Bel Fuse (BELFA) Projected to Post Earnings on Wednesday

Bel Fuse (NASDAQ:BELFA) is expected to be issuing its results after the market closes on Wednesday, July 29th. Analysts expect Bel Fuse to announce earnings of $2.34 per share and revenue of $206.3920 million for the quarter.

Bel Fuse (NASDAQ:BELFA) last released its quarterly earnings data on Wednesday, April 29th. The scientific and technical instruments company reported $1.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.62 by $0.10. Bel Fuse had a net margin of 7.84% and a return on equity of 22.38%. The company had revenue of $178.49 million during the quarter, compared to the consensus estimate of $172.07 million.

Bel Fuse Stock Performance

NASDAQ BELFA opened at $236.96 on Wednesday. The company has a fifty day moving average of $245.74 and a two-hundred day moving average of $218.12. The company has a market capitalization of $3.01 billion, a PE ratio of 57.10 and a beta of 1.37. Bel Fuse has a 1 year low of $91.00 and a 1 year high of $293.51. The company has a debt-to-equity ratio of 0.47, a current ratio of 3.18 and a quick ratio of 1.73.

Bel Fuse Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Wednesday, July 15th will be issued a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend is Wednesday, July 15th. Bel Fuse’s payout ratio is presently 5.78%.

Analysts Set New Price Targets

A number of analysts recently issued reports on BELFA shares. Weiss Ratings raised Bel Fuse from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, May 6th. Citigroup initiated coverage on Bel Fuse in a research report on Monday, July 13th. They set a “buy” rating on the stock. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, Bel Fuse currently has a consensus rating of “Moderate Buy” and an average price target of $250.00.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in Bel Fuse by 13.9% in the third quarter. Vanguard Group Inc. now owns 52,614 shares of the scientific and technical instruments company’s stock valued at $6,122,000 after purchasing an additional 6,408 shares during the period. Hound Partners LLC purchased a new position in shares of Bel Fuse during the fourth quarter worth about $5,714,000. Geode Capital Management LLC grew its holdings in shares of Bel Fuse by 7.7% during the fourth quarter. Geode Capital Management LLC now owns 37,606 shares of the scientific and technical instruments company’s stock worth $5,709,000 after buying an additional 2,674 shares during the last quarter. State Street Corp increased its position in Bel Fuse by 1.8% in the 4th quarter. State Street Corp now owns 21,706 shares of the scientific and technical instruments company’s stock valued at $3,295,000 after acquiring an additional 378 shares during the period. Finally, Arrowstreet Capital Limited Partnership acquired a new position in Bel Fuse in the 3rd quarter valued at about $1,628,000. 6.01% of the stock is owned by hedge funds and other institutional investors.

Bel Fuse Company Profile

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.