Analysts expect that Littelfuse, Inc. (NASDAQ:LFUS) will post earnings per share of $2.08 for the current quarter, Zacks reports. Four analysts have provided estimates for Littelfuse’s earnings, with the lowest EPS estimate coming in at $2.05 and the highest estimate coming in at $2.13. Littelfuse posted earnings of $2.68 per share during the same quarter last year, which would suggest a negative year over year growth rate of 22.4%. The firm is expected to issue its next earnings report on Wednesday, August 7th.
According to Zacks, analysts expect that Littelfuse will report full-year earnings of $8.71 per share for the current fiscal year, with EPS estimates ranging from $8.50 to $9.03. For the next financial year, analysts forecast that the firm will report earnings of $9.92 per share, with EPS estimates ranging from $9.64 to $10.60. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research analysts that follow Littelfuse.
Littelfuse (NASDAQ:LFUS) last released its quarterly earnings data on Wednesday, May 1st. The technology company reported $1.96 earnings per share for the quarter, beating analysts’ consensus estimates of $1.92 by $0.04. Littelfuse had a net margin of 9.70% and a return on equity of 15.27%. The firm had revenue of $405.50 million for the quarter, compared to analyst estimates of $407.53 million. During the same period last year, the firm earned $2.39 earnings per share. The business’s quarterly revenue was down 2.9% compared to the same quarter last year.
A number of research analysts have weighed in on LFUS shares. Longbow Research raised shares of Littelfuse from a “neutral” rating to a “buy” rating and set a $200.00 price objective on the stock in a research note on Thursday, January 31st. Barrington Research reiterated a “hold” rating on shares of Littelfuse in a report on Tuesday, January 29th. Zacks Investment Research upgraded shares of Littelfuse from a “sell” rating to a “hold” rating in a report on Friday, January 25th. Oppenheimer lowered their target price on shares of Littelfuse from $215.00 to $210.00 and set an “outperform” rating for the company in a report on Thursday, May 2nd. Finally, BidaskClub downgraded shares of Littelfuse from a “hold” rating to a “sell” rating in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $226.00.
In other news, Director Nathan Zommer sold 1,300 shares of the stock in a transaction dated Monday, February 25th. The shares were sold at an average price of $194.14, for a total value of $252,382.00. Following the completion of the sale, the director now owns 400,786 shares in the company, valued at $77,808,594.04. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Ian Highley sold 1,000 shares of the firm’s stock in a transaction dated Monday, February 25th. The stock was sold at an average price of $195.98, for a total transaction of $195,980.00. Following the sale, the senior vice president now owns 3,701 shares of the company’s stock, valued at approximately $725,321.98. The disclosure for this sale can be found here. In the last quarter, insiders sold 13,747 shares of company stock valued at $2,689,372. 3.50% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of LFUS. Private Capital Group LLC increased its holdings in Littelfuse by 78.4% during the fourth quarter. Private Capital Group LLC now owns 157 shares of the technology company’s stock worth $27,000 after buying an additional 69 shares during the last quarter. Manchester Capital Management LLC purchased a new stake in Littelfuse during the first quarter worth about $30,000. Quantamental Technologies LLC purchased a new stake in Littelfuse during the first quarter worth about $33,000. Doyle Wealth Management purchased a new stake in Littelfuse during the fourth quarter worth about $34,000. Finally, Fifth Third Bancorp increased its holdings in Littelfuse by 72.8% during the first quarter. Fifth Third Bancorp now owns 197 shares of the technology company’s stock worth $36,000 after buying an additional 83 shares during the last quarter. Institutional investors and hedge funds own 99.49% of the company’s stock.
Shares of Littelfuse stock traded up $1.96 during trading hours on Wednesday, reaching $173.21. The company’s stock had a trading volume of 3,912 shares, compared to its average volume of 161,622. Littelfuse has a one year low of $155.15 and a one year high of $238.10. The firm has a market capitalization of $4.16 billion, a price-to-earnings ratio of 18.35, a price-to-earnings-growth ratio of 1.61 and a beta of 0.94. The company has a current ratio of 3.82, a quick ratio of 2.85 and a debt-to-equity ratio of 0.45.
The company also recently announced a quarterly dividend, which will be paid on Thursday, June 6th. Stockholders of record on Thursday, May 23rd will be issued a $0.43 dividend. The ex-dividend date of this dividend is Wednesday, May 22nd. This represents a $1.72 annualized dividend and a dividend yield of 0.99%. Littelfuse’s dividend payout ratio is currently 18.22%.
Littelfuse Company Profile
Littelfuse, Inc designs, manufactures, and sells circuit protection, power control, and sensing products worldwide. The company's Electronics segment offers fuses and fuse accessories, positive temperature coefficient resettable fuses, polymer electrostatic discharge suppressors, varistors, magnetic sensing products, and gas discharge tubes; and discrete transient voltage suppressor (TVS) diodes, TVS diode arrays, protection and switching thyristors, silicon carbide, metal-oxide-semiconductor field-effect transistors, and silicon carbide diodes, as well as insulated gate bipolar transistors.
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