Bel Fuse (BELFB) Expected to Announce Earnings on Thursday

Bel Fuse (NASDAQ:BELFB) will likely be releasing its earnings data 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 interested in listening to the company’s earnings conference call can do so using this link.

Bel Fuse (NASDAQ:BELFB) last released its quarterly earnings data on Tuesday, February 18th. The electronics maker reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of $0.96 by ($1.10). Bel Fuse had a return on equity of 12.37% and a net margin of 7.66%. The company had revenue of $149.86 million for the quarter, compared to analyst estimates of $126.41 million. During the same period last year, the firm posted $1.29 EPS. 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 %

Shares of BELFB opened at $69.05 on Thursday. Bel Fuse has a 52-week low of $53.74 and a 52-week high of $92.61. The company has a quick ratio of 1.66, a current ratio of 2.92 and a debt-to-equity ratio of 0.80. The stock has a fifty day simple moving average of $76.30 and a two-hundred day simple moving average of $79.23. The company has a market capitalization of $865.82 million, a PE ratio of 21.12, a price-to-earnings-growth ratio of 1.24 and a beta of 1.12.

Bel Fuse Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Tuesday, April 15th will be given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 0.41%. The ex-dividend date is Tuesday, April 15th. Bel Fuse’s payout ratio is currently 8.56%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Needham & Company LLC increased their price target on shares of Bel Fuse from $95.00 to $100.00 and gave the company a “buy” rating in a research note on Thursday, February 20th. StockNews.com cut Bel Fuse from a “buy” rating to a “hold” rating in a research note on Thursday, February 20th. Finally, Craig Hallum started coverage on Bel Fuse in a research note on Tuesday, March 25th. They issued a “buy” rating and a $115.00 price target on the stock. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of $103.75.

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.