Bel Fuse (BELFB) to Release Earnings on Tuesday

Bel Fuse (NASDAQ:BELFB) will likely be releasing its earnings data after the market closes on Tuesday, February 18th. Analysts expect Bel Fuse to post earnings of $0.96 per share and revenue of $126.41 million for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Bel Fuse Stock Down 0.7 %

BELFB stock opened at $82.32 on Friday. Bel Fuse has a 12 month low of $45.74 and a 12 month high of $92.61. The company has a debt-to-equity ratio of 0.16, a current ratio of 4.00 and a quick ratio of 2.71. The company has a market cap of $1.03 billion, a price-to-earnings ratio of 18.88, a price-to-earnings-growth ratio of 0.96 and a beta of 1.28. The company has a fifty day moving average price of $81.91 and a 200 day moving average price of $76.85.

Analyst Upgrades and Downgrades

BELFB has been the subject of several analyst reports. Needham & Company LLC upped their price objective on Bel Fuse from $79.00 to $95.00 and gave the company a “buy” rating in a research note on Monday, November 18th. Oppenheimer assumed coverage on Bel Fuse in a research note on Tuesday, December 17th. They set an “outperform” rating and a $105.00 price target for the company. Finally, StockNews.com lowered shares of Bel Fuse from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, January 29th. Four investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $98.33.

Insider Activity

In other Bel Fuse news, VP Joseph Francis Berry sold 1,000 shares of Bel Fuse stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $80.30, for a total transaction of $80,300.00. Following the completion of the transaction, the vice president now owns 8,023 shares in the company, valued at approximately $644,246.90. The trade was a 11.08 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Stephen Dawson sold 1,500 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $77.65, for a total transaction of $116,475.00. Following the transaction, the insider now directly owns 14,832 shares of the company’s stock, valued at approximately $1,151,704.80. This trade represents a 9.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 5.37% of the company’s stock.

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.