Bel Fuse (NASDAQ:BELFB) Releases Earnings Results

Bel Fuse (NASDAQ:BELFB) announced its earnings results on Wednesday. The electronics maker reported $1.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.92 by $0.58, Zacks reports. Bel Fuse had a net margin of 11.81% and a return on equity of 20.97%. The company had revenue of $133.21 million during the quarter, compared to the consensus estimate of $130.27 million. During the same period in the previous year, the firm posted $1.95 earnings per share.

Bel Fuse Trading Up 2.9 %

BELFB opened at $75.05 on Friday. The company has a debt-to-equity ratio of 0.17, a current ratio of 4.19 and a quick ratio of 2.70. The company has a market cap of $947.13 million, a price-to-earnings ratio of 12.63 and a beta of 1.41. The firm has a 50 day simple moving average of $66.87 and a 200 day simple moving average of $63.30. Bel Fuse has a fifty-two week low of $39.13 and a fifty-two week high of $75.63.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. StockNews.com downgraded shares of Bel Fuse from a “buy” rating to a “hold” rating in a research note on Wednesday. Needham & Company LLC boosted their price target on shares of Bel Fuse from $68.00 to $79.00 and gave the stock a “buy” rating in a research note on Friday. Finally, Northland Securities downgraded shares of Bel Fuse from an “outperform” rating to a “market perform” rating and set a $63.00 price target for the company. in a research note on Thursday, May 2nd.

About Bel Fuse

Bel Fuse Inc designs, manufactures, markets, and sells products that are used in the networking, telecommunications, computing, general industrial, high-speed data transmission, military, commercial aerospace, transportation, and e-Mobility industries in the United States, the People's Republic of China, Macao, the United Kingdom, Slovakia, Germany, India, Switzerland, and internationally.