Bel Fuse (NASDAQ:BELFB) Issues Quarterly Earnings Results, Misses Estimates By $0.29 EPS


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Bel Fuse (NASDAQ:BELFB) released its quarterly earnings results on Sunday. The electronics maker reported ($0.23) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by ($0.29), MarketWatch Earnings reports. Bel Fuse had a return on equity of 3.41% and a net margin of 0.62%.

NASDAQ:BELFB traded down $0.76 during trading hours on Tuesday, reaching $17.19. The company’s stock had a trading volume of 108,896 shares, compared to its average volume of 67,726. The company has a market capitalization of $212.30 million, a P/E ratio of 74.79 and a beta of 1.49. Bel Fuse has a 12 month low of $7.65 and a 12 month high of $23.00. The company has a debt-to-equity ratio of 0.68, a quick ratio of 2.02 and a current ratio of 3.17. The stock has a 50 day moving average price of $19.24 and a two-hundred day moving average price of $16.34.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 30th. Investors of record on Thursday, April 15th were paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date of this dividend was Wednesday, April 14th.

Several research analysts recently commented on BELFB shares. Needham & Company LLC lifted their price target on Bel Fuse from $19.00 to $20.00 and gave the stock a “buy” rating in a research report on Tuesday. TheStreet upgraded Bel Fuse from a “d+” rating to a “c” rating in a research report on Thursday, February 18th.

Bel Fuse Company Profile

Bel Fuse Inc designs, manufactures, markets, and sells products that are used in the networking, telecommunication, high-speed data transmission, commercial aerospace, military, broadcasting, transportation, and consumer electronic industries in the United States, Macao, the United Kingdom, Slovakia, Germany, Switzerland, and internationally.

Further Reading: Shanghai Stock Exchange Composite Index

Earnings History for Bel Fuse (NASDAQ:BELFB)

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