Bel Fuse (BELFB) to Release Earnings on Tuesday

Bel Fuse (NASDAQ:BELFB - Get Free Report) is expected to be announcing its earnings results after the market closes on Tuesday, February 18th. Analysts expect the company to announce earnings of $0.96 per share and revenue of $126.41 million for the quarter. Investors interested in participating in the company's conference call can do so using this link.

Bel Fuse Price Performance

BELFB traded down $0.61 on Friday, hitting $82.32. 66,087 shares of the stock were exchanged, compared to its average volume of 80,233. Bel Fuse has a 12 month low of $45.74 and a 12 month high of $92.61. The business has a 50-day moving average of $81.91 and a two-hundred day moving average of $76.81. The company has a debt-to-equity ratio of 0.16, a current ratio of 4.00 and a quick ratio of 2.71. The firm has a market capitalization of $1.03 billion, a price-to-earnings ratio of 18.88, a PEG ratio of 0.96 and a beta of 1.28.

Insiders Place Their Bets

In other news, insider Stephen Dawson sold 1,500 shares of the company's stock in a transaction that occurred on 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 transaction, the insider now owns 14,832 shares of the company's stock, valued at $1,151,704.80. This represents a 9.18 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Joseph Francis Berry sold 1,000 shares of the company's stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $80.30, for a total value of $80,300.00. Following the completion of the transaction, the vice president now directly owns 8,023 shares of the company's stock, valued at $644,246.90. This represents a 11.08 % decrease in their position. The disclosure for this sale can be found here. Insiders own 5.37% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on BELFB shares. StockNews.com cut shares of Bel Fuse from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, January 29th. 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 research note on Monday, November 18th. Finally, Oppenheimer assumed coverage on Bel Fuse in a research note on Tuesday, December 17th. They set an "outperform" rating and a $105.00 target price for the company. Four analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and an average 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.