Bel Fuse (BELFB) to Release Quarterly Earnings on Thursday

Bel Fuse (NASDAQ:BELFB) will be releasing 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. Individual interested in listening to the company’s earnings conference call can do so using this link.

Bel Fuse (NASDAQ:BELFB) last released its quarterly 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). The company had revenue of $140.01 million during 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 2.5 %

Shares of BELFB opened at $56.82 on Thursday. 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 1-year low of $30.11 and a 1-year high of $74.75. The stock has a market capitalization of $725.02 million, a P/E ratio of 9.75 and a beta of 1.45. The business’s 50-day moving average price is $60.26 and its 200 day moving average price is $58.18.

Bel Fuse Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 1st. Investors of record on Monday, April 15th will be given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 0.49%. The ex-dividend date of this dividend is Friday, April 12th. Bel Fuse’s payout ratio is presently 4.80%.

Insider Buying and Selling

In other Bel Fuse news, Director Vincent Vellucci sold 1,000 shares of Bel Fuse stock in a transaction 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 of the company’s stock, valued at $419,126.40. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 5.37% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of BELFB. Lazard Asset Management LLC increased its holdings in Bel Fuse by 1,481.9% in the first quarter. Lazard Asset Management LLC now owns 1,835 shares of the electronics maker’s stock valued at $32,000 after purchasing an additional 1,719 shares during the last quarter. Belpointe Asset Management LLC acquired a new position in shares of Bel Fuse during the 1st quarter worth about $33,000. UBS Group AG grew its position in shares of Bel Fuse by 105.1% during the 1st quarter. UBS Group AG now owns 2,053 shares of the electronics maker’s stock worth $37,000 after buying an additional 1,052 shares during the period. Citigroup Inc. bought a new stake in shares of Bel Fuse in the 1st quarter valued at about $39,000. Finally, Teachers Retirement System of The State of Kentucky acquired a new stake in shares of Bel Fuse in the 3rd quarter valued at approximately $40,000. Institutional investors own 58.39% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on BELFB. Northland Securities initiated coverage on shares of Bel Fuse in a research report on Thursday, January 11th. They set an “outperform” rating and a $83.00 price objective on the stock. Needham & Company LLC dropped their price target on shares of Bel Fuse from $77.00 to $70.00 and set a “buy” rating on the stock in a research note on Friday, February 23rd. Finally, StockNews.com lowered shares of Bel Fuse from a “buy” rating to a “hold” rating in a research note on Wednesday, April 10th.

Bel Fuse Company Profile

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.