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

Bel Fuse (NASDAQ:BELFA) is expected to issue its results after the market closes on Wednesday, July 29th. Analysts expect Bel Fuse to announce earnings of $2.34 per share and revenue of $206.3920 million for the quarter.

Bel Fuse (NASDAQ:BELFA) last released its quarterly earnings results on Wednesday, April 29th. The scientific and technical instruments company reported $1.72 earnings per share for the quarter, topping the consensus estimate of $1.62 by $0.10. The business had revenue of $178.49 million during the quarter, compared to analysts’ expectations of $172.07 million. Bel Fuse had a return on equity of 22.38% and a net margin of 7.84%.

Bel Fuse Stock Performance

BELFA opened at $233.15 on Monday. The business has a fifty day simple moving average of $245.72 and a 200 day simple moving average of $219.90. The company has a market capitalization of $2.97 billion, a PE ratio of 56.18 and a beta of 1.37. Bel Fuse has a 1 year low of $94.15 and a 1 year high of $293.51. The company has a debt-to-equity ratio of 0.47, a current ratio of 3.18 and a quick ratio of 1.73.

Bel Fuse Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Wednesday, July 15th will be given a dividend of $0.06 per share. The ex-dividend date is Wednesday, July 15th. This represents a $0.24 annualized dividend and a yield of 0.1%. Bel Fuse’s dividend payout ratio (DPR) is presently 5.78%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on BELFA. Citigroup initiated coverage on Bel Fuse in a report on Monday, July 13th. They set a “buy” rating for the company. Weiss Ratings upgraded shares of Bel Fuse from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, May 6th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Bel Fuse presently has an average rating of “Moderate Buy” and an average price target of $250.00.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in BELFA. BNP Paribas Financial Markets lifted its stake in Bel Fuse by 92.2% during the third quarter. BNP Paribas Financial Markets now owns 319 shares of the scientific and technical instruments company’s stock worth $37,000 after purchasing an additional 153 shares during the last quarter. Sunbelt Securities Inc. bought a new position in shares of Bel Fuse in the 4th quarter valued at $61,000. Tower Research Capital LLC TRC raised its holdings in shares of Bel Fuse by 447.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 744 shares of the scientific and technical instruments company’s stock worth $67,000 after buying an additional 608 shares in the last quarter. Deutsche Bank AG acquired a new position in shares of Bel Fuse during the 4th quarter worth $111,000. Finally, Rhumbline Advisers raised its holdings in shares of Bel Fuse by 41.5% during the 1st quarter. Rhumbline Advisers now owns 2,613 shares of the scientific and technical instruments company’s stock worth $188,000 after buying an additional 767 shares in the last quarter. 6.01% of the stock is currently owned by institutional investors and hedge funds.

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.