Littelfuse (NASDAQ:LFUS) Releases Q2 Earnings Guidance

Littelfuse (NASDAQ:LFUS) updated its second quarter earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $1.65-1.85 for the period, compared to the consensus estimate of $2.12. The company issued revenue guidance of $525-555 million, compared to the consensus revenue estimate of $540.18 million. Littelfuse also updated its Q2 2024 guidance to 1.650-1.850 EPS.

Analysts Set New Price Targets

Several research firms recently weighed in on LFUS. Jefferies Financial Group began coverage on Littelfuse in a research report on Tuesday, April 9th. They set a hold rating and a $260.00 price target on the stock. StockNews.com downgraded Littelfuse from a buy rating to a hold rating in a report on Saturday, March 30th.

Littelfuse Stock Down 2.2 %

Littelfuse stock traded down $5.22 during mid-day trading on Tuesday, hitting $230.64. The company had a trading volume of 205,397 shares, compared to its average volume of 144,765. The company has a current ratio of 3.75, a quick ratio of 2.49 and a debt-to-equity ratio of 0.35. The stock’s 50 day moving average price is $235.30 and its two-hundred day moving average price is $239.31. Littelfuse has a 12 month low of $212.80 and a 12 month high of $309.94. The company has a market capitalization of $5.75 billion, a PE ratio of 22.81, a price-to-earnings-growth ratio of 2.04 and a beta of 1.34.

Littelfuse (NASDAQ:LFUS) last released its earnings results on Tuesday, January 30th. The technology company reported $2.02 EPS for the quarter, hitting the consensus estimate of $2.02. Littelfuse had a return on equity of 12.35% and a net margin of 10.98%. The business had revenue of $533.80 million for the quarter, compared to the consensus estimate of $535.76 million. During the same period in the previous year, the company posted $3.34 earnings per share. The company’s revenue for the quarter was down 12.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that Littelfuse will post 9.44 earnings per share for the current fiscal year.

Insider Transactions at Littelfuse

In other news, SVP Maggie Chu sold 1,522 shares of the business’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $240.74, for a total value of $366,406.28. Following the completion of the transaction, the senior vice president now owns 3,086 shares in the company, valued at $742,923.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, SVP Matthew Cole sold 916 shares of the company’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $248.18, for a total transaction of $227,332.88. Following the completion of the sale, the senior vice president now owns 5,530 shares in the company, valued at $1,372,435.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Maggie Chu sold 1,522 shares of the company’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $240.74, for a total value of $366,406.28. Following the sale, the senior vice president now owns 3,086 shares of the company’s stock, valued at approximately $742,923.64. The disclosure for this sale can be found here. Insiders sold 4,370 shares of company stock worth $1,064,413 over the last quarter. 2.30% of the stock is currently owned by insiders.

Littelfuse Company Profile

Littelfuse, Inc designs, manufactures, and sells electronic components, modules, and subassemblies in the Americas, Asia-Pacific, and Europe. The company operates through Electronic, Transportation, and Industrial segments. The Electronics segment offers fuses and fuse accessories, positive temperature coefficient resettable fuses, electromechanical switches and interconnect solutions, polymer electrostatic discharge suppressors, varistors, reed switch based magnetic sensing products, and gas discharge tubes; and discrete transient voltage suppressor (TVS) diodes, TVS diode arrays, protection and switching thyristors, metal-oxide-semiconductor field-effect transistors and diodes, and insulated gate bipolar transistors.