Bel Fuse (NASDAQ:BELFB) released its quarterly earnings results on Thursday. The electronics maker reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.08), MarketWatch Earnings reports. The company had revenue of $125.39 million for the quarter. Bel Fuse had a return on equity of 11.85% and a net margin of 3.78%.
Bel Fuse stock traded up $0.45 during mid-day trading on Friday, hitting $22.50. 119 shares of the company were exchanged, compared to its average volume of 23,207. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.61 and a current ratio of 2.74. The company has a market capitalization of $305.59 million, a price-to-earnings ratio of 14.19 and a beta of 1.23. Bel Fuse has a 12-month low of $16.58 and a 12-month high of $29.00.
The business also recently declared a quarterly dividend, which was paid on Wednesday, May 1st. Shareholders of record on Monday, April 15th were given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 1.24%. The ex-dividend date of this dividend was Friday, April 12th.
Separately, BidaskClub downgraded Bel Fuse from a “buy” rating to a “hold” rating in a research report on Wednesday, April 24th.
About Bel Fuse
Bel Fuse Inc designs, manufactures, markets, and sells products that are used in the networking, telecommunication, high-speed data transmission, commercial aerospace, military, broadcasting, transportation, and consumer electronic industries in North America, Asia, and Europe. It offers magnetic products, such as integrated connector modules; power transformers; SMD power inductors and SMPS transformers; and telecom discrete components.
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