Bel Fuse (NASDAQ:BELFB) Releases Earnings Results

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

Bel Fuse Trading Down 0.3 %

Shares of Bel Fuse stock opened at $82.11 on Wednesday. Bel Fuse has a 1 year low of $45.74 and a 1 year high of $92.61. The firm has a market cap of $1.03 billion, a PE ratio of 18.83, a P/E/G ratio of 0.97 and a beta of 1.28. The stock has a fifty day moving average price of $81.87 and a 200-day moving average price of $76.96. The company has a debt-to-equity ratio of 0.16, a current ratio of 4.00 and a quick ratio of 2.71.

Insider Activity

In related news, VP Joseph Francis Berry sold 1,000 shares of Bel Fuse 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 completion of the sale, the vice president now owns 8,023 shares of the company’s stock, valued at approximately $644,246.90. This trade represents a 11.08 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Stephen Dawson sold 1,500 shares of Bel Fuse stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $77.65, for a total value of $116,475.00. Following the completion of the sale, the insider now directly owns 14,832 shares of the company’s stock, valued at approximately $1,151,704.80. This trade represents a 9.18 % decrease in their position. The disclosure for this sale can be found here. Insiders own 5.37% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on BELFB. Needham & Company LLC increased 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. Oppenheimer began coverage on Bel Fuse in a report on Tuesday, December 17th. They issued an “outperform” rating and a $105.00 target price on the stock. Finally, StockNews.com cut Bel Fuse from a “strong-buy” rating to a “buy” rating in a report on Wednesday, January 29th. Four investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Bel Fuse has a consensus rating of “Buy” and a consensus target price of $98.33.

About Bel Fuse

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.