Q3 2024 EPS Estimates for Bel Fuse Inc. (NASDAQ:BELFB) Decreased by Analyst

Bel Fuse Inc. (NASDAQ:BELFB) – Equities researchers at Northland Capmk reduced their Q3 2024 earnings per share (EPS) estimates for shares of Bel Fuse in a note issued to investors on Thursday, May 2nd. Northland Capmk analyst B. Brooks now forecasts that the electronics maker will post earnings of $1.15 per share for the quarter, down from their previous estimate 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.

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

Bel Fuse Stock Down 0.9 %

Bel Fuse stock opened at $58.04 on Friday. The firm has a market capitalization of $740.59 million, a P/E ratio of 9.77 and a beta of 1.46. The stock’s fifty day simple moving average is $57.67 and its 200-day simple moving average is $59.11. Bel Fuse has a twelve month low of $39.13 and a twelve month high of $74.75. The company has a current ratio of 4.21, a quick ratio of 2.70 and a debt-to-equity ratio of 0.17.

Bel Fuse (NASDAQ:BELFB) last issued its quarterly earnings results 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 return on equity of 23.58% and a net margin of 12.62%. The business had revenue of $140.01 million for the quarter, compared to analysts’ expectations of $152.86 million.

Bel Fuse Dividend Announcement

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

Insider Buying and Selling at Bel Fuse

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 transaction of $56,700.00. Following the sale, the director now owns 7,392 shares of the company’s stock, valued at approximately $419,126.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 5.37% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of BELFB. Covestor Ltd boosted its position in shares of Bel Fuse by 26.5% in the 3rd quarter. Covestor Ltd now owns 1,012 shares of the electronics maker’s stock valued at $48,000 after purchasing an additional 212 shares during the period. Toronto Dominion Bank acquired a new stake in shares of Bel Fuse in the third quarter valued at approximately $48,000. New York State Teachers Retirement System grew its position in shares of Bel Fuse by 373.5% during the first quarter. New York State Teachers Retirement System now owns 947 shares of the electronics maker’s stock worth $57,000 after acquiring an additional 747 shares during the last quarter. Tucker Asset Management LLC acquired a new position in shares of Bel Fuse in the 3rd quarter valued at $59,000. Finally, AJOVista LLC acquired a new position in shares of Bel Fuse in the 4th quarter valued at $73,000. 58.39% of the stock is owned by hedge funds and other institutional investors.

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.