Bel Fuse (NASDAQ:BELFA) Releases Quarterly Earnings Results, Beats Estimates By $0.59 EPS

Bel Fuse (NASDAQ:BELFA) issued its quarterly earnings results on Wednesday. The scientific and technical instruments company reported $1.46 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.59, Zacks reports. The business had revenue of $133.21 million for the quarter. Bel Fuse had a net margin of 11.81% and a return on equity of 21.94%. Bel Fuse updated its Q3 2024 guidance to EPS.

Bel Fuse Price Performance

Shares of BELFA traded up $0.68 during trading hours on Friday, reaching $90.12. 3,959 shares of the stock traded hands, compared to its average volume of 12,105. The company has a current ratio of 4.21, a quick ratio of 2.70 and a debt-to-equity ratio of 0.17. Bel Fuse has a 52-week low of $38.82 and a 52-week high of $90.76. The company’s 50-day moving average price is $81.42 and its two-hundred day moving average price is $73.23. The company has a market cap of $1.14 billion, a P/E ratio of 16.07 and a beta of 1.36.

About Bel Fuse

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.