Bel Fuse (BELFA) Expected to Announce Quarterly Earnings on Wednesday

Bel Fuse (NASDAQ:BELFA) is expected to be issuing its results after the market closes on Wednesday, April 29th. Analysts expect the company to announce earnings of $1.62 per share and revenue of $171.7370 million for the quarter.

Bel Fuse (NASDAQ:BELFA) last announced its earnings results on Tuesday, February 17th. The scientific and technical instruments company reported $1.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.78. The company had revenue of $175.94 million for the quarter, compared to analyst estimates of $172.01 million. Bel Fuse had a return on equity of 21.78% and a net margin of 9.11%.

Bel Fuse Price Performance

Bel Fuse stock opened at $252.89 on Monday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.71 and a current ratio of 3.02. The business’s 50-day simple moving average is $204.97 and its two-hundred day simple moving average is $171.48. The company has a market cap of $3.20 billion, a PE ratio of 54.38 and a beta of 1.25. Bel Fuse has a fifty-two week low of $59.91 and a fifty-two week high of $255.04.

Bel Fuse Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 1st. Shareholders of record on Wednesday, April 15th will be paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.1%. The ex-dividend date is Wednesday, April 15th. Bel Fuse’s payout ratio is presently 5.16%.

Insider Activity

In other Bel Fuse news, CEO Farouq Salem Ali Tuweiq sold 33,967 shares of the business’s stock in a transaction dated Wednesday, February 25th. The stock was sold at an average price of $234.00, for a total transaction of $7,948,278.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Peter E. Gilbert sold 4,500 shares of the company’s stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $238.75, for a total value of $1,074,375.00. Following the completion of the sale, the director owned 15,047 shares in the company, valued at $3,592,471.25. The trade was a 23.02% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 4.75% of the stock is currently owned by insiders.

Institutional Trading of Bel Fuse

A number of hedge funds have recently modified their holdings of BELFA. Hound Partners LLC purchased a new stake in shares of Bel Fuse in the fourth quarter worth about $5,714,000. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Bel Fuse in the third quarter worth about $1,628,000. Citadel Advisors LLC boosted its stake in shares of Bel Fuse by 434.9% in the third quarter. Citadel Advisors LLC now owns 13,336 shares of the scientific and technical instruments company’s stock worth $1,552,000 after buying an additional 10,843 shares during the last quarter. Millennium Management LLC boosted its stake in shares of Bel Fuse by 314.2% in the fourth quarter. Millennium Management LLC now owns 12,729 shares of the scientific and technical instruments company’s stock worth $1,932,000 after buying an additional 9,656 shares during the last quarter. Finally, Nitor Capital Management LLC purchased a new stake in shares of Bel Fuse in the fourth quarter worth about $1,063,000. Hedge funds and other institutional investors own 6.01% of the company’s stock.

Wall Street Analyst Weigh In

BELFA has been the topic of several research analyst reports. Weiss Ratings downgraded Bel Fuse from a “buy (b-)” rating to a “hold (c)” rating in a research note on Thursday, February 26th. Robert W. Baird set a $250.00 price target on Bel Fuse in a research note on Thursday, February 19th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $250.00.

Bel Fuse Company Profile

Bel Fuse Inc, incorporated in 1949 and headquartered in Jersey City, New Jersey, designs and manufactures a broad range of electronic components aimed at ensuring reliable power delivery, circuit protection and signal connectivity. The company operates through two primary segments—Power Solutions Group and Telecom Products Group—serving original equipment manufacturers in multiple end markets, including telecommunications, data communications, consumer electronics, industrial and transportation.

Within its Power Solutions Group, Bel Fuse offers magnetic components such as power and signal transformers, inductors and coils, as well as circuit protection devices including fuses and resettable polyfuses.