Bel Fuse (NASDAQ:BELFB – Get Free Report) posted its earnings results on Wednesday. The electronics maker reported $1.50 EPS for the quarter, topping the consensus estimate of $0.92 by $0.58, Zacks reports. The firm had revenue of $133.21 million for the quarter, compared to the consensus estimate of $130.27 million. Bel Fuse had a net margin of 12.62% and a return on equity of 23.58%. During the same period in the prior year, the business posted $1.95 earnings per share.
Bel Fuse Price Performance
Shares of NASDAQ:BELFB traded up $6.58 during trading on Thursday, reaching $72.94. The stock had a trading volume of 277,720 shares, compared to its average volume of 104,986. Bel Fuse has a 52 week low of $39.13 and a 52 week high of $74.75. The business’s 50-day moving average price is $66.54 and its 200 day moving average price is $63.15. The company has a debt-to-equity ratio of 0.17, a current ratio of 4.21 and a quick ratio of 2.70. The stock has a market capitalization of $920.50 million, a PE ratio of 12.00 and a beta of 1.41.
Wall Street Analysts Forecast Growth
Several brokerages have recently issued reports on BELFB. Northland Securities downgraded Bel Fuse from an “outperform” rating to a “market perform” rating and set a $63.00 price target on the stock. in a research report on Thursday, May 2nd. StockNews.com cut shares of Bel Fuse from a “buy” rating to a “hold” rating in a research note on Wednesday. Finally, Needham & Company LLC cut their price target on shares of Bel Fuse from $70.00 to $68.00 and set a “buy” rating for the company in a research note on Monday, April 29th.
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.
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