Bel Fuse (BELFB) Expected to Announce Quarterly Earnings on Wednesday

Bel Fuse (NASDAQ:BELFB) will likely be issuing its quarterly earnings data after the market closes on Wednesday, July 23rd. Analysts expect the company to announce earnings of $1.37 per share and revenue of $149.60 million for the quarter.

Bel Fuse (NASDAQ:BELFB) last released its earnings results on Thursday, April 24th. The electronics maker reported $1.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.50. Bel Fuse had a return on equity of 12.38% and a net margin of 7.69%. The company had revenue of $152.24 million for the quarter, compared to analysts’ expectations of $147.93 million. 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

NASDAQ BELFB opened at $98.24 on Wednesday. The company has a current ratio of 3.31, a quick ratio of 1.83 and a debt-to-equity ratio of 0.76. The business’s 50 day moving average is $84.67 and its two-hundred day moving average is $79.35. Bel Fuse has a 12-month low of $58.00 and a 12-month high of $103.84. The stock has a market capitalization of $1.24 billion, a price-to-earnings ratio of 28.56, a PEG ratio of 1.44 and a beta of 1.51.

Bel Fuse Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Tuesday, July 15th will be given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.24%. The ex-dividend date is Tuesday, July 15th. Bel Fuse’s payout ratio is 8.14%.

Insider Transactions at Bel Fuse

In related news, VP Kenneth Koon Keung Lai sold 4,000 shares of the stock in a transaction on Friday, June 13th. The stock was sold at an average price of $84.03, for a total value of $336,120.00. Following the completion of the sale, the vice president directly owned 12,155 shares in the company, valued at approximately $1,021,384.65. This represents a 24.76% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 5.37% of the company’s stock.

Hedge Funds Weigh In On Bel Fuse

An institutional investor recently raised its position in Bel Fuse stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Bel Fuse Inc. (NASDAQ:BELFB) by 4.1% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6,127 shares of the electronics maker’s stock after purchasing an additional 240 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in Bel Fuse were worth $459,000 as of its most recent filing with the SEC. 58.39% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

BELFB has been the topic of several research analyst reports. Robert W. Baird initiated coverage on Bel Fuse in a research note on Tuesday, June 10th. They set an “outperform” rating and a $88.00 price target on the stock. Northland Securities boosted their price target on Bel Fuse from $93.00 to $110.00 and gave the stock an “outperform” rating in a research note on Monday, June 30th. Baird R W raised Bel Fuse to a “strong-buy” rating in a research note on Tuesday, June 10th. Oppenheimer set a $125.00 target price on Bel Fuse and gave the company an “outperform” rating in a research note on Wednesday, July 2nd. Finally, Needham & Company LLC reduced their target price on Bel Fuse from $100.00 to $95.00 and set a “buy” rating on the stock in a research note on Monday, April 28th. One equities research analyst has rated the stock with a hold rating, five have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $106.60.

Bel Fuse Company Profile

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.