Equities analysts forecast that Littelfuse, Inc. (NASDAQ:LFUS) will announce earnings per share (EPS) of $2.40 for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Littelfuse’s earnings, with estimates ranging from $2.38 to $2.41. Littelfuse reported earnings of $2.12 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 13.2%. The firm is scheduled to announce its next earnings report before the market opens on Wednesday, October 31st.
According to Zacks, analysts expect that Littelfuse will report full year earnings of $9.57 per share for the current year, with EPS estimates ranging from $9.50 to $9.65. For the next year, analysts forecast that the firm will report earnings of $10.54 per share, with EPS estimates ranging from $10.35 to $10.75. Zacks’ earnings per share averages are a mean average based on a survey of analysts that cover Littelfuse.
Littelfuse (NASDAQ:LFUS) last released its quarterly earnings data on Wednesday, August 1st. The technology company reported $2.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.50 by $0.18. The firm had revenue of $459.20 million for the quarter, compared to analyst estimates of $458.84 million. Littelfuse had a return on equity of 18.22% and a net margin of 7.36%. The business’s revenue for the quarter was up 46.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.10 earnings per share.
Several research firms have issued reports on LFUS. BidaskClub upgraded Littelfuse from a “hold” rating to a “buy” rating in a research note on Tuesday, June 19th. Zacks Investment Research upgraded Littelfuse from a “hold” rating to a “buy” rating and set a $257.00 price objective on the stock in a research note on Thursday, July 19th. ValuEngine lowered Littelfuse from a “buy” rating to a “hold” rating in a research note on Tuesday, September 4th. Barrington Research restated a “hold” rating on shares of Littelfuse in a research note on Tuesday, July 31st. Finally, CL King set a $248.00 price objective on Littelfuse and gave the company a “buy” rating in a research note on Tuesday, September 25th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company. Littelfuse currently has an average rating of “Hold” and a consensus target price of $245.00.
NASDAQ:LFUS traded down $5.19 on Monday, hitting $181.79. The company’s stock had a trading volume of 168,100 shares, compared to its average volume of 187,328. The company has a quick ratio of 2.69, a current ratio of 3.59 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $4.96 billion, a price-to-earnings ratio of 23.49, a P/E/G ratio of 1.72 and a beta of 0.93. Littelfuse has a one year low of $180.70 and a one year high of $238.10.
In other news, SVP Ian Highley sold 12,118 shares of the company’s stock in a transaction that occurred on Monday, August 6th. The stock was sold at an average price of $219.80, for a total value of $2,663,536.40. Following the transaction, the senior vice president now owns 12,151 shares of the company’s stock, valued at $2,670,789.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Nathan Zommer sold 13,741 shares of the company’s stock in a transaction that occurred on Friday, August 31st. The shares were sold at an average price of $222.38, for a total value of $3,055,723.58. Following the completion of the transaction, the director now directly owns 475,419 shares in the company, valued at approximately $105,723,677.22. The disclosure for this sale can be found here. Insiders sold 28,502 shares of company stock worth $6,314,954 in the last 90 days. Corporate insiders own 3.80% of the company’s stock.
Several institutional investors have recently bought and sold shares of LFUS. Summit Trail Advisors LLC grew its position in shares of Littelfuse by 12,458.6% in the first quarter. Summit Trail Advisors LLC now owns 126,088 shares of the technology company’s stock valued at $126,000 after purchasing an additional 125,084 shares during the last quarter. Gideon Capital Advisors Inc. acquired a new position in shares of Littelfuse in the second quarter valued at approximately $205,000. CIBC Asset Management Inc acquired a new position in shares of Littelfuse in the second quarter valued at approximately $205,000. Bremer Trust National Association acquired a new position in shares of Littelfuse in the second quarter valued at approximately $212,000. Finally, Visionary Asset Management Inc. acquired a new position in shares of Littelfuse in the second quarter valued at approximately $214,000. 97.05% of the stock is currently owned by institutional investors.
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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