Q3 2024 EPS Estimates for Bel Fuse Inc. Cut by Analyst (NASDAQ:BELFB)

Bel Fuse Inc. (NASDAQ:BELFB) – Equities researchers at Northland Capmk dropped their Q3 2024 earnings per share (EPS) estimates for Bel Fuse in a research report issued to clients and investors on Thursday, May 2nd. Northland Capmk analyst B. Brooks now forecasts that the electronics maker will post earnings per share of $1.15 for the quarter, down from their previous forecast of $1.24. The consensus estimate for Bel Fuse’s current full-year earnings is $4.39 per share. Northland Capmk also issued estimates for Bel Fuse’s Q1 2025 earnings at $1.12 EPS, Q2 2025 earnings at $1.30 EPS, Q3 2025 earnings at $1.44 EPS and FY2025 earnings at $5.24 EPS.

Several other research analysts have also weighed in on the stock. Northland Securities lowered shares of Bel Fuse from an “outperform” rating to a “market perform” rating and set a $63.00 price objective on the stock. in a research note on Thursday. Needham & Company LLC cut their price objective on Bel Fuse from $70.00 to $68.00 and set a “buy” rating for the company in a report on Monday, April 29th. Finally, StockNews.com lowered Bel Fuse from a “buy” rating to a “hold” rating in a research report on Saturday.

Bel Fuse Price Performance

NASDAQ BELFB opened at $58.04 on Friday. The company has a debt-to-equity ratio of 0.17, a current ratio of 4.21 and a quick ratio of 2.70. The firm has a market capitalization of $740.59 million, a price-to-earnings ratio of 9.77 and a beta of 1.46. The company has a 50 day simple moving average of $57.67 and a 200-day simple moving average of $59.00. Bel Fuse has a 52-week low of $39.13 and a 52-week high of $74.75.

Bel Fuse (NASDAQ:BELFB) last announced its quarterly earnings data on Wednesday, February 21st. The electronics maker reported $1.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.44 by ($0.07). Bel Fuse had a return on equity of 23.58% and a net margin of 12.62%. The business had revenue of $140.01 million during the quarter, compared to analysts’ expectations of $152.86 million.

Bel Fuse Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 1st. Stockholders of record on Monday, July 15th will be issued a dividend of $0.07 per share. The ex-dividend date of this dividend is Friday, July 12th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.48%. Bel Fuse’s dividend payout ratio is currently 4.71%.

Insider Activity at Bel Fuse

In other Bel Fuse 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 $419,126.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 5.37% of the stock is owned by company insiders.

Hedge Funds Weigh In On Bel Fuse

Institutional investors have recently modified their holdings of the company. GW&K Investment Management LLC bought a new position in shares of Bel Fuse in the fourth quarter worth about $12,537,000. Loomis Sayles & Co. L P acquired a new position in shares of Bel Fuse during the third quarter worth approximately $8,377,000. Ophir Asset Management Pty Ltd bought a new stake in shares of Bel Fuse in the fourth quarter valued at approximately $6,572,000. International Assets Investment Management LLC acquired a new stake in shares of Bel Fuse in the fourth quarter worth $6,041,000. Finally, American Century Companies Inc. increased its position in Bel Fuse by 29.8% during the third quarter. American Century Companies Inc. now owns 169,920 shares of the electronics maker’s stock worth $8,109,000 after acquiring an additional 39,046 shares during the period. Institutional investors own 58.39% of the company’s stock.

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.