Bel Fuse (NASDAQ:BELFB) Releases Quarterly 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 (EPS) for the quarter, missing the consensus estimate of $0.96 by ($1.10), Zacks reports. Bel Fuse had a return on equity of 17.97% and a net margin of 10.44%. The firm had revenue of $149.86 million for the quarter, compared to analysts’ expectations of $126.41 million. During the same period last year, the firm posted $1.29 earnings per share.

Bel Fuse Price Performance

Shares of NASDAQ:BELFB opened at $81.53 on Thursday. The company has a 50-day simple moving average of $81.79 and a 200-day simple moving average of $77.12. Bel Fuse has a one year low of $45.74 and a one year high of $92.61. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.71 and a current ratio of 4.00. The stock has a market capitalization of $1.02 billion, a price-to-earnings ratio of 18.70, a PEG ratio of 0.97 and a beta of 1.28.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. StockNews.com cut shares of Bel Fuse from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, January 29th. Oppenheimer assumed coverage on shares of Bel Fuse in a research report on Tuesday, December 17th. They issued an “outperform” rating and a $105.00 price target for the company. Finally, Needham & Company LLC boosted their price target on shares of Bel Fuse from $79.00 to $95.00 and gave the company a “buy” rating in a research report on Monday, November 18th. Four equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $98.33.

Insider Activity

In other news, VP Joseph Francis Berry sold 1,000 shares of the business’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $80.30, for a total transaction of $80,300.00. Following the transaction, the vice president now directly owns 8,023 shares in the company, valued at $644,246.90. The trade was a 11.08 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 5.37% of the company’s stock.

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.