Bel Fuse (NASDAQ:BELFB) Announces Earnings Results, Misses Estimates By $0.45 EPS

Bel Fuse (NASDAQ:BELFB) released its quarterly earnings data on Wednesday. The electronics maker reported $1.89 earnings per share for the quarter, missing analysts’ consensus estimates of $2.34 by ($0.45), Zacks reports. Bel Fuse had a net margin of 7.84% and a return on equity of 12.97%.

Bel Fuse Price Performance

Shares of BELFB traded down $8.54 during midday trading on Wednesday, reaching $242.43. The stock had a trading volume of 417,687 shares, compared to its average volume of 238,396. The company has a current ratio of 3.18, a quick ratio of 1.73 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $3.08 billion, a price-to-earnings ratio of 55.22, a price-to-earnings-growth ratio of 2.80 and a beta of 1.68. The company’s 50-day moving average is $280.66 and its 200 day moving average is $245.49. Bel Fuse has a 12-month low of $123.14 and a 12-month high of $335.29.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Northland Securities set a $321.00 price objective on Bel Fuse in a research note on Monday, May 4th. Bank of America began coverage on shares of Bel Fuse in a report on Tuesday, July 14th. They issued a “buy” rating and a $330.00 price target on the stock. Needham & Company LLC raised their price objective on shares of Bel Fuse from $250.00 to $300.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. JPMorgan Chase & Co. began coverage on shares of Bel Fuse in a research report on Wednesday, June 10th. They issued an “overweight” rating and a $370.00 price objective for the company. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $315.00 price objective on shares of Bel Fuse in a research note on Friday, May 1st. Eight research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Bel Fuse has an average rating of “Moderate Buy” and an average price target of $321.50.

Institutional Trading of Bel Fuse

Hedge funds have recently bought and sold shares of the company. Kemnay Advisory Services Inc. purchased a new stake in Bel Fuse in the fourth quarter worth approximately $33,000. Erste Asset Management GmbH purchased a new position in shares of Bel Fuse during the fourth quarter worth approximately $83,000. NewEdge Advisors LLC purchased a new position in shares of Bel Fuse during the third quarter worth approximately $138,000. BNP Paribas Financial Markets lifted its holdings in shares of Bel Fuse by 60.0% in the 2nd quarter. BNP Paribas Financial Markets now owns 1,000 shares of the electronics maker’s stock worth $98,000 after acquiring an additional 375 shares during the last quarter. Finally, Tower Research Capital LLC TRC lifted its holdings in shares of Bel Fuse by 437.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,038 shares of the electronics maker’s stock worth $101,000 after acquiring an additional 845 shares during the last quarter. Institutional investors own 58.39% of the company’s stock.

Bel Fuse Company Profile

Bel Fuse Inc is a global manufacturer of electronic components that bridge power, data and video applications. The company offers a comprehensive portfolio of products, including board-level circuit protection devices such as fuses, positive temperature coefficient (PTC) resistors and inductors; power transformers, modules and supplies; as well as connectivity solutions encompassing USB, HDMI, RJ45, coaxial and fiber-optic connectors. These products serve a wide array of end markets, including telecommunications, data communications, consumer electronics, industrial automation, automotive and renewable energy.

Founded in 1949 and headquartered in Oradell, New Jersey, Bel Fuse has grown through organic expansion and strategic acquisitions.