What is Northland Capmk’s Estimate for Bel Fuse Q4 Earnings?

Bel Fuse Inc. (NASDAQ:BELFB) – Stock analysts at Northland Capmk decreased their Q4 2024 earnings per share (EPS) estimates for Bel Fuse in a note issued to investors on Monday, October 28th. Northland Capmk analyst B. Brooks now forecasts that the electronics maker will post earnings per share of $0.58 for the quarter, down from their previous forecast of $0.91. Northland Capmk has a “Strong-Buy” rating on the stock. The consensus estimate for Bel Fuse’s current full-year earnings is $4.52 per share.

BELFB has been the subject of several other research reports. Needham & Company LLC lifted their price objective on shares of Bel Fuse from $68.00 to $79.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Northland Securities boosted their price target on Bel Fuse from $80.00 to $95.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 1st. Finally, StockNews.com raised Bel Fuse from a “buy” rating to a “strong-buy” rating in a report on Friday, October 25th.

Bel Fuse Stock Performance

Shares of BELFB opened at $76.90 on Wednesday. Bel Fuse has a one year low of $45.74 and a one year high of $85.91. The company has a debt-to-equity ratio of 0.17, a current ratio of 4.19 and a quick ratio of 2.76. The stock has a market cap of $970.48 million, a price-to-earnings ratio of 13.02 and a beta of 1.34. The company has a 50-day moving average of $74.53 and a two-hundred day moving average of $68.19.

Hedge Funds Weigh In On Bel Fuse

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BELFB. Beach Investment Counsel Inc. PA bought a new position in Bel Fuse in the second quarter valued at approximately $25,000. nVerses Capital LLC acquired a new position in Bel Fuse during the third quarter worth $39,000. Comerica Bank increased its holdings in Bel Fuse by 223.7% during the first quarter. Comerica Bank now owns 738 shares of the electronics maker’s stock worth $45,000 after buying an additional 510 shares during the last quarter. SG Americas Securities LLC bought a new stake in Bel Fuse during the third quarter worth $200,000. Finally, One Wealth Advisors LLC acquired a new stake in Bel Fuse in the third quarter valued at $227,000. 58.39% of the stock is owned by institutional investors and hedge funds.

Bel Fuse Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th will be issued a dividend of $0.07 per share. The ex-dividend date is Wednesday, January 15th. This represents a $0.28 annualized dividend and a yield of 0.36%. Bel Fuse’s dividend payout ratio (DPR) is currently 4.71%.

About Bel Fuse

Bel Fuse Inc designs, manufactures, markets, and sells products that power, protect, and connect electronic circuits. The company’s products are used in the networking, telecommunications, computing, general industrial, high-speed data transmission, military, commercial aerospace, transportation, and e-Mobility industries.