Bel Fuse (NASDAQ:BELFB – Get Free Report) issued its quarterly earnings data on Wednesday. The electronics maker reported $1.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.92 by $0.58, Zacks reports. Bel Fuse had a net margin of 11.81% and a return on equity of 21.28%. The business had revenue of $133.21 million for the quarter, compared to the consensus estimate of $130.27 million. During the same period in the previous year, the firm earned $1.95 EPS.
Bel Fuse Price Performance
Shares of BELFB stock traded up $1.10 on Friday, reaching $74.04. The company’s stock had a trading volume of 13,432 shares, compared to its average volume of 104,346. Bel Fuse has a 1 year low of $39.13 and a 1 year high of $74.75. The company has a market capitalization of $934.38 million, a price-to-earnings ratio of 12.28 and a beta of 1.41. The stock’s fifty day simple moving average is $66.67 and its 200-day simple moving average is $63.22. The company has a current ratio of 4.21, a quick ratio of 2.70 and a debt-to-equity ratio of 0.17.
Wall Street Analysts Forecast Growth
Several analysts recently commented on the stock. StockNews.com downgraded shares of Bel Fuse from a “buy” rating to a “hold” rating in a research report on Wednesday. Needham & Company LLC upped their target price on shares of Bel Fuse from $68.00 to $79.00 and gave the company a “buy” rating in a research note on Friday. Finally, Northland Securities cut shares of Bel Fuse from an “outperform” rating to a “market perform” rating and set a $63.00 target price on the stock. in a research note on Thursday, May 2nd.
About Bel Fuse
Bel Fuse Inc designs, manufactures, markets, and sells products that are used in the networking, telecommunications, computing, general industrial, high-speed data transmission, military, commercial aerospace, transportation, and e-Mobility industries in the United States, the People's Republic of China, Macao, the United Kingdom, Slovakia, Germany, India, Switzerland, and internationally.
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