Bel Fuse (BELFB) Scheduled to Post Quarterly Earnings on Thursday

Bel Fuse (NASDAQ:BELFB) is set to release its earnings data after the market closes on Thursday, April 25th. Analysts expect Bel Fuse to post earnings of $1.04 per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

Bel Fuse (NASDAQ:BELFB) last posted its earnings results on Wednesday, February 21st. The electronics maker reported $1.37 earnings per share for the quarter, missing the consensus estimate of $1.44 by ($0.07). Bel Fuse had a return on equity of 24.87% and a net margin of 11.54%. The firm had revenue of $140.01 million during the quarter, compared to analyst estimates of $152.86 million. On average, analysts expect Bel Fuse to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Bel Fuse Price Performance

BELFB opened at $56.82 on Thursday. The stock has a market cap of $725.02 million, a P/E ratio of 9.75 and a beta of 1.45. The company has a quick ratio of 2.21, a current ratio of 3.45 and a debt-to-equity ratio of 0.18. The company has a fifty day simple moving average of $60.26 and a 200 day simple moving average of $58.18. Bel Fuse has a 12 month low of $30.11 and a 12 month high of $74.75.

Bel Fuse Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Monday, April 15th will be issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 0.49%. The ex-dividend date of this dividend is Friday, April 12th. Bel Fuse’s dividend payout ratio (DPR) is presently 4.80%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on BELFB. Northland Securities assumed coverage on Bel Fuse in a research note on Thursday, January 11th. They issued an “outperform” rating and a $83.00 price target for the company. Needham & Company LLC decreased their target price on shares of Bel Fuse from $77.00 to $70.00 and set a “buy” rating for the company in a research note on Friday, February 23rd. Finally, StockNews.com lowered shares of Bel Fuse from a “buy” rating to a “hold” rating in a research report on Wednesday, April 10th.

Insider Buying and Selling

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 shares were 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 approximately $419,126.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 5.37% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of BELFB. Lazard Asset Management LLC increased its holdings in Bel Fuse by 1,481.9% in the 1st quarter. Lazard Asset Management LLC now owns 1,835 shares of the electronics maker’s stock worth $32,000 after purchasing an additional 1,719 shares in the last quarter. Belpointe Asset Management LLC acquired a new position in shares of Bel Fuse in the first quarter valued at approximately $33,000. UBS Group AG raised its holdings in Bel Fuse by 105.1% in the 1st quarter. UBS Group AG now owns 2,053 shares of the electronics maker’s stock valued at $37,000 after buying an additional 1,052 shares during the last quarter. Citigroup Inc. acquired a new stake in Bel Fuse during the 1st quarter worth approximately $39,000. Finally, Teachers Retirement System of The State of Kentucky bought a new position in shares of Bel Fuse during the third quarter valued at $40,000. Institutional investors own 58.39% of the company’s stock.

About Bel Fuse

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.