Bel Fuse Inc. (NASDAQ:BELFB) is reporting third quarter earnings results on Friday 30th October 2020, before market open.
The consensus estimates from Thomson Reuters are income of $ 0.11 per share.
For the full year, analysts predict revenues of $ 474.92 million, while looking forward to income of $ 0.41 per share.
Previous Quarter Performance
Bel Fuse Inc. reported income for the second quarter of $ 0.46 per share, from the revenue of $ 121.17 million. The quarterly earnings 17.95 percent compared with the same quarter last year. The consensus estimates are loss of $ 0.30 per share from $ 108.25 million in revenue. The bottom line results beat street analysts by $ 0.76 or 253.33 percent, at the same time, top line results outshined analysts by $ 12.92 million or 11.94 percent.
Stock Performance
Shares of Bel Fuse Inc. traded up $ 0.39 or 3.89 percent on Thursday, reaching $ 10.42 with volume of 33.20 thousand shares. Bel Fuse Inc. has traded high as $ 10.58 and has cracked $ 9.88 on the downward trend
According to the previous trading day, closing price of $ 10.42, representing a 59.21 % increase from the 52 week low of $ 6.30 and a 53.35 % decrease over the 52 week high of $ 21.50.
The company has a market capital of $ 131.02 million and is part of the Technology sector and Electronic Components industry.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.07 per share on August 4, 2020. The dividend were payable on October 30, 2020 to holders of record as of the close of business on October 15, 2020 and ex-dividend date on October 14, 2020.
Conference Call
Bel Fuse Inc. will be hosting a conference call at 11:00 AM eastern time on 30th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.belfuse.com
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.
