Bel Fuse (NASDAQ:BELFA) Releases Quarterly Earnings Results, Beats Estimates By $0.59 EPS

Bel Fuse (NASDAQ:BELFA) announced its quarterly earnings data on Wednesday. The scientific and technical instruments company reported $1.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.59, Zacks reports. Bel Fuse had a return on equity of 21.62% and a net margin of 11.81%. The firm had revenue of $133.21 million during the quarter. Bel Fuse updated its Q3 2024 guidance to EPS.

Bel Fuse Trading Up 1.5 %

Shares of NASDAQ:BELFA opened at $90.76 on Friday. Bel Fuse has a 52-week low of $38.82 and a 52-week high of $91.24. The stock has a market cap of $1.15 billion, a price-to-earnings ratio of 16.12 and a beta of 1.36. The company has a quick ratio of 2.70, a current ratio of 4.19 and a debt-to-equity ratio of 0.17. The business has a 50-day moving average price of $81.42 and a 200-day moving average price of $73.23.

About Bel Fuse

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.