Bel Fuse (BELFB) Expected to Post Earnings on Wednesday

Bel Fuse (NASDAQ:BELFB) is expected to be releasing its results after the market closes on Wednesday, October 28th. Analysts expect the company to announce earnings of $2.72 per share and revenue of $215.74 million for the quarter.

Bel Fuse Stock Down 1.5%

NASDAQ:BELFB opened at $212.40 on Wednesday. The business’s 50-day moving average price is $248.25 and its two-hundred day moving average price is $263.37. Bel Fuse has a twelve month low of $129.94 and a twelve month high of $335.29. The stock has a market cap of $3.07 billion, a P/E ratio of 52.07, a PEG ratio of 2.31 and a beta of 1.67.

Bel Fuse Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Thursday, October 15th will be issued a dividend of $0.07 per share. The ex-dividend date of this dividend is Thursday, October 15th. This represents a $0.28 annualized dividend and a dividend yield of 0.1%. Bel Fuse’s payout ratio is presently 6.76%.

Analysts Set New Price Targets

Several research firms recently weighed in on BELFB. Weiss Ratings upgraded shares of Bel Fuse from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, October 13th. JPMorgan Chase & Co. lowered their target price on shares of Bel Fuse from $380.00 to $330.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 13th. Bank of America started coverage on shares of Bel Fuse in a research report on Tuesday, July 14th. They set a “buy” rating and a $330.00 target price for the company. Wall Street Zen raised shares of Bel Fuse from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Finally, Zacks Research raised shares of Bel Fuse from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 14th. Six investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $315.67.

Insider Activity at Bel Fuse

In other Bel Fuse news, Director Peter E. Gilbert sold 500 shares of the business’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 value of $146,060.00. Following the completion of the sale, the director owned 750 shares in the company, valued at approximately $219,090. The trade was a 40.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Vincent Vellucci sold 1,000 shares of the stock in a transaction on Monday, September 14th. The shares were sold at an average price of $235.15, for a total transaction of $235,150.00. Following the sale, the director directly owned 7,434 shares of the company’s stock, valued at $1,748,105.10. The trade was a 11.86% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 1,893 shares of company stock valued at $476,949 in the last quarter. Corporate insiders own 5.37% of the company’s stock.

About Bel Fuse

Bel Fuse Inc is a designer, manufacturer and supplier of products that power, protect and connect electronic circuits. The company’s portfolio includes circuit protection devices, magnetic components, interconnect products, power supplies, power conversion solutions and discrete components used in electronic equipment and systems.

Bel Fuse serves customers in industries including telecommunications, networking, computing, industrial equipment, consumer electronics, automotive, medical technology, aerospace and defense.