Bel Fuse (NASDAQ:BELFB) Issues Earnings Results

Bel Fuse (NASDAQ:BELFB) posted its earnings results on Tuesday. The electronics maker reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of $0.96 by ($1.10), Zacks reports. The company had revenue of $149.86 million for the quarter, compared to analysts’ expectations of $126.41 million. Bel Fuse had a net margin of 10.44% and a return on equity of 17.97%. During the same period in the previous year, the firm earned $1.29 EPS.

Bel Fuse Stock Performance

NASDAQ:BELFB opened at $82.11 on Wednesday. The business has a 50 day moving average of $81.87 and a 200 day moving average of $76.96. The company has a market capitalization of $1.03 billion, a price-to-earnings ratio of 18.83, a PEG ratio of 0.97 and a beta of 1.28. Bel Fuse has a 1-year low of $45.74 and a 1-year high of $92.61. The company has a debt-to-equity ratio of 0.16, a current ratio of 4.00 and a quick ratio of 2.71.

Insider Buying and Selling

In other Bel Fuse news, insider Stephen Dawson sold 1,500 shares of Bel Fuse stock in a transaction that occurred 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 transaction, the insider now directly owns 14,832 shares of the company’s stock, valued at $1,151,704.80. The trade was a 9.18 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Joseph Francis Berry sold 1,000 shares of Bel Fuse stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $80.30, for a total value of $80,300.00. Following the completion of the transaction, the vice president now directly owns 8,023 shares in the company, valued at $644,246.90. This trade represents a 11.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.37% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

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

Bel Fuse Company Profile

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.