Bel Fuse (NASDAQ:BELFA) Releases Quarterly Earnings Results, Beats Expectations By $0.78 EPS

Bel Fuse (NASDAQ:BELFA) announced its quarterly earnings results on Tuesday. The scientific and technical instruments company reported $1.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.10 by $0.78, Zacks reports. Bel Fuse had a return on equity of 21.18% and a net margin of 10.04%.The firm had revenue of $175.94 million during the quarter, compared to analyst estimates of $172.01 million.

Bel Fuse Price Performance

Bel Fuse stock opened at $216.04 on Wednesday. The company has a quick ratio of 1.75, a current ratio of 3.06 and a debt-to-equity ratio of 0.53. Bel Fuse has a 52-week low of $53.95 and a 52-week high of $226.00. The firm has a market cap of $2.74 billion, a PE ratio of 43.82 and a beta of 1.23. The company’s 50 day moving average is $176.13 and its two-hundred day moving average is $141.86.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. BNP Paribas Financial Markets raised its position in Bel Fuse by 92.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 319 shares of the scientific and technical instruments company’s stock valued at $37,000 after purchasing an additional 153 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings in Bel Fuse by 447.1% in the second quarter. Tower Research Capital LLC TRC now owns 744 shares of the scientific and technical instruments company’s stock valued at $67,000 after acquiring an additional 608 shares in the last quarter. Deutsche Bank AG purchased a new position in Bel Fuse in the fourth quarter worth approximately $111,000. Rhumbline Advisers grew its holdings in Bel Fuse by 41.5% during the 1st quarter. Rhumbline Advisers now owns 2,613 shares of the scientific and technical instruments company’s stock worth $188,000 after acquiring an additional 767 shares in the last quarter. Finally, PenderFund Capital Management Ltd. purchased a new stake in shares of Bel Fuse in the 4th quarter valued at approximately $243,000. 6.01% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded Bel Fuse from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, February 12th. One analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $115.00.

Bel Fuse Company Profile

Bel Fuse Inc, incorporated in 1949 and headquartered in Jersey City, New Jersey, designs and manufactures a broad range of electronic components aimed at ensuring reliable power delivery, circuit protection and signal connectivity. The company operates through two primary segments—Power Solutions Group and Telecom Products Group—serving original equipment manufacturers in multiple end markets, including telecommunications, data communications, consumer electronics, industrial and transportation.

Within its Power Solutions Group, Bel Fuse offers magnetic components such as power and signal transformers, inductors and coils, as well as circuit protection devices including fuses and resettable polyfuses.