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

Bel Fuse (NASDAQ:BELFB) is expected to be issuing its results after the market closes on Wednesday, July 29th. Analysts expect Bel Fuse to announce earnings of $2.34 per share and revenue of $206.46 million for the quarter.

Bel Fuse Stock Performance

Bel Fuse stock opened at $272.80 on Monday. The business has a 50 day moving average price of $280.40 and a two-hundred day moving average price of $244.39. The company has a quick ratio of 1.73, a current ratio of 3.18 and a debt-to-equity ratio of 0.47. Bel Fuse has a 12 month low of $107.70 and a 12 month high of $335.29. The stock has a market cap of $3.47 billion, a price-to-earnings ratio of 62.14, a price-to-earnings-growth ratio of 2.83 and a beta of 1.68.

Bel Fuse Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Wednesday, July 15th will be given a dividend of $0.07 per share. The ex-dividend date is Wednesday, July 15th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.1%. Bel Fuse’s payout ratio is currently 6.38%.

Analyst Ratings Changes

BELFB has been the subject of a number of recent research reports. Northland Securities set a $321.00 target price on Bel Fuse in a research note on Monday, May 4th. Bank of America initiated coverage on shares of Bel Fuse in a research note on Tuesday, July 14th. They set a “buy” rating and a $330.00 price target on the stock. B. Riley Financial initiated coverage on shares of Bel Fuse in a research note on Tuesday, July 14th. They issued a “buy” rating for the company. Weiss Ratings raised shares of Bel Fuse from a “hold (c)” rating to a “buy (b-)” rating in a report on Wednesday, May 6th. Finally, Zacks Research lowered shares of Bel Fuse from a “hold” rating to a “strong sell” rating in a research report on Monday, July 6th. Eight investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $321.50.

Institutional Trading of Bel Fuse

Large investors have recently bought and sold shares of the stock. Price T Rowe Associates Inc. MD lifted its holdings in shares of Bel Fuse by 74.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 834,261 shares of the electronics maker’s stock valued at $141,517,000 after acquiring an additional 355,563 shares during the period. Janus Henderson Group PLC grew its holdings in shares of Bel Fuse by 19.2% in the 4th quarter. Janus Henderson Group PLC now owns 619,337 shares of the electronics maker’s stock worth $105,016,000 after purchasing an additional 99,834 shares during the last quarter. T. Rowe Price Investment Management Inc. increased its position in shares of Bel Fuse by 45.3% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 519,005 shares of the electronics maker’s stock worth $88,039,000 after purchasing an additional 161,736 shares in the last quarter. Wasatch Advisors LP increased its position in shares of Bel Fuse by 74.3% during the 4th quarter. Wasatch Advisors LP now owns 410,487 shares of the electronics maker’s stock worth $69,631,000 after purchasing an additional 174,969 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in Bel Fuse by 1.1% during the 4th quarter. Geode Capital Management LLC now owns 267,950 shares of the electronics maker’s stock valued at $45,460,000 after purchasing an additional 2,803 shares during the last quarter. 58.39% of the stock is currently owned by institutional investors.

About Bel Fuse

Bel Fuse Inc is a global manufacturer of electronic components that bridge power, data and video applications. The company offers a comprehensive portfolio of products, including board-level circuit protection devices such as fuses, positive temperature coefficient (PTC) resistors and inductors; power transformers, modules and supplies; as well as connectivity solutions encompassing USB, HDMI, RJ45, coaxial and fiber-optic connectors. These products serve a wide array of end markets, including telecommunications, data communications, consumer electronics, industrial automation, automotive and renewable energy.

Founded in 1949 and headquartered in Oradell, New Jersey, Bel Fuse has grown through organic expansion and strategic acquisitions.