Bel Fuse (NASDAQ:BELFB) Posts Quarterly Earnings Results, Misses Estimates By $0.29 EPS

Bel Fuse (NASDAQ:BELFB) issued its earnings results on Sunday. The electronics maker reported ($0.23) EPS for the quarter, missing the consensus estimate of $0.06 by ($0.29), MarketWatch Earnings reports. Bel Fuse had a net margin of 0.62% and a return on equity of 3.41%.

Bel Fuse stock opened at $17.95 on Tuesday. The company has a quick ratio of 2.02, a current ratio of 3.17 and a debt-to-equity ratio of 0.68. Bel Fuse has a 12-month low of $7.65 and a 12-month high of $23.00. The firm’s fifty day moving average is $19.24 and its 200 day moving average is $16.34. The company has a market capitalization of $221.68 million, a PE ratio of 74.79 and a beta of 1.49.

The business also recently announced a quarterly dividend, which was paid on Friday, April 30th. Investors of record on Thursday, April 15th were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Wednesday, April 14th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.56%.

BELFB has been the topic of several research reports. Needham & Company LLC lifted their price target on shares of Bel Fuse from $19.00 to $20.00 and gave the company a “buy” rating in a report on Tuesday. TheStreet raised shares of Bel Fuse from a “d+” rating to a “c” rating in a research note on Thursday, February 18th.

Bel Fuse Company Profile

Bel Fuse Inc designs, manufactures, markets, and sells products that are used in the networking, telecommunication, high-speed data transmission, commercial aerospace, military, broadcasting, transportation, and consumer electronic industries in the United States, Macao, the United Kingdom, Slovakia, Germany, Switzerland, and internationally.

Further Reading: Equal Weight Rating

Earnings History for Bel Fuse (NASDAQ:BELFB)

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