Bel Fuse (NASDAQ:BELFB) Posts Quarterly Earnings Results, Beats Estimates By $0.58 EPS

Bel Fuse (NASDAQ:BELFB) announced its quarterly earnings data on Wednesday. The electronics maker reported $1.50 EPS for the quarter, beating analysts’ consensus estimates of $0.92 by $0.58, Zacks reports. Bel Fuse had a net margin of 12.62% and a return on equity of 23.58%. The firm had revenue of $133.21 million for the quarter, compared to the consensus estimate of $130.27 million. During the same period in the previous year, the firm posted $1.95 earnings per share.

Bel Fuse Stock Up 9.9 %

BELFB stock traded up $6.58 during trading hours on Thursday, hitting $72.94. The company’s stock had a trading volume of 277,720 shares, compared to its average volume of 104,986. The company has a quick ratio of 2.70, a current ratio of 4.21 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $920.50 million, a PE ratio of 12.00 and a beta of 1.41. Bel Fuse has a 12 month low of $39.13 and a 12 month high of $74.75. The stock has a 50 day moving average price of $66.54 and a two-hundred day moving average price of $63.15.

Wall Street Analysts Forecast Growth

BELFB has been the topic of a number of research analyst reports. StockNews.com downgraded shares of Bel Fuse from a “buy” rating to a “hold” rating in a research report on Wednesday. Needham & Company LLC lowered their price objective on shares of Bel Fuse from $70.00 to $68.00 and set a “buy” rating on the stock in a research report on Monday, April 29th. Finally, Northland Securities downgraded shares of Bel Fuse from an “outperform” rating to a “market perform” rating and set a $63.00 price objective on the stock. in a research report on Thursday, May 2nd.

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.