Bel Fuse (BELFA) Projected to Post Earnings on Wednesday

Bel Fuse (NASDAQ:BELFA) is projected to release its results after the market closes on Wednesday, October 28th. Analysts expect Bel Fuse to post earnings of $2.71 per share and revenue of $215.20 million for the quarter.

Bel Fuse (NASDAQ:BELFA) last announced its quarterly earnings results on Wednesday, July 29th. The scientific and technical instruments company reported $2.76 EPS for the quarter, topping the consensus estimate of $2.34 by $0.42. Bel Fuse had a net margin of 7.21% and a return on equity of 20.55%. The firm had revenue of $210.69 million for the quarter, compared to analyst estimates of $206.39 million.

Bel Fuse Price Performance

Shares of BELFA opened at $166.51 on Tuesday. Bel Fuse has a 1-year low of $114.02 and a 1-year high of $293.51. The stock has a market cap of $2.40 billion, a PE ratio of 42.59 and a beta of 1.37. The firm has a fifty day moving average price of $198.37 and a 200 day moving average price of $215.29.

Insider Activity at Bel Fuse

In other news, Director Vincent Vellucci sold 393 shares of the stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of $243.61, for a total value of $95,738.73. Following the completion of the sale, the director directly owned 8,434 shares of the company’s stock, valued at approximately $2,054,606.74. This represents a 4.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Peter E. Gilbert sold 500 shares of the firm’s stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $292.12, for a total transaction of $146,060.00. Following the transaction, the director owned 750 shares in the company, valued at approximately $219,090. This trade represents a 40.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 4.75% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts have issued reports on BELFA shares. Citigroup assumed coverage on Bel Fuse in a report on Monday, July 13th. They set a “buy” rating on the stock. Weiss Ratings downgraded Bel Fuse from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, August 26th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $250.00.

About Bel Fuse

Bel Fuse Inc designs, manufactures and markets products that support power management, circuit protection, connectivity and signal transmission. Its portfolio includes fuses and other circuit-protection devices, power supplies, DC-DC converters, magnetics, connectors, cable assemblies and discrete components used in electronic systems.

The company serves a range of markets, including networking and telecommunications, data centers, consumer electronics, automotive, medical, industrial, aerospace and defense applications.