Q4 Earnings Estimate for Bel Fuse Issued By Northland Capmk

Bel Fuse Inc. (NASDAQ:BELFB - Free Report) - Equities research analysts at Northland Capmk dropped their Q4 2024 earnings per share estimates for Bel Fuse in a research report issued on Monday, October 28th. Northland Capmk analyst B. Brooks now anticipates that the electronics maker will post earnings of $0.58 per share for the quarter, down from their prior forecast of $0.91. Northland Capmk currently has a "Strong-Buy" rating on the stock. The consensus estimate for Bel Fuse's current full-year earnings is $4.52 per share.

Several other research firms also recently commented on BELFB. Needham & Company LLC boosted their price objective on Bel Fuse from $68.00 to $79.00 and gave the company a "buy" rating in a report on Friday, July 26th. StockNews.com upgraded Bel Fuse from a "buy" rating to a "strong-buy" rating in a report on Friday, October 25th. Finally, Northland Securities boosted their price objective on Bel Fuse from $80.00 to $95.00 and gave the company an "outperform" rating in a report on Tuesday, October 1st.

Bel Fuse Trading Up 0.5 %

BELFB stock traded up $0.39 during mid-day trading on Wednesday, reaching $77.82. The company's stock had a trading volume of 7,929 shares, compared to its average volume of 92,501. The company has a market cap of $982.09 million, a price-to-earnings ratio of 13.04 and a beta of 1.34. The business's 50 day moving average price is $74.53 and its 200 day moving average price is $68.19. The company has a current ratio of 4.19, a quick ratio of 2.76 and a debt-to-equity ratio of 0.17. Bel Fuse has a 12 month low of $45.74 and a 12 month high of $85.91.

Institutional Investors Weigh In On Bel Fuse

Several institutional investors have recently bought and sold shares of the stock. Beach Investment Counsel Inc. PA purchased a new position in Bel Fuse in the second quarter worth $25,000. nVerses Capital LLC purchased a new position in shares of Bel Fuse during the 3rd quarter valued at $39,000. Comerica Bank lifted its position in shares of Bel Fuse by 223.7% during the 1st quarter. Comerica Bank now owns 738 shares of the electronics maker's stock valued at $45,000 after buying an additional 510 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of Bel Fuse during the 3rd quarter valued at $200,000. Finally, One Wealth Advisors LLC purchased a new position in shares of Bel Fuse during the 3rd quarter valued at $227,000. Institutional investors own 58.39% of the company's stock.

Bel Fuse Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 15th will be issued a dividend of $0.07 per share. The ex-dividend date is Wednesday, January 15th. This represents a $0.28 annualized dividend and a yield of 0.36%. Bel Fuse's dividend payout ratio (DPR) is currently 4.71%.

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.