Bel Fuse (NASDAQ:BELFB – Get Free Report) released its quarterly earnings data on Wednesday. The electronics maker reported $1.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.92 by $0.58, Zacks reports. Bel Fuse had a return on equity of 23.58% and a net margin of 12.62%. The firm had revenue of $133.21 million during the quarter, compared to analysts’ expectations of $130.27 million. During the same quarter last year, the firm earned $1.95 earnings per share.
Bel Fuse Stock Performance
Bel Fuse stock traded up $6.58 during trading hours on Thursday, hitting $72.94. The stock had a trading volume of 277,720 shares, compared to its average volume of 104,986. The company has a 50-day moving average of $66.54 and a two-hundred day moving average of $63.15. The company has a quick ratio of 2.70, a current ratio of 4.21 and a debt-to-equity ratio of 0.17. The company has a market cap of $920.50 million, a PE ratio of 12.00 and a beta of 1.41. Bel Fuse has a fifty-two week low of $39.13 and a fifty-two week high of $74.75.
Wall Street Analyst Weigh In
Several research firms have weighed in on BELFB. Needham & Company LLC cut their target price on Bel Fuse from $70.00 to $68.00 and set a “buy” rating on the stock in a report on Monday, April 29th. Northland Securities lowered Bel Fuse from an “outperform” rating to a “market perform” rating and set a $63.00 target price on the stock. in a report on Thursday, May 2nd. Finally, StockNews.com lowered Bel Fuse from a “buy” rating to a “hold” rating in a report on Wednesday.
About Bel Fuse
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.
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