Bel Fuse (NASDAQ:BELFB – Get Free Report) released its quarterly earnings data on Wednesday. The electronics maker reported $1.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.58, Zacks reports. The firm had revenue of $133.21 million during the quarter, compared to analysts’ expectations of $130.27 million. Bel Fuse had a return on equity of 21.28% and a net margin of 11.81%. During the same quarter in the prior year, the business posted $1.95 earnings per share.
Bel Fuse Stock Performance
Bel Fuse stock traded up $1.10 during mid-day trading on Friday, hitting $74.04. 13,432 shares of the company’s stock traded hands, compared to its average volume of 104,346. The firm has a 50 day moving average price of $66.67 and a 200 day moving average price of $63.22. 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 company has a market cap of $934.38 million, a PE ratio of 12.28 and a beta of 1.41. Bel Fuse has a one year low of $39.13 and a one year high of $74.75.
Wall Street Analyst Weigh In
A number of equities analysts have recently commented on the company. Needham & Company LLC raised their price objective on Bel Fuse from $68.00 to $79.00 and gave the stock a “buy” rating in a report on Friday. Northland Securities lowered Bel Fuse from an “outperform” rating to a “market perform” rating and set a $63.00 price objective for the company. in a research report on Thursday, May 2nd. Finally, StockNews.com lowered Bel Fuse from a “buy” rating to a “hold” rating in a research report on Wednesday.
Bel Fuse Company Profile
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.
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