Brokerages Expect Littelfuse, Inc. (LFUS) Will Post Earnings of $1.93 Per Share

Equities analysts expect that Littelfuse, Inc. (NASDAQ:LFUS) will announce earnings per share (EPS) of $1.93 for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Littelfuse’s earnings, with estimates ranging from $1.91 to $1.94. Littelfuse posted earnings of $2.39 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 19.2%. The firm is expected to report its next earnings report on Wednesday, May 1st.

According to Zacks, analysts expect that Littelfuse will report full year earnings of $9.46 per share for the current fiscal year, with EPS estimates ranging from $9.05 to $9.70. For the next year, analysts anticipate that the firm will post earnings of $10.53 per share, with EPS estimates ranging from $10.00 to $10.75. Zacks’ EPS calculations are a mean average based on a survey of research analysts that follow Littelfuse.

Littelfuse (NASDAQ:LFUS) last announced its earnings results on Wednesday, January 30th. The technology company reported $1.87 EPS for the quarter, missing the Zacks’ consensus estimate of $2.00 by ($0.13). The business 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 business’s quarterly revenue was up 31.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.81 EPS.

Several equities analysts have recently issued reports on LFUS shares. BidaskClub lowered Littelfuse from a “hold” rating to a “sell” rating in a research report on Wednesday, December 12th. Oppenheimer raised Littelfuse from a “market perform” rating to an “outperform” rating and set a $215.00 price target for the company in a research report on Tuesday, January 8th. CIBC raised Littelfuse from a “market perform” rating to an “outperform” rating and set a $215.00 price target for the company in a research report on Tuesday, January 8th. Zacks Investment Research lowered Littelfuse from a “hold” rating to a “sell” rating in a research report on Wednesday, January 9th. Finally, Barrington Research reaffirmed a “hold” rating on shares of Littelfuse in a research report on Tuesday, January 29th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $227.00.

In other Littelfuse news, SVP Ian Highley sold 1,000 shares of the business’s stock in a transaction dated Monday, February 25th. The stock was sold at an average price of $195.98, for a total value of $195,980.00. Following the completion of the transaction, the senior vice president now owns 3,701 shares of the company’s stock, valued at approximately $725,321.98. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Matthew Cole sold 170 shares of the business’s stock in a transaction dated Tuesday, February 5th. The stock was sold at an average price of $183.40, for a total value of $31,178.00. Following the completion of the transaction, the senior vice president now directly owns 3,993 shares of the company’s stock, valued at approximately $732,316.20. The disclosure for this sale can be found here. In the last ninety days, insiders sold 3,048 shares of company stock valued at $585,025. 3.50% of the stock is owned by insiders.

A number of large investors have recently modified their holdings of the business. BlackRock Inc. raised its position in Littelfuse by 2.5% in the 4th quarter. BlackRock Inc. now owns 2,209,597 shares of the technology company’s stock worth $378,902,000 after buying an additional 53,776 shares during the last quarter. Vanguard Group Inc. raised its position in Littelfuse by 2.4% in the 3rd quarter. Vanguard Group Inc. now owns 2,167,434 shares of the technology company’s stock worth $428,914,000 after buying an additional 51,769 shares during the last quarter. Vanguard Group Inc raised its position in Littelfuse by 2.4% in the 3rd quarter. Vanguard Group Inc now owns 2,167,434 shares of the technology company’s stock worth $428,914,000 after buying an additional 51,769 shares during the last quarter. Neuberger Berman Group LLC raised its position in Littelfuse by 2.6% in the 3rd quarter. Neuberger Berman Group LLC now owns 1,307,578 shares of the technology company’s stock worth $258,757,000 after buying an additional 33,590 shares during the last quarter. Finally, Principal Financial Group Inc. increased its position in shares of Littelfuse by 20.3% during the 4th quarter. Principal Financial Group Inc. now owns 781,653 shares of the technology company’s stock valued at $134,038,000 after purchasing an additional 132,138 shares during the last quarter. 98.82% of the stock is owned by institutional investors and hedge funds.

LFUS opened at $185.75 on Friday. The company has a quick ratio of 2.62, a current ratio of 3.50 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $4.51 billion, a PE ratio of 19.35, a P/E/G ratio of 1.61 and a beta of 0.92. Littelfuse has a 1 year low of $155.15 and a 1 year high of $238.10.

The business also recently declared a quarterly dividend, which was paid on Thursday, March 7th. Stockholders of record on Thursday, February 21st were given a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 0.93%. The ex-dividend date was Wednesday, February 20th. Littelfuse’s dividend payout ratio is presently 18.22%.

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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