Bel Fuse (BELFB) to Release Quarterly Earnings on Wednesday

Bel Fuse (NASDAQ:BELFB) is scheduled to issue its quarterly earnings data after the market closes on Wednesday, July 24th. Analysts expect the company to announce earnings of $0.92 per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Bel Fuse (NASDAQ:BELFB) last announced its quarterly earnings results on Thursday, April 25th. The electronics maker reported $1.26 EPS for the quarter, beating analysts’ consensus estimates of $1.04 by $0.22. Bel Fuse had a return on equity of 23.58% and a net margin of 12.62%. The company had revenue of $128.09 million during the quarter, compared to analyst estimates of $128.47 million. On average, analysts expect Bel Fuse to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Bel Fuse Price Performance

Shares of Bel Fuse stock opened at $68.83 on Tuesday. The stock has a 50 day moving average of $66.41 and a 200 day moving average of $63.07. Bel Fuse has a 12 month low of $39.13 and a 12 month high of $74.75. The firm has a market cap of $868.63 million, a PE ratio of 11.59 and a beta of 1.41. The company has a current ratio of 4.21, a quick ratio of 2.70 and a debt-to-equity ratio of 0.17.

Bel Fuse Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 1st. Investors of record on Monday, July 15th will be paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 0.41%. The ex-dividend date is Monday, July 15th. Bel Fuse’s payout ratio is presently 4.71%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on BELFB shares. Needham & Company LLC lowered their price objective on Bel Fuse from $70.00 to $68.00 and set a “buy” rating for the company in a research note on Monday, April 29th. Northland Securities lowered Bel Fuse from an “outperform” rating to a “market perform” rating and set a $63.00 price objective for the company. in a research note on Thursday, May 2nd. Finally, StockNews.com raised Bel Fuse from a “hold” rating to a “buy” rating in a research note on Tuesday, July 9th.

About Bel Fuse

Bel Fuse Inc designs, manufactures, markets, and sells products that are used in the networking, telecommunications, computing, general industrial, high-speed data transmission, military, commercial aerospace, transportation, and e-Mobility industries in the United States, the People's Republic of China, Macao, the United Kingdom, Slovakia, Germany, India, Switzerland, and internationally.