Northland Capmk Comments on Bel Fuse Inc.’s Q3 2024 Earnings (NASDAQ:BELFB)

Bel Fuse Inc. (NASDAQ:BELFB) – Research analysts at Northland Capmk cut their Q3 2024 EPS estimates for shares of Bel Fuse in a note issued to investors on Thursday, May 2nd. Northland Capmk analyst B. Brooks now anticipates that the electronics maker will earn $1.15 per share for the quarter, down from their previous forecast of $1.24. The consensus estimate for Bel Fuse’s current full-year earnings is $4.39 per share. Northland Capmk also issued estimates for Bel Fuse’s Q1 2025 earnings at $1.12 EPS, Q2 2025 earnings at $1.30 EPS, Q3 2025 earnings at $1.44 EPS and FY2025 earnings at $5.24 EPS.

Bel Fuse (NASDAQ:BELFB) last issued its quarterly earnings data on Wednesday, February 21st. The electronics maker reported $1.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.44 by ($0.07). Bel Fuse had a net margin of 12.62% and a return on equity of 23.58%. The company had revenue of $140.01 million for the quarter, compared to analysts’ expectations of $152.86 million.

A number of other brokerages have also recently weighed in on BELFB. StockNews.com cut shares of Bel Fuse from a “buy” rating to a “hold” rating in a report on Saturday. Needham & Company LLC cut their price target on Bel Fuse from $70.00 to $68.00 and set a “buy” rating on the stock in a research note on Monday, April 29th. Finally, Northland Securities cut Bel Fuse from an “outperform” rating to a “market perform” rating and set a $63.00 price objective for the company. in a research note on Thursday.

Bel Fuse Stock Performance

Bel Fuse stock opened at $58.04 on Friday. Bel Fuse has a fifty-two week low of $39.13 and a fifty-two week high of $74.75. The stock has a market cap of $740.59 million, a price-to-earnings ratio of 9.77 and a beta of 1.46. The stock’s 50 day simple moving average is $57.67 and its two-hundred day simple moving average is $59.11. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.70 and a current ratio of 4.21.

Bel Fuse Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 1st. Shareholders of record on Monday, July 15th will be issued a dividend of $0.07 per share. The ex-dividend date is Friday, July 12th. This represents a $0.28 dividend on an annualized basis and a yield of 0.48%. Bel Fuse’s dividend payout ratio is currently 4.71%.

Insiders Place Their Bets

In other news, Director Vincent Vellucci sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $56.70, for a total value of $56,700.00. Following the transaction, the director now owns 7,392 shares of the company’s stock, valued at $419,126.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 5.37% of the company’s stock.

Institutional Investors Weigh In On Bel Fuse

Institutional investors and hedge funds have recently modified their holdings of the stock. AE Wealth Management LLC bought a new position in Bel Fuse during the third quarter valued at approximately $212,000. SG Americas Securities LLC bought a new position in shares of Bel Fuse during the 3rd quarter valued at approximately $214,000. Pinnacle Associates Ltd. boosted its position in shares of Bel Fuse by 0.7% during the 3rd quarter. Pinnacle Associates Ltd. now owns 37,035 shares of the electronics maker’s stock valued at $1,767,000 after acquiring an additional 250 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of Bel Fuse in the third quarter valued at $100,000. Finally, Strs Ohio increased its position in Bel Fuse by 757.1% in the third quarter. Strs Ohio now owns 6,000 shares of the electronics maker’s stock worth $286,000 after purchasing an additional 5,300 shares during the last quarter. 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.