Northland Capmk Has Bearish Outlook for Bel Fuse Q4 Earnings

Bel Fuse Inc. (NASDAQ:BELFB) – Research analysts at Northland Capmk lowered their Q4 2024 earnings per share estimates for shares of Bel Fuse in a research note issued to investors on Monday, October 28th. Northland Capmk analyst B. Brooks now anticipates that the electronics maker will post earnings per share of $0.58 for the quarter, down from their previous estimate of $0.91. Northland Capmk has a “Strong-Buy” rating on the stock. The consensus estimate for Bel Fuse’s current full-year earnings is $4.52 per share.

BELFB has been the topic of several other reports. Needham & Company LLC upped their price target on shares of Bel Fuse from $68.00 to $79.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Northland Securities boosted their price objective on shares of Bel Fuse from $80.00 to $95.00 and gave the company an “outperform” rating in a report on Tuesday, October 1st. Finally, StockNews.com raised shares of Bel Fuse from a “buy” rating to a “strong-buy” rating in a report on Friday, October 25th.

Bel Fuse Stock Down 0.7 %

BELFB stock opened at $76.90 on Wednesday. Bel Fuse has a fifty-two week low of $45.74 and a fifty-two week high of $85.91. The company has a debt-to-equity ratio of 0.17, a current ratio of 4.19 and a quick ratio of 2.76. The stock has a market capitalization of $970.48 million, a price-to-earnings ratio of 13.02 and a beta of 1.34. The business’s fifty day moving average price is $74.53 and its two-hundred day moving average price is $68.19.

Institutional Trading of Bel Fuse

A number of institutional investors and hedge funds have recently made changes to their positions in BELFB. Beach Investment Counsel Inc. PA acquired a new stake in Bel Fuse in the second quarter valued at about $25,000. Isthmus Partners LLC bought a new position in shares of Bel Fuse in the second quarter worth about $39,000. nVerses Capital LLC acquired a new stake in shares of Bel Fuse in the 3rd quarter valued at approximately $39,000. Comerica Bank grew its holdings in shares of Bel Fuse by 223.7% during the 1st quarter. Comerica Bank now owns 738 shares of the electronics maker’s stock valued at $45,000 after purchasing an additional 510 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new position in Bel Fuse during the 3rd quarter worth approximately $200,000. Institutional investors own 58.39% of the company’s stock.

Bel Fuse Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 15th will be given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.36%. The ex-dividend date is Wednesday, January 15th. Bel Fuse’s payout ratio is currently 4.71%.

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.