Bel Fuse (BELFB) Scheduled to Post Quarterly Earnings on Wednesday

Bel Fuse (NASDAQ:BELFB) will post its quarterly earnings results after the market closes on Wednesday, October 23rd. Analysts expect Bel Fuse to post earnings of $0.85 per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Bel Fuse (NASDAQ:BELFB) last issued its earnings results on Wednesday, July 24th. The electronics maker reported $1.50 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.58. Bel Fuse had a return on equity of 20.97% and a net margin of 11.81%. The firm had revenue of $133.21 million for the quarter, compared to the consensus estimate of $130.27 million. During the same quarter in the prior year, the business earned $1.95 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 0.0 %

Shares of BELFB opened at $83.55 on Tuesday. Bel Fuse has a 52 week low of $39.13 and a 52 week high of $85.91. The company has a quick ratio of 2.76, a current ratio of 4.19 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $1.05 billion, a price-to-earnings ratio of 14.07 and a beta of 1.34. The stock’s 50-day moving average price is $72.79 and its 200-day moving average price is $67.41.

Bel Fuse Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Tuesday, October 15th will be issued a dividend of $0.07 per share. The ex-dividend date of this dividend is Tuesday, October 15th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.34%. Bel Fuse’s payout ratio is currently 4.71%.

Wall Street Analyst Weigh In

A number of brokerages have commented on BELFB. Needham & Company LLC increased their target price on Bel Fuse from $68.00 to $79.00 and gave the company a “buy” rating in a report on Friday, July 26th. Northland Capmk raised Bel Fuse from a “hold” rating to a “strong-buy” rating in a report on Thursday, September 5th. Northland Securities increased their price target on Bel Fuse from $80.00 to $95.00 and gave the company an “outperform” rating in a report on Tuesday, October 1st. Finally, StockNews.com raised Bel Fuse from a “hold” rating to a “buy” rating in a report on Thursday, August 1st.

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.