Bel Fuse (NASDAQ:BELFB) Posts Quarterly Earnings Results, Misses Estimates By $1.10 EPS

Bel Fuse (NASDAQ:BELFB) issued its earnings results on Tuesday. The electronics maker reported ($0.14) EPS for the quarter, missing the consensus estimate of $0.96 by ($1.10), Zacks reports. The business had revenue of $149.86 million for the quarter, compared to the consensus estimate of $126.41 million. Bel Fuse had a return on equity of 17.97% and a net margin of 10.44%. During the same quarter in the prior year, the firm posted $1.29 earnings per share.

Bel Fuse Trading Up 5.6 %

Shares of Bel Fuse stock traded up $4.56 on Wednesday, hitting $86.67. 21,285 shares of the company’s stock traded hands, compared to its average volume of 79,978. Bel Fuse has a one year low of $45.74 and a one year high of $92.61. 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 company has a fifty day moving average of $81.87 and a two-hundred day moving average of $76.96. The company has a market capitalization of $1.09 billion, a price-to-earnings ratio of 19.90, a price-to-earnings-growth ratio of 0.97 and a beta of 1.28.

Insiders Place Their Bets

In related news, VP Joseph Francis Berry sold 1,000 shares of the stock in a transaction that occurred on 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 sale, the vice president now directly owns 8,023 shares of the company’s stock, valued at approximately $644,246.90. This trade represents a 11.08 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Stephen Dawson sold 1,500 shares of the stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $77.65, for a total value of $116,475.00. Following the sale, the insider now directly owns 14,832 shares of the company’s stock, valued at $1,151,704.80. The trade was a 9.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 5.37% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on the company. StockNews.com cut Bel Fuse from a “strong-buy” rating to a “buy” rating in a report on Wednesday, January 29th. Needham & Company LLC upped their target price on Bel Fuse from $79.00 to $95.00 and gave the company a “buy” rating in a research report on Monday, November 18th. Finally, Oppenheimer started coverage on Bel Fuse in a research report on Tuesday, December 17th. They set an “outperform” rating and a $105.00 price objective for the company. Four research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Bel Fuse 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.