Bel Fuse (BELFA) to Release Quarterly Earnings on Wednesday

Bel Fuse (NASDAQ:BELFA) will likely be issuing its results after the market closes on Wednesday, April 29th. Analysts expect the company to announce earnings of $1.62 per share and revenue of $171.7370 million for the quarter.

Bel Fuse (NASDAQ:BELFA) last posted its quarterly earnings results on Tuesday, February 17th. The scientific and technical instruments company reported $1.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.78. The firm had revenue of $175.94 million for the quarter, compared to analysts’ expectations of $172.01 million. Bel Fuse had a net margin of 9.11% and a return on equity of 21.78%.

Bel Fuse Stock Down 9.1%

Shares of NASDAQ:BELFA opened at $229.82 on Tuesday. The stock has a market capitalization of $2.91 billion, a price-to-earnings ratio of 49.42 and a beta of 1.25. Bel Fuse has a 1-year low of $60.97 and a 1-year high of $255.04. The company’s fifty day moving average is $205.26 and its two-hundred day moving average is $172.29. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.71 and a current ratio of 3.02.

Bel Fuse Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 1st. Shareholders of record on Wednesday, April 15th will be issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend is Wednesday, April 15th. Bel Fuse’s dividend payout ratio is 5.16%.

Insider Activity

In related news, Director Peter E. Gilbert sold 4,500 shares of the stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $238.75, for a total value of $1,074,375.00. Following the sale, the director owned 15,047 shares of the company’s stock, valued at $3,592,471.25. This trade represents a 23.02% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Farouq Salem Ali Tuweiq sold 33,967 shares of the stock in a transaction dated Wednesday, February 25th. The stock was sold at an average price of $234.00, for a total transaction of $7,948,278.00. Additional details regarding this sale are available in the official SEC disclosure. 4.75% of the stock is currently owned by corporate insiders.

Institutional Trading of Bel Fuse

A number of large investors have recently modified their holdings of BELFA. BNP Paribas Financial Markets increased its holdings in shares of Bel Fuse by 92.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 319 shares of the scientific and technical instruments company’s stock worth $37,000 after acquiring an additional 153 shares during the period. Sunbelt Securities Inc. acquired a new stake in shares of Bel Fuse in the 4th quarter worth about $61,000. Tower Research Capital LLC TRC increased its holdings in shares of Bel Fuse by 447.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 744 shares of the scientific and technical instruments company’s stock worth $67,000 after acquiring an additional 608 shares during the period. Deutsche Bank AG acquired a new stake in shares of Bel Fuse in the 4th quarter worth about $111,000. Finally, Rhumbline Advisers increased its holdings in shares of Bel Fuse by 41.5% in the 1st quarter. Rhumbline Advisers now owns 2,613 shares of the scientific and technical instruments company’s stock worth $188,000 after acquiring an additional 767 shares during the period. Institutional investors and hedge funds own 6.01% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Robert W. Baird set a $250.00 target price on shares of Bel Fuse in a report on Thursday, February 19th. Weiss Ratings lowered Bel Fuse from a “buy (b-)” rating to a “hold (c)” rating in a report on Thursday, February 26th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $250.00.

About Bel Fuse

Bel Fuse Inc, incorporated in 1949 and headquartered in Jersey City, New Jersey, designs and manufactures a broad range of electronic components aimed at ensuring reliable power delivery, circuit protection and signal connectivity. The company operates through two primary segments—Power Solutions Group and Telecom Products Group—serving original equipment manufacturers in multiple end markets, including telecommunications, data communications, consumer electronics, industrial and transportation.

Within its Power Solutions Group, Bel Fuse offers magnetic components such as power and signal transformers, inductors and coils, as well as circuit protection devices including fuses and resettable polyfuses.