Bel Fuse (NASDAQ:BELFA) Releases Quarterly Earnings Results, Beats Estimates By $0.59 EPS

Bel Fuse (NASDAQ:BELFA) announced its quarterly earnings results on Wednesday. The scientific and technical instruments company reported $1.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.59, Zacks reports. Bel Fuse had a net margin of 12.62% and a return on equity of 24.29%. The company had revenue of $133.21 million during the quarter. Bel Fuse updated its Q3 2024 guidance to EPS.

Bel Fuse Stock Performance

Shares of BELFA traded up $7.49 during midday trading on Thursday, hitting $89.44. 18,125 shares of the stock traded hands, compared to its average volume of 12,163. Bel Fuse has a 1-year low of $38.82 and a 1-year high of $90.00. The firm has a market capitalization of $1.13 billion, a PE ratio of 15.56 and a beta of 1.36. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.70 and a current ratio of 4.21. The business’s 50 day moving average price is $81.17 and its two-hundred day moving average price is $73.11.

Bel Fuse Company Profile

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.