Q3 2024 Earnings Forecast for Bel Fuse Inc. Issued By Northland Capmk (NASDAQ:BELFB)

Bel Fuse Inc. (NASDAQ:BELFB) – Stock analysts at Northland Capmk cut their Q3 2024 earnings estimates for shares of Bel Fuse in a research note issued to investors on Thursday, May 2nd. Northland Capmk analyst B. Brooks now anticipates that the electronics maker will post earnings of $1.15 per share for the quarter, down from their previous estimate of $1.24. The consensus estimate for Bel Fuse’s current full-year earnings is $4.39 per share. Northland Capmk also issued estimates for Bel Fuse’s Q1 2025 earnings at $1.12 EPS, Q2 2025 earnings at $1.30 EPS, Q3 2025 earnings at $1.44 EPS and FY2025 earnings at $5.24 EPS.

Several other research firms have also weighed in on BELFB. Northland Securities lowered Bel Fuse from an “outperform” rating to a “market perform” rating and set a $63.00 target price on the stock. in a report on Thursday. Needham & Company LLC reduced their price target on shares of Bel Fuse from $70.00 to $68.00 and set a “buy” rating on the stock in a report on Monday, April 29th. Finally, StockNews.com lowered shares of Bel Fuse from a “buy” rating to a “hold” rating in a research report on Saturday.

Bel Fuse Stock Down 0.9 %

BELFB stock opened at $58.04 on Friday. The company has a current ratio of 4.21, a quick ratio of 2.70 and a debt-to-equity ratio of 0.17. The company’s 50-day moving average price is $57.67 and its 200 day moving average price is $59.00. Bel Fuse has a 52 week low of $39.13 and a 52 week high of $74.75. The company has a market cap of $740.59 million, a P/E ratio of 9.77 and a beta of 1.46.

Bel Fuse (NASDAQ:BELFB) last announced its quarterly earnings data on Wednesday, February 21st. The electronics maker reported $1.37 earnings per share for the quarter, missing analysts’ consensus estimates of $1.44 by ($0.07). The business had revenue of $140.01 million for the quarter, compared to analyst estimates of $152.86 million. Bel Fuse had a return on equity of 23.58% and a net margin of 12.62%.

Bel Fuse Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 1st. Investors of record on Monday, July 15th will be given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 0.48%. The ex-dividend date is Friday, July 12th. Bel Fuse’s dividend payout ratio (DPR) is 4.71%.

Insider Buying and Selling

In other news, Director Vincent Vellucci sold 1,000 shares of the company’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $56.70, for a total transaction of $56,700.00. Following the completion of the sale, the director now directly owns 7,392 shares in the company, valued at approximately $419,126.40. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 5.37% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Bel Fuse

Several large investors have recently made changes to their positions in the business. International Assets Investment Management LLC purchased a new stake in shares of Bel Fuse in the fourth quarter worth about $6,041,000. Swiss National Bank purchased a new position in Bel Fuse in the 3rd quarter worth approximately $1,117,000. Toronto Dominion Bank acquired a new stake in Bel Fuse in the third quarter valued at approximately $48,000. Gotham Asset Management LLC purchased a new stake in shares of Bel Fuse during the third quarter valued at approximately $412,000. Finally, Strs Ohio lifted its position in shares of Bel Fuse by 757.1% during the third quarter. Strs Ohio now owns 6,000 shares of the electronics maker’s stock worth $286,000 after purchasing an additional 5,300 shares in the last quarter. Institutional investors and hedge funds own 58.39% of the company’s stock.

Bel Fuse Company Profile

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.