Bel Fuse (BELFB) to Release Earnings on Thursday

Bel Fuse (NASDAQ:BELFB) will likely be announcing its earnings results after the market closes on Thursday, April 24th. Analysts expect the company to announce earnings of $0.85 per share and revenue of $147.93 million for the quarter.

Bel Fuse (NASDAQ:BELFB) last announced its earnings results on Tuesday, February 18th. The electronics maker reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of $0.96 by ($1.10). The business had revenue of $149.86 million during the quarter, compared to analysts’ expectations of $126.41 million. Bel Fuse had a return on equity of 12.37% and a net margin of 7.66%. During the same quarter in the previous year, the firm earned $1.29 EPS. On average, analysts expect Bel Fuse to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Bel Fuse Stock Performance

Shares of BELFB opened at $65.73 on Wednesday. The stock has a 50 day moving average of $75.20 and a 200 day moving average of $78.89. The company has a current ratio of 2.92, a quick ratio of 1.66 and a debt-to-equity ratio of 0.80. Bel Fuse has a 12 month low of $57.00 and a 12 month high of $92.61. The company has a market capitalization of $824.19 million, a price-to-earnings ratio of 20.10, a PEG ratio of 1.24 and a beta of 1.12.

Bel Fuse Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Tuesday, April 15th will be given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 0.43%. The ex-dividend date is Tuesday, April 15th. Bel Fuse’s dividend payout ratio is presently 8.56%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Craig Hallum initiated coverage on shares of Bel Fuse in a research report on Tuesday, March 25th. They set a “buy” rating and a $115.00 price target for the company. Needham & Company LLC increased their target price on shares of Bel Fuse from $95.00 to $100.00 and gave the company a “buy” rating in a research report on Thursday, February 20th. Finally, StockNews.com cut shares of Bel Fuse from a “buy” rating to a “hold” rating in a report on Thursday, February 20th. One research analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $103.75.

About Bel Fuse

Bel Fuse Inc designs, manufactures, markets, and sells products that power, protect, and connect electronic circuits. The company’s products are used in the networking, telecommunications, computing, general industrial, high-speed data transmission, military, commercial aerospace, transportation, and e-Mobility industries.