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

Bel Fuse (NASDAQ:BELFB) released its quarterly earnings data on Tuesday. The electronics maker reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of $0.96 by ($1.10), Zacks reports. The business had revenue of $149.86 million during the quarter, compared to analyst estimates 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 previous year, the company earned $1.29 EPS.

Bel Fuse Trading Up 5.5 %

Bel Fuse stock traded up $4.55 during midday trading on Wednesday, hitting $86.66. 27,275 shares of the stock were exchanged, compared to its average volume of 80,145. Bel Fuse has a fifty-two week low of $45.74 and a fifty-two week high of $92.61. The stock has a market capitalization of $1.09 billion, a price-to-earnings ratio of 19.92, a PEG ratio of 0.97 and a beta of 1.28. The stock’s 50-day simple moving average is $81.87 and its 200 day simple moving average is $76.96. The company has a current ratio of 4.00, a quick ratio of 2.71 and a debt-to-equity ratio of 0.16.

Analysts Set New Price Targets

BELFB has been the topic of a number of recent analyst reports. StockNews.com downgraded shares of Bel Fuse from a “strong-buy” rating to a “buy” rating in a report on Wednesday, January 29th. Needham & Company LLC increased their price target on shares of Bel Fuse from $79.00 to $95.00 and gave the stock a “buy” rating in a report on Monday, November 18th. Finally, Oppenheimer initiated coverage on shares of Bel Fuse in a report on Tuesday, December 17th. They set an “outperform” rating and a $105.00 price target on the stock. Four equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Bel Fuse has a consensus rating of “Buy” and an average target price of $98.33.

Insider Buying and Selling

In other news, VP Joseph Francis Berry sold 1,000 shares of Bel Fuse stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $80.30, for a total value 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. The trade was a 11.08 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Stephen Dawson sold 1,500 shares of Bel Fuse stock in a transaction 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 completion of 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. 5.37% of the stock is owned by company insiders.

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.