Bel Fuse (NASDAQ:BELFA) Releases Quarterly Earnings Results

Bel Fuse (NASDAQ:BELFA) issued its earnings results on Wednesday. The scientific and technical instruments company reported $1.46 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.59, Zacks reports. The firm had revenue of $133.21 million during the quarter. Bel Fuse had a net margin of 12.62% and a return on equity of 24.29%. Bel Fuse updated its Q3 2024 guidance to EPS.

Bel Fuse Stock Up 9.1 %

Shares of BELFA stock traded up $7.49 on Thursday, reaching $89.44. 18,125 shares of the stock were exchanged, compared to its average volume of 12,163. The company has a current ratio of 4.21, a quick ratio of 2.70 and a debt-to-equity ratio of 0.17. The business’s 50 day moving average price is $81.42 and its 200 day moving average price is $73.23. The company has a market capitalization of $1.13 billion, a price-to-earnings ratio of 15.89 and a beta of 1.36. Bel Fuse has a twelve month low of $38.82 and a twelve month high of $90.00.

Bel Fuse Company Profile

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.