Wall Street brokerages forecast that Littelfuse, Inc. (NASDAQ:LFUS) will report $1.93 earnings per share for the current fiscal quarter, Zacks reports. Four analysts have made estimates for Littelfuse’s earnings, with the highest EPS estimate coming in at $1.94 and the lowest estimate coming in at $1.91. Littelfuse posted earnings of $2.39 per share in the same quarter last year, which would suggest a negative year over year growth rate of 19.2%. The company is scheduled to report its next quarterly earnings results on Wednesday, May 1st.
On average, analysts expect that Littelfuse will report full year earnings of $9.40 per share for the current financial year, with EPS estimates ranging from $8.83 to $9.70. For the next financial year, analysts forecast that the firm will report earnings of $10.51 per share, with EPS estimates ranging from $9.92 to $10.75. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover Littelfuse.
Littelfuse (NASDAQ:LFUS) last announced its quarterly earnings data on Wednesday, January 30th. The technology company reported $1.87 earnings per share for the quarter, missing analysts’ consensus estimates of $2.00 by ($0.13). The company had revenue of $402.30 million for the quarter, compared to the consensus estimate of $413.77 million. Littelfuse had a net margin of 9.58% and a return on equity of 16.12%. The company’s quarterly revenue was up 31.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.81 EPS.
Several research firms have recently weighed in on LFUS. Barrington Research reaffirmed a “hold” rating on shares of Littelfuse in a research note on Tuesday, January 29th. Zacks Investment Research raised Littelfuse from a “sell” rating to a “hold” rating in a research note on Wednesday. BidaskClub upgraded Littelfuse from a “sell” rating to a “hold” rating in a report on Friday, January 11th. CIBC upgraded Littelfuse from a “market perform” rating to an “outperform” rating and set a $215.00 price objective on the stock in a report on Tuesday, January 8th. Finally, Oppenheimer raised Littelfuse from a “market perform” rating to an “outperform” rating and set a $215.00 target price for the company in a research report on Tuesday, January 8th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $227.00.
LFUS stock traded up $2.37 during mid-day trading on Friday, reaching $194.43. The company had a trading volume of 150,737 shares, compared to its average volume of 169,216. The company has a market capitalization of $4.75 billion, a P/E ratio of 20.60, a P/E/G ratio of 1.70 and a beta of 0.92. Littelfuse has a 12 month low of $155.15 and a 12 month high of $238.10. The company has a debt-to-equity ratio of 0.46, a current ratio of 3.50 and a quick ratio of 2.62.
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 7th. Shareholders of record on Thursday, February 21st were issued a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 0.88%. The ex-dividend date of this dividend was Wednesday, February 20th. Littelfuse’s payout ratio is 18.22%.
In other Littelfuse news, SVP Matthew Cole sold 170 shares of the stock in a transaction on Tuesday, February 5th. The stock was sold at an average price of $183.40, for a total transaction of $31,178.00. Following the sale, the senior vice president now owns 3,993 shares of the company’s stock, valued at approximately $732,316.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director William P. Noglows sold 578 shares of the stock in a transaction on Tuesday, February 5th. The shares were sold at an average price of $182.50, for a total value of $105,485.00. Following the sale, the director now directly owns 22,608 shares in the company, valued at approximately $4,125,960. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 3,048 shares of company stock worth $585,025. 3.50% of the stock is owned by company insiders.
Several large investors have recently made changes to their positions in LFUS. Private Capital Group LLC lifted its stake in shares of Littelfuse by 78.4% during the 4th quarter. Private Capital Group LLC now owns 157 shares of the technology company’s stock worth $27,000 after purchasing an additional 69 shares during the last quarter. Doyle Wealth Management bought a new stake in Littelfuse during the fourth quarter valued at about $34,000. Enlightenment Research LLC bought a new stake in Littelfuse during the fourth quarter valued at about $51,000. Captrust Financial Advisors grew its stake in Littelfuse by 25.0% in the fourth quarter. Captrust Financial Advisors now owns 445 shares of the technology company’s stock valued at $76,000 after purchasing an additional 89 shares during the last quarter. Finally, Bremer Trust National Association purchased a new position in Littelfuse in the fourth quarter valued at about $144,000. Institutional investors and hedge funds own 98.82% of the company’s stock.
Littelfuse Company Profile
Littelfuse, Inc designs, manufactures, and sells circuit protection products worldwide. The company's Electronics segment offers fuses and fuse accessories, positive temperature coefficient resettable fuses, polymer electrostatic discharge suppressors, varistors, and gas discharge tubes; and semiconductor and power semiconductor products, such as 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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