Analysts Issue Forecasts for Bel Fuse Q2 Earnings

Bel Fuse Inc. (NASDAQ:BELFB) – Research analysts at Northland Securities dropped their Q2 2027 EPS estimates for shares of Bel Fuse in a report issued on Friday, October 30th. Northland Securities analyst B. Brooks now expects that the electronics maker will post earnings per share of $2.04 for the quarter, down from their prior estimate of $2.05. The consensus estimate for Bel Fuse’s current full-year earnings is $6.89 per share.

Bel Fuse (NASDAQ:BELFB) last announced its quarterly earnings results on Wednesday, October 28th. The electronics maker reported $1.83 EPS for the quarter, missing the consensus estimate of $2.72 by ($0.89). The firm had revenue of $220.51 million for the quarter, compared to analysts’ expectations of $215.74 million. Bel Fuse had a return on equity of 9.76% and a net margin of 7.34%.

Several other equities analysts have also recently issued reports on the company. Needham & Company LLC initiated coverage on Bel Fuse in a report on Friday. They set a “buy” rating and a $300.00 price objective for the company. Citigroup assumed coverage on Bel Fuse in a report on Monday, July 13th. They issued a “buy” rating on the stock. Weiss Ratings upgraded Bel Fuse from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, October 13th. Bank of America began coverage on Bel Fuse in a research report on Tuesday, July 14th. They issued a “buy” rating and a $330.00 price target for the company. Finally, Zacks Research raised Bel Fuse from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 14th. Six equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $320.67.

Bel Fuse Price Performance

NASDAQ BELFB opened at $235.04 on Tuesday. Bel Fuse has a 1-year low of $133.71 and a 1-year high of $335.29. The company has a market capitalization of $3.39 billion, a P/E ratio of 55.96, a PEG ratio of 2.46 and a beta of 1.67. The business has a 50 day moving average price of $238.61 and a 200 day moving average price of $247.94.

Insiders Place Their Bets

In other Bel Fuse news, Director Vincent Vellucci sold 1,000 shares of the company’s stock in a transaction dated Monday, September 14th. The shares were sold at an average price of $235.15, for a total value of $235,150.00. Following the transaction, the director directly owned 7,434 shares in the company, valued at approximately $1,748,105.10. This represents a 11.86% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Peter E. Gilbert sold 500 shares of the firm’s stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $292.12, for a total transaction of $146,060.00. Following the sale, the director directly owned 750 shares in the company, valued at $219,090. This represents a 40.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 1,893 shares of company stock worth $476,949. Corporate insiders own 5.37% of the company’s stock.

Hedge Funds Weigh In On Bel Fuse

Institutional investors have recently modified their holdings of the company. PNC Financial Services Group Inc. lifted its position in Bel Fuse by 20.2% during the first quarter. PNC Financial Services Group Inc. now owns 286 shares of the electronics maker’s stock worth $57,000 after buying an additional 48 shares during the period. The Manufacturers Life Insurance Company boosted its stake in Bel Fuse by 1.1% in the 1st quarter. The Manufacturers Life Insurance Company now owns 4,782 shares of the electronics maker’s stock worth $947,000 after buying an additional 50 shares during the last quarter. Bank of America Corp DE boosted its stake in Bel Fuse by 0.9% in the 1st quarter. Bank of America Corp DE now owns 10,348 shares of the electronics maker’s stock worth $2,049,000 after buying an additional 89 shares during the last quarter. Strs Ohio grew its holdings in Bel Fuse by 5.6% in the 1st quarter. Strs Ohio now owns 1,900 shares of the electronics maker’s stock valued at $376,000 after buying an additional 100 shares during the period. Finally, ZWJ Investment Counsel Inc. grew its holdings in Bel Fuse by 13.9% in the 3rd quarter. ZWJ Investment Counsel Inc. now owns 940 shares of the electronics maker’s stock valued at $229,000 after buying an additional 115 shares during the period. Institutional investors and hedge funds own 58.39% of the company’s stock.

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.