Bel Fuse (NASDAQ:BELFB) Issues Quarterly Earnings Results, Misses Expectations By $0.89 EPS

Bel Fuse (NASDAQ:BELFB) issued its earnings results on Wednesday. The electronics maker reported $1.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.72 by ($0.89), Zacks reports. Bel Fuse had a return on equity of 9.75% and a net margin of 7.21%.

Bel Fuse Stock Performance

Shares of BELFB stock traded up $3.98 during mid-day trading on Wednesday, reaching $227.77. 170,246 shares of the company’s stock traded hands, compared to its average volume of 218,092. The firm has a market capitalization of $3.29 billion, a PE ratio of 55.02, a price-to-earnings-growth ratio of 2.15 and a beta of 1.67. Bel Fuse has a 12 month low of $129.94 and a 12 month high of $335.29. The firm has a 50 day moving average price of $241.07 and a two-hundred day moving average price of $247.02.

Insiders Place Their Bets

In related news, Director Vincent Vellucci sold 1,000 shares of Bel Fuse stock in a transaction on Monday, September 14th. The stock was sold at an average price of $235.15, for a total transaction of $235,150.00. Following the transaction, the director directly owned 7,434 shares in the company, valued at approximately $1,748,105.10. The trade was a 11.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Peter E. Gilbert sold 500 shares of Bel Fuse stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $292.12, for a total value of $146,060.00. Following the transaction, the director owned 750 shares in the company, valued at $219,090. This trade represents a 40.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 1,893 shares of company stock worth $476,949. 5.37% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on BELFB. Wall Street Zen upgraded Bel Fuse from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Bank of America started coverage on Bel Fuse in a research report on Tuesday, July 14th. They set a “buy” rating and a $330.00 price objective for the company. JPMorgan Chase & Co. lowered their target price on Bel Fuse from $380.00 to $330.00 and set an “overweight” rating on the stock in a report on Tuesday, October 13th. Northland Securities set a $326.00 target price on Bel Fuse in a research report on Friday, July 31st. Finally, Weiss Ratings upgraded Bel Fuse from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, October 13th. Six research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, Bel Fuse presently has a consensus rating of “Moderate Buy” and a consensus price target of $315.67.

Bel Fuse Company Profile

Bel Fuse Inc is a designer, manufacturer and supplier of products that power, protect and connect electronic circuits. The company’s portfolio includes circuit protection devices, magnetic components, interconnect products, power supplies, power conversion solutions and discrete components used in electronic equipment and systems.

Bel Fuse serves customers in industries including telecommunications, networking, computing, industrial equipment, consumer electronics, automotive, medical technology, aerospace and defense.