Bel Fuse (BELFB) Projected to Post Quarterly Earnings on Tuesday

Bel Fuse (NASDAQ:BELFB) will likely be announcing its earnings results after the market closes on Tuesday, February 18th. Analysts expect the company to announce earnings of $0.96 per share and revenue of $126.41 million for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Bel Fuse Stock Up 1.8 %

Shares of Bel Fuse stock opened at $82.32 on Tuesday. Bel Fuse has a 1 year low of $45.74 and a 1 year high of $92.61. The company has a market cap of $1.03 billion, a P/E ratio of 18.88, a P/E/G ratio of 0.96 and a beta of 1.28. The company has a current ratio of 4.00, a quick ratio of 2.71 and a debt-to-equity ratio of 0.16. The stock has a 50-day moving average price of $82.10 and a 200 day moving average price of $76.57.

Analysts Set New Price Targets

BELFB has been the subject of a number of research analyst reports. StockNews.com lowered shares of Bel Fuse from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, January 29th. Needham & Company LLC increased their target price on shares of Bel Fuse from $79.00 to $95.00 and gave the stock a “buy” rating in a research report on Monday, November 18th. Finally, Oppenheimer initiated coverage on shares of Bel Fuse in a report on Tuesday, December 17th. They set an “outperform” rating and a $105.00 price target on the stock. Four investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $98.33.

Insider Activity

In other news, VP Joseph Francis Berry sold 1,000 shares of the company’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $80.30, for a total transaction of $80,300.00. Following the completion of the sale, the vice president now owns 8,023 shares in the company, valued at approximately $644,246.90. This represents a 11.08 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Stephen Dawson sold 1,500 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $77.65, for a total value of $116,475.00. Following the completion of the transaction, the insider now directly owns 14,832 shares in the company, valued at $1,151,704.80. The trade was a 9.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.37% of the stock is owned by corporate insiders.

Bel Fuse Company Profile

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.