Bel Fuse (BELFB) Set to Announce Earnings on Wednesday

Bel Fuse (NASDAQ:BELFB) is scheduled to 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 interested in listening to the company’s earnings conference call can do so using this link.

Bel Fuse (NASDAQ:BELFB) last released its quarterly earnings data on Wednesday, July 24th. The electronics maker reported $1.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.58. Bel Fuse had a net margin of 11.81% and a return on equity of 20.97%. The company had revenue of $133.21 million during the quarter, compared to analyst estimates 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 Performance

Shares of BELFB stock opened at $83.56 on Monday. The company has a current ratio of 4.19, a quick ratio of 2.76 and a debt-to-equity ratio of 0.17. The company has a market cap of $1.05 billion, a PE ratio of 14.07 and a beta of 1.34. The company’s fifty day simple moving average is $72.36 and its 200-day simple moving average is $67.25. Bel Fuse has a 52 week low of $39.13 and a 52 week high of $85.91.

Bel Fuse Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Tuesday, October 15th will be given a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 0.34%. The ex-dividend date is Tuesday, October 15th. Bel Fuse’s dividend payout ratio (DPR) is presently 4.71%.

Wall Street Analysts Forecast Growth

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

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.