Bel Fuse (BELFB) to Release Quarterly Earnings on Tuesday

Bel Fuse (NASDAQ:BELFB) is expected to be posting its quarterly earnings data after the market closes on Tuesday, February 18th. Analysts expect Bel Fuse to post earnings of $0.96 per share and revenue of $126.41 million for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Bel Fuse Stock Performance

BELFB opened at $82.32 on Tuesday. The company has a current ratio of 4.00, a quick ratio of 2.71 and a debt-to-equity ratio of 0.16. The business’s 50 day moving average is $82.10 and its 200-day moving average is $76.57. The stock has a market cap of $1.03 billion, a PE ratio of 18.88, a price-to-earnings-growth ratio of 0.96 and a beta of 1.28. Bel Fuse has a twelve month low of $45.74 and a twelve month high of $92.61.

Analyst Ratings Changes

A number of research analysts have issued reports on BELFB shares. Needham & Company LLC boosted their price target on Bel Fuse from $79.00 to $95.00 and gave the stock a “buy” rating in a research report on Monday, November 18th. StockNews.com downgraded shares of Bel Fuse from a “strong-buy” rating to a “buy” rating in a report on Wednesday, January 29th. Finally, Oppenheimer started coverage on shares of Bel Fuse in a research note on Tuesday, December 17th. They set an “outperform” rating and a $105.00 target price on the stock. Four equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Bel Fuse has a consensus rating of “Buy” and an average price target of $98.33.

Insider Activity

In other news, VP Joseph Francis Berry sold 1,000 shares of the stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $80.30, for a total transaction of $80,300.00. Following the completion of the sale, the vice president now owns 8,023 shares in the company, valued at approximately $644,246.90. This represents a 11.08 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Stephen Dawson sold 1,500 shares of Bel Fuse stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $77.65, for a total value of $116,475.00. Following the completion of the transaction, the insider now owns 14,832 shares in the company, valued at $1,151,704.80. The trade was a 9.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.37% of the stock is owned by insiders.

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.