Bel Fuse (NASDAQ:BELFB) Announces Quarterly Earnings Results

Bel Fuse (NASDAQ:BELFB) released its earnings results on Tuesday. The electronics maker reported ($0.14) earnings per share for the quarter, missing the consensus estimate of $0.96 by ($1.10), Zacks reports. Bel Fuse had a net margin of 10.44% and a return on equity of 17.97%. The business had revenue of $149.86 million for the quarter, compared to analysts’ expectations of $126.41 million. During the same period last year, the firm earned $1.29 EPS.

Bel Fuse Price Performance

NASDAQ:BELFB traded up $4.56 during trading hours on Wednesday, reaching $86.67. The company had a trading volume of 21,285 shares, compared to its average volume of 79,978. The stock has a 50-day moving average of $81.87 and a two-hundred day moving average of $76.96. The company has a quick ratio of 2.71, a current ratio of 4.00 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $1.09 billion, a PE ratio of 19.90, a PEG ratio of 0.97 and a beta of 1.28. Bel Fuse has a one year low of $45.74 and a one year high of $92.61.

Insider Transactions at Bel Fuse

In other news, insider Stephen Dawson sold 1,500 shares of the firm’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $77.65, for a total transaction of $116,475.00. Following the sale, the insider now owns 14,832 shares of the company’s stock, valued at $1,151,704.80. This trade represents a 9.18 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Joseph Francis Berry sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $80.30, for a total value of $80,300.00. Following the sale, the vice president now directly owns 8,023 shares in the company, valued at approximately $644,246.90. This represents a 11.08 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 5.37% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on BELFB. Oppenheimer began coverage on Bel Fuse in a research note on Tuesday, December 17th. They issued an “outperform” rating and a $105.00 price target for the company. StockNews.com lowered Bel Fuse from a “strong-buy” rating to a “buy” rating in a report on Wednesday, January 29th. Finally, Needham & Company LLC boosted their target price on Bel Fuse from $79.00 to $95.00 and gave the stock a “buy” rating in a report on Monday, November 18th. Four investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Bel Fuse has a consensus rating of “Buy” and a consensus target price of $98.33.

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.