Bel Fuse Inc. to Post Q2 2024 Earnings of $0.79 Per Share, Litchfield Hills Research Forecasts (NASDAQ:BELFB)

Bel Fuse Inc. (NASDAQ:BELFB) – Analysts at Litchfield Hills Research cut their Q2 2024 earnings estimates for shares of Bel Fuse in a research report issued on Tuesday, April 30th. Litchfield Hills Research analyst T. O’neill now expects that the electronics maker will earn $0.79 per share for the quarter, down from their previous estimate of $1.07. The consensus estimate for Bel Fuse’s current full-year earnings is $4.70 per share. Litchfield Hills Research also issued estimates for Bel Fuse’s Q3 2024 earnings at $1.15 EPS, Q4 2024 earnings at $0.96 EPS, FY2024 earnings at $4.13 EPS, Q1 2025 earnings at $0.91 EPS, Q4 2025 earnings at $1.33 EPS and FY2025 earnings at $4.94 EPS.

Several other equities research analysts have also issued reports on BELFB. StockNews.com raised shares of Bel Fuse from a “hold” rating to a “buy” rating in a report on Friday, April 26th. Needham & Company LLC lowered their price target on Bel Fuse from $70.00 to $68.00 and set a “buy” rating for the company in a research report on Monday. Finally, Northland Securities assumed coverage on Bel Fuse in a research report on Thursday, January 11th. They issued an “outperform” rating and a $83.00 price target for the company.

Bel Fuse Price Performance

Shares of NASDAQ:BELFB opened at $58.49 on Thursday. The firm’s 50 day moving average price is $57.34 and its 200-day moving average price is $58.91. Bel Fuse has a twelve month low of $39.13 and a twelve month high of $74.75. The company has a quick ratio of 2.70, a current ratio of 4.21 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $746.33 million, a PE ratio of 9.85 and a beta of 1.46.

Bel Fuse (NASDAQ:BELFB) last announced its quarterly earnings data on Wednesday, February 21st. The electronics maker reported $1.37 EPS for the quarter, missing the consensus estimate of $1.44 by ($0.07). The firm had revenue of $140.01 million for the quarter, compared to analysts’ expectations of $152.86 million. Bel Fuse had a net margin of 12.62% and a return on equity of 23.58%.

Bel Fuse Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 1st. Investors of record on Monday, April 15th were issued a $0.07 dividend. The ex-dividend date of this dividend was Friday, April 12th. This represents a $0.28 annualized dividend and a dividend yield of 0.48%. Bel Fuse’s payout ratio is currently 4.71%.

Insider Activity at Bel Fuse

In related news, Director Vincent Vellucci sold 1,000 shares of Bel Fuse stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $56.70, for a total value of $56,700.00. Following the completion of the sale, the director now directly owns 7,392 shares in the company, valued at $419,126.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 5.37% of the stock is currently owned by corporate insiders.

Institutional Trading of Bel Fuse

Institutional investors and hedge funds have recently made changes to their positions in the company. GW&K Investment Management LLC purchased a new position in Bel Fuse in the fourth quarter valued at about $12,537,000. Loomis Sayles & Co. L P purchased a new position in Bel Fuse in the third quarter valued at about $8,377,000. Ophir Asset Management Pty Ltd purchased a new position in Bel Fuse in the fourth quarter valued at about $6,572,000. International Assets Investment Management LLC purchased a new position in Bel Fuse in the fourth quarter valued at about $6,041,000. Finally, American Century Companies Inc. grew its stake in Bel Fuse by 29.8% in the third quarter. American Century Companies Inc. now owns 169,920 shares of the electronics maker’s stock valued at $8,109,000 after purchasing an additional 39,046 shares during the last quarter. 58.39% of the stock is currently owned by institutional investors.

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.