BELFB) is scheduled to issue its quarterly earnings data after the market closes on Thursday, April 25th. Analysts expect the company to announce earnings of $1.04 per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Bel Fuse (NASDAQ:BELFB) last issued its quarterly earnings results on Wednesday, February 21st. The electronics maker reported $1.37 EPS for the quarter, missing analysts’ consensus estimates of $1.44 by ($0.07). The business 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 24.87% and a net margin of 11.54%. 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 Stock Performance

Shares of Bel Fuse stock opened at $59.06 on Wednesday. The firm has a market capitalization of $753.43 million, a P/E ratio of 10.13 and a beta of 1.44. The business’s fifty day simple moving average is $58.93 and its 200 day simple moving average is $58.52. The company has a current ratio of 3.45, a quick ratio of 2.21 and a debt-to-equity ratio of 0.18. Bel Fuse has a 12 month low of $30.11 and a 12 month high of $74.75.

Bel Fuse Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Monday, April 15th will be paid a $0.07 dividend. The ex-dividend date is Friday, April 12th. This represents a $0.28 annualized dividend and a dividend yield of 0.47%. Bel Fuse’s payout ratio is presently 4.80%.

Analyst Ratings Changes

Several analysts have issued reports on BELFB shares. Needham & Company LLC lowered their target price on Bel Fuse from $77.00 to $70.00 and set a “buy” rating on the stock in a research note on Friday, February 23rd. StockNews.com cut Bel Fuse from a “buy” rating to a “hold” rating in a research report on Wednesday, April 10th. Finally, Northland Securities started coverage on Bel Fuse in a research report on Thursday, January 11th. They set an “outperform” rating and a $83.00 target price for the company.

Insider Transactions at Bel Fuse

In other news, Director Vincent Vellucci sold 1,000 shares of the business’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $56.70, for a total value of $56,700.00. Following the completion of the sale, the director now owns 7,392 shares of the company’s stock, valued at approximately $419,126.40. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 5.37% of the company’s stock.

About Bel Fuse

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.