Bel Fuse Inc. (BELFA) Releases Earnings Results, Misses Estimates By $0.12 EPS
Bel Fuse Inc. (NASDAQ:BELFA) released its quarterly earnings data on Friday. The scientific and technical instruments company reported $0.42 EPS for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.12), Bloomberg Earnings reports. Bel Fuse had a return on equity of 11.61% and a net margin of 3.44%.
Shares of Bel Fuse (NASDAQ BELFA) traded down $4.31 during trading hours on Friday, hitting $23.95. The company had a trading volume of 2,076 shares, compared to its average volume of 570. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.62 and a current ratio of 2.68. The firm has a market capitalization of $325.13 million, a PE ratio of 18.12 and a beta of 0.89.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 1st. Stockholders of record on Friday, October 13th were issued a $0.06 dividend. The ex-dividend date was Thursday, October 12th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.00%. Bel Fuse’s dividend payout ratio (DPR) is 17.91%.
Separately, TheStreet upgraded Bel Fuse from a “c” rating to a “b-” rating in a report on Friday, August 4th.
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Bel Fuse Company Profile
Bel Fuse Inc (Bel) designs, manufactures and markets a range of products that power, protect and connect electronic circuits. The Company’s products include magnetic solutions, power solutions and protection, and connectivity solutions. The Company’s operating segments are North America, Asia and Europe.
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