Bel Fuse Inc. (NASDAQ:BELFA) is reporting third quarter financial results on Friday 30th October 2020, before market open.
According to analysts surveyed by Thomson Reuters, BELFA is expected to report 3Q20 income of $ 0.07 per share from revenue of $ 130.00 million.
For the full year, analysts anticipate top line of $ 490.15 million, while looking forward to income of $ 0.36 per share bottom line.
Previous Quarter Performance
Bel Fuse Inc. revealed income for the second quarter of $ 0.43 per share, from the revenue of $ 121.17 million. The quarterly revenues declined 4.91 percent compared with the same quarter last year. According to street consensus, BELFA was expected to report 2Q20 loss of $ 0.23 per share from revenue of $ 110.00 million. The bottom line results beat street analysts by $ 0.66 or 286.96 percent, at the same time, top line results outshined analysts by $ 11.17 million or 10.15 percent.
Stock Performance
Shares of Bel Fuse Inc. traded low $ -0.62 or -5.66 percent on Thursday, reaching $ 10.33 with volume of 2.50 thousand shares. Bel Fuse Inc. has traded high as $ 11.30 and has cracked $ 10.11 on the downward trend
According to the previous trading day, closing price of $ 10.33, representing a 80.10 % increase from the 52 week low of $ 6.08 and a 37.78 % decrease over the 52 week high of $ 17.60.
The company has a market capital of $ 118.98 million and is part of the Technology sector and Electronic Components industry.
Recent Stock Dividend Announcement
On August 4, 2020, the board of directors authorized quarterly dividend of $ 0.06 per share to holders of record as of the close of business on October 15, 2020, with payment date of October 30, 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.
