Bel Fuse (BELFB) to Release Earnings on Thursday

Bel Fuse (NASDAQ:BELFB) will likely be posting its quarterly earnings results after the market closes on Thursday, April 24th. Analysts expect Bel Fuse to post earnings of $0.85 per share and revenue of $147.93 million for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Bel Fuse (NASDAQ:BELFB) last announced its quarterly earnings results on Tuesday, February 18th. The electronics maker reported ($0.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.96 by ($1.10). The company had revenue of $149.86 million during the quarter, compared to analysts’ expectations of $126.41 million. Bel Fuse had a net margin of 7.66% and a return on equity of 12.37%. During the same quarter in the prior year, the business posted $1.29 earnings per share. On average, analysts expect Bel Fuse to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Bel Fuse Stock Down 0.4 %

Bel Fuse stock opened at $69.05 on Thursday. The stock has a market capitalization of $865.82 million, a price-to-earnings ratio of 21.12, a PEG ratio of 1.24 and a beta of 1.12. Bel Fuse has a 1-year low of $53.74 and a 1-year high of $92.61. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.92 and a quick ratio of 1.66. The business has a fifty day moving average price of $76.30 and a 200-day moving average price of $79.23.

Bel Fuse Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Tuesday, April 15th will be issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 0.41%. The ex-dividend date of this dividend is Tuesday, April 15th. Bel Fuse’s payout ratio is presently 8.56%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on BELFB shares. StockNews.com cut shares of Bel Fuse from a “buy” rating to a “hold” rating in a research note on Thursday, February 20th. Needham & Company LLC upped their price objective on shares of Bel Fuse from $95.00 to $100.00 and gave the stock a “buy” rating in a research report on Thursday, February 20th. Finally, Craig Hallum started coverage on Bel Fuse in a research report on Tuesday, March 25th. They set a “buy” rating and a $115.00 target price on the stock. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Bel Fuse currently has a consensus rating of “Buy” and a consensus price target of $103.75.

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.