Equities research analysts expect that Littelfuse, Inc. (NASDAQ:LFUS) will announce $390.55 million in sales for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for Littelfuse’s earnings, with the highest sales estimate coming in at $391.30 million and the lowest estimate coming in at $389.91 million. Littelfuse posted sales of $285.44 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 36.8%. The company is scheduled to issue its next earnings results on Wednesday, May 2nd.
On average, analysts expect that Littelfuse will report full-year sales of $390.55 million for the current year, with estimates ranging from $1.58 billion to $1.68 billion. For the next year, analysts anticipate that the business will post sales of $1.75 billion per share, with estimates ranging from $1.68 billion to $1.79 billion. Zacks’ sales averages are an average based on a survey of research firms that cover Littelfuse.
Littelfuse (NASDAQ:LFUS) last posted its earnings results on Wednesday, January 31st. The technology company reported $1.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.68 by $0.13. The business had revenue of $304.85 million during the quarter, compared to analysts’ expectations of $299.88 million. Littelfuse had a return on equity of 19.65% and a net margin of 9.78%. Littelfuse’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period in the prior year, the business earned $1.57 EPS.
Several equities analysts have recently weighed in on the stock. BidaskClub raised shares of Littelfuse from a “hold” rating to a “buy” rating in a research note on Friday, February 23rd. Zacks Investment Research raised shares of Littelfuse from a “sell” rating to a “hold” rating in a research note on Wednesday, January 24th. Finally, ValuEngine raised shares of Littelfuse from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Four equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $212.00.
Littelfuse (LFUS) opened at $223.19 on Friday. The firm has a market cap of $5,464.38, a P/E ratio of 42.57, a PEG ratio of 2.15 and a beta of 0.99. Littelfuse has a 52 week low of $149.81 and a 52 week high of $226.33. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.90 and a current ratio of 3.52.
The firm also recently declared a quarterly dividend, which was paid on Thursday, March 8th. Stockholders of record on Thursday, February 22nd were paid a dividend of $0.37 per share. The ex-dividend date of this dividend was Wednesday, February 21st. This represents a $1.48 annualized dividend and a dividend yield of 0.66%. Littelfuse’s dividend payout ratio is currently 28.52%.
In other news, Director Ronald L. Schubel sold 250 shares of the firm’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $210.00, for a total transaction of $52,500.00. Following the completion of the transaction, the director now directly owns 24,567 shares of the company’s stock, valued at approximately $5,159,070. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Ian Highley sold 9,378 shares of the stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $212.50, for a total value of $1,992,825.00. Following the completion of the sale, the senior vice president now directly owns 4,121 shares of the company’s stock, valued at approximately $875,712.50. The disclosure for this sale can be found here. Insiders have sold a total of 71,289 shares of company stock valued at $15,271,800 over the last ninety days. Company insiders own 1.80% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Moody Aldrich Partners LLC boosted its holdings in shares of Littelfuse by 14.8% in the 3rd quarter. Moody Aldrich Partners LLC now owns 9,916 shares of the technology company’s stock valued at $1,942,000 after buying an additional 1,276 shares during the last quarter. Nationwide Fund Advisors boosted its holdings in shares of Littelfuse by 1.9% in the 3rd quarter. Nationwide Fund Advisors now owns 105,823 shares of the technology company’s stock valued at $20,729,000 after buying an additional 2,000 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of Littelfuse by 3.4% in the 3rd quarter. Ameriprise Financial Inc. now owns 99,366 shares of the technology company’s stock valued at $19,465,000 after buying an additional 3,250 shares during the last quarter. California Public Employees Retirement System boosted its holdings in shares of Littelfuse by 7.3% in the 3rd quarter. California Public Employees Retirement System now owns 61,574 shares of the technology company’s stock valued at $12,061,000 after buying an additional 4,174 shares during the last quarter. Finally, Allianz Asset Management GmbH acquired a new stake in shares of Littelfuse in the 3rd quarter valued at approximately $33,900,000. 94.58% of the stock is owned by institutional investors.
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Littelfuse Company Profile
Littelfuse, Inc is a supplier of circuit protection products for the electronics, automotive and industrial markets. The Company operates through three segments. The Electronics segment provides circuit protection components for overcurrent and overvoltage protection, as well as sensor components and modules to manufacturers of a range of electronic products.
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