Littelfuse (NASDAQ:LFUS) Announces Quarterly Earnings Results

Littelfuse (NASDAQ:LFUS) announced its quarterly earnings results on Tuesday. The technology company reported $1.76 EPS for the quarter, beating the consensus estimate of $1.75 by $0.01, Briefing.com reports. Littelfuse had a net margin of 10.98% and a return on equity of 12.35%. The firm had revenue of $535.39 million during the quarter, compared to the consensus estimate of $519.08 million. During the same period last year, the firm earned $3.64 EPS. The business’s quarterly revenue was down 12.2% compared to the same quarter last year. Littelfuse updated its Q2 2024 guidance to 1.650-1.850 EPS and its Q2 guidance to $1.65-1.85 EPS.

Littelfuse Trading Up 0.9 %

Littelfuse stock traded up $2.06 during mid-day trading on Wednesday, hitting $232.70. The company’s stock had a trading volume of 131,358 shares, compared to its average volume of 144,512. The company has a debt-to-equity ratio of 0.35, a current ratio of 3.75 and a quick ratio of 2.49. The stock has a market cap of $5.80 billion, a price-to-earnings ratio of 21.71, a price-to-earnings-growth ratio of 2.08 and a beta of 1.34. The business has a 50 day moving average price of $235.02 and a 200-day moving average price of $239.30. Littelfuse has a 12 month low of $212.80 and a 12 month high of $309.94.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. StockNews.com downgraded shares of Littelfuse from a “buy” rating to a “hold” rating in a report on Saturday, March 30th. Jefferies Financial Group assumed coverage on shares of Littelfuse in a report on Tuesday, April 9th. They set a “hold” rating and a $260.00 price objective for the company.

Insiders Place Their Bets

In other Littelfuse news, EVP Ryan K. Stafford sold 1,932 shares of the business’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $243.62, for a total value of $470,673.84. Following the completion of the sale, the executive vice president now directly owns 24,155 shares of the company’s stock, valued at $5,884,641.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Littelfuse news, SVP Maggie Chu sold 1,522 shares of the business’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $240.74, for a total value of $366,406.28. Following 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Ryan K. Stafford sold 1,932 shares of the business’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $243.62, for a total transaction of $470,673.84. Following the transaction, the executive vice president now owns 24,155 shares in the company, valued at approximately $5,884,641.10. The disclosure for this sale can be found here. Insiders sold 4,370 shares of company stock valued at $1,064,413 over the last three months. Insiders own 2.30% of the company’s stock.

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.