Brokers Offer Predictions for Bel Fuse Inc.’s Q2 2024 Earnings (NASDAQ:BELFB)

Bel Fuse Inc. (NASDAQ:BELFB) – Litchfield Hills Research decreased their Q2 2024 earnings per share estimates for Bel Fuse in a report released on Tuesday, April 30th. Litchfield Hills Research analyst T. O’neill now forecasts that the electronics maker will post earnings per share of $0.79 for the quarter, down from their previous estimate of $1.07. The consensus estimate for Bel Fuse’s current full-year earnings is $4.39 per share. Litchfield Hills Research also issued estimates for Bel Fuse’s Q3 2024 earnings at $1.15 EPS, Q4 2024 earnings at $0.96 EPS, FY2024 earnings at $4.13 EPS, Q1 2025 earnings at $0.91 EPS, Q4 2025 earnings at $1.33 EPS and FY2025 earnings at $4.94 EPS.

BELFB has been the subject of several other reports. StockNews.com downgraded Bel Fuse from a “buy” rating to a “hold” rating in a research report on Saturday. Needham & Company LLC lowered their price objective on Bel Fuse from $70.00 to $68.00 and set a “buy” rating for the company in a research report on Monday, April 29th. Finally, Northland Securities lowered Bel Fuse from an “outperform” rating to a “market perform” rating and set a $63.00 price objective on the stock. in a research note on Thursday.

Bel Fuse Price Performance

Bel Fuse stock opened at $58.04 on Thursday. The company has a current ratio of 4.21, a quick ratio of 2.70 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $740.59 million, a PE ratio of 9.77 and a beta of 1.46. Bel Fuse has a 12 month low of $39.13 and a 12 month high of $74.75. The stock has a 50-day moving average price of $57.67 and a two-hundred day moving average price of $59.00.

Bel Fuse (NASDAQ:BELFB) last posted its earnings results on Wednesday, February 21st. The electronics maker reported $1.37 EPS for the quarter, missing the consensus estimate of $1.44 by ($0.07). The firm had revenue of $140.01 million during the quarter, compared to the consensus estimate of $152.86 million. Bel Fuse had a net margin of 12.62% and a return on equity of 23.58%.

Bel Fuse Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 1st. Shareholders of record on Monday, July 15th will be given 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 (DPR) is currently 4.71%.

Insider Buying and Selling at Bel Fuse

In related news, Director Vincent Vellucci sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $56.70, for a total transaction of $56,700.00. Following the completion of the sale, the director now owns 7,392 shares of the company’s stock, valued at $419,126.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 5.37% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of BELFB. International Assets Investment Management LLC acquired a new position in Bel Fuse during the 4th quarter worth approximately $6,041,000. Swiss National Bank acquired a new position in shares of Bel Fuse during the third quarter worth approximately $1,117,000. Toronto Dominion Bank acquired a new position in shares of Bel Fuse during the third quarter worth approximately $48,000. Gotham Asset Management LLC bought a new position in shares of Bel Fuse in the 3rd quarter worth $412,000. Finally, Strs Ohio grew its position in Bel Fuse by 757.1% in the 3rd quarter. Strs Ohio now owns 6,000 shares of the electronics maker’s stock valued at $286,000 after purchasing an additional 5,300 shares during the period. Institutional investors and hedge funds own 58.39% of the company’s stock.

Bel Fuse Company Profile

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.