Bel Fuse (NASDAQ:BELFA) Issues Earnings Results, Beats Expectations By $0.59 EPS

Bel Fuse (NASDAQ:BELFA) released its earnings results on Wednesday. The scientific and technical instruments company reported $1.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.87 by $0.59, Zacks reports. Bel Fuse had a return on equity of 21.62% and a net margin of 11.81%. The business had revenue of $133.21 million for the quarter. Bel Fuse updated its Q3 2024 guidance to EPS.

Bel Fuse Stock Up 1.5 %

NASDAQ BELFA opened at $90.76 on Friday. The stock’s 50 day moving average is $81.42 and its two-hundred day moving average is $73.23. The company has a market capitalization of $1.15 billion, a price-to-earnings ratio of 16.12 and a beta of 1.36. The company has a current ratio of 4.19, a quick ratio of 2.70 and a debt-to-equity ratio of 0.17. Bel Fuse has a 1-year low of $38.82 and a 1-year high of $91.24.

About Bel Fuse

Bel Fuse Inc designs, manufactures, markets, and sells products that power, protect, and connect electronic circuits. The company's products are used in the networking, telecommunications, computing, general industrial, high-speed data transmission, military, commercial aerospace, transportation, and e-Mobility industries.