Bel Fuse (BELFA) Projected to Post Earnings on Wednesday

Bel Fuse (NASDAQ:BELFA) is expected to issue its results after the market closes on Wednesday, July 29th. Analysts expect Bel Fuse to post earnings of $2.34 per share and revenue of $206.3920 million for the quarter.

Bel Fuse (NASDAQ:BELFA) last issued its quarterly earnings results on Wednesday, April 29th. The scientific and technical instruments company reported $1.72 earnings per share for the quarter, topping analysts’ consensus estimates of $1.62 by $0.10. Bel Fuse had a return on equity of 22.38% and a net margin of 7.84%.The firm had revenue of $178.49 million during the quarter, compared to the consensus estimate of $172.07 million.

Bel Fuse Price Performance

Shares of NASDAQ BELFA opened at $225.76 on Tuesday. The firm has a market capitalization of $2.87 billion, a P/E ratio of 54.40 and a beta of 1.37. The firm’s 50-day moving average price is $245.55 and its 200-day moving average price is $220.33. The company has a current ratio of 3.18, a quick ratio of 1.73 and a debt-to-equity ratio of 0.47. Bel Fuse has a 1-year low of $105.97 and a 1-year high of $293.51.

Hedge Funds Weigh In On Bel Fuse

Hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in Bel Fuse by 13.9% during the third quarter. Vanguard Group Inc. now owns 52,614 shares of the scientific and technical instruments company’s stock valued at $6,122,000 after purchasing an additional 6,408 shares during the last quarter. Hound Partners LLC bought a new position in shares of Bel Fuse in the 4th quarter worth $5,714,000. Geode Capital Management LLC raised its position in shares of Bel Fuse by 7.7% during the 4th quarter. Geode Capital Management LLC now owns 37,606 shares of the scientific and technical instruments company’s stock valued at $5,709,000 after buying an additional 2,674 shares in the last quarter. State Street Corp raised its position in shares of Bel Fuse by 1.8% during the 4th quarter. State Street Corp now owns 21,706 shares of the scientific and technical instruments company’s stock valued at $3,295,000 after buying an additional 378 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership bought a new stake in shares of Bel Fuse during the 3rd quarter worth $1,628,000. Hedge funds and other institutional investors own 6.01% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on BELFA. Citigroup started coverage on shares of Bel Fuse in a report on Monday, July 13th. They set a “buy” rating on the stock. Weiss Ratings upgraded shares of Bel Fuse from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, May 6th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $250.00.

Bel Fuse Company Profile

Bel Fuse Inc, incorporated in 1949 and headquartered in Jersey City, New Jersey, designs and manufactures a broad range of electronic components aimed at ensuring reliable power delivery, circuit protection and signal connectivity. The company operates through two primary segments—Power Solutions Group and Telecom Products Group—serving original equipment manufacturers in multiple end markets, including telecommunications, data communications, consumer electronics, industrial and transportation.

Within its Power Solutions Group, Bel Fuse offers magnetic components such as power and signal transformers, inductors and coils, as well as circuit protection devices including fuses and resettable polyfuses.