Bel Fuse (BELFA) Expected to Announce Earnings on Wednesday

Bel Fuse (NASDAQ:BELFA) is expected to be announcing its results after the market closes on Wednesday, October 28th. Analysts expect Bel Fuse to post earnings of $2.71 per share and revenue of $215.20 million for the quarter.

Bel Fuse (NASDAQ:BELFA) last announced its quarterly earnings results on Wednesday, July 29th. The scientific and technical instruments company reported $2.76 EPS for the quarter, beating analysts’ consensus estimates of $2.34 by $0.42. The firm had revenue of $210.69 million during the quarter, compared to analysts’ expectations of $206.39 million. Bel Fuse had a net margin of 7.21% and a return on equity of 20.55%.

Bel Fuse Price Performance

Bel Fuse stock opened at $160.80 on Monday. The firm has a market capitalization of $2.32 billion, a PE ratio of 41.13 and a beta of 1.37. The company’s 50-day moving average is $199.09 and its 200-day moving average is $225.79. Bel Fuse has a fifty-two week low of $114.02 and a fifty-two week high of $293.51.

Bel Fuse Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Thursday, October 15th will be paid a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.1%. The ex-dividend date is Thursday, October 15th. Bel Fuse’s dividend payout ratio (DPR) is 6.14%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Weiss Ratings downgraded Bel Fuse from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, August 26th. Citigroup assumed coverage on Bel Fuse in a research note on Monday, July 13th. They issued a “buy” rating on the stock. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $250.00.

Insider Buying and Selling at Bel Fuse

In other Bel Fuse news, Director Vincent Vellucci sold 393 shares of Bel Fuse stock in a transaction on Wednesday, September 2nd. The shares were sold at an average price of $243.61, for a total transaction of $95,738.73. Following the completion of the transaction, the director directly owned 8,434 shares of the company’s stock, valued at $2,054,606.74. The trade was a 4.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Peter E. Gilbert sold 500 shares of Bel Fuse stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $292.12, for a total transaction of $146,060.00. Following the transaction, the director directly owned 750 shares of the company’s stock, valued at approximately $219,090. This trade represents a 40.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 4.75% of the company’s stock.

About Bel Fuse

Bel Fuse Inc designs, manufactures and markets products that support power management, circuit protection, connectivity and signal transmission. Its portfolio includes fuses and other circuit-protection devices, power supplies, DC-DC converters, magnetics, connectors, cable assemblies and discrete components used in electronic systems.

The company serves a range of markets, including networking and telecommunications, data centers, consumer electronics, automotive, medical, industrial, aerospace and defense applications.