Bel Fuse (NASDAQ:BELFB) Issues Quarterly Earnings Results

Bel Fuse (NASDAQ:BELFB - Get Free Report) issued its quarterly earnings results on Tuesday. The electronics maker reported ($0.14) EPS for the quarter, missing analysts' consensus estimates of $0.96 by ($1.10), Zacks reports. Bel Fuse had a return on equity of 12.37% and a net margin of 7.66%. The business had revenue of $149.86 million for the quarter, compared to the consensus estimate of $126.41 million. During the same quarter last year, the business posted $1.29 earnings per share.

Bel Fuse Stock Performance

Shares of NASDAQ BELFB traded up $1.56 during mid-day trading on Friday, hitting $86.07. The company had a trading volume of 126,447 shares, compared to its average volume of 87,207. The company has a market capitalization of $1.08 billion, a price-to-earnings ratio of 26.32, a P/E/G ratio of 0.96 and a beta of 1.28. Bel Fuse has a 1 year low of $45.74 and a 1 year high of $92.61. The company has a current ratio of 2.92, a quick ratio of 2.71 and a debt-to-equity ratio of 0.80. The stock's 50-day moving average price is $81.81 and its 200-day moving average price is $77.17.

Bel Fuse Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Tuesday, April 15th will be given a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 0.33%. The ex-dividend date is Tuesday, April 15th. Bel Fuse's dividend payout ratio (DPR) is presently 8.56%.

Analysts Set New Price Targets

BELFB has been the subject of a number of recent research reports. StockNews.com downgraded Bel Fuse from a "buy" rating to a "hold" rating in a research report on Thursday. Needham & Company LLC raised their target price on Bel Fuse from $95.00 to $100.00 and gave the stock a "buy" rating in a research report on Thursday. Finally, Oppenheimer initiated coverage on Bel Fuse in a research report on Tuesday, December 17th. They issued an "outperform" rating and a $105.00 target price for the company. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $100.00.

Insider Activity

In related news, VP Joseph Francis Berry sold 1,000 shares of the business's stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $80.30, for a total transaction of $80,300.00. Following the completion of the transaction, the vice president now directly owns 8,023 shares in the company, valued at $644,246.90. The trade was a 11.08 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 5.37% of the stock is owned by company insiders.

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.