Littelfuse (NASDAQ:LFUS) Issues Q4 2024 Earnings Guidance

Littelfuse (NASDAQ:LFUS) updated its fourth quarter 2024 earnings guidance on Tuesday. The company provided EPS guidance of 1.900-2.100 for the period, compared to the consensus EPS estimate of 2.360. The company issued revenue guidance of $510.0 million-$540.0 million, compared to the consensus revenue estimate of $551.4 million. Littelfuse also updated its Q4 guidance to $1.90-2.10 EPS.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Benchmark reiterated a “hold” rating on shares of Littelfuse in a research note on Wednesday. Stifel Nicolaus upgraded shares of Littelfuse from a “hold” rating to a “buy” rating and upped their price objective for the company from $270.00 to $280.00 in a report on Tuesday, August 13th. TD Cowen upped their price objective on shares of Littelfuse from $250.00 to $260.00 and gave the company a “hold” rating in a report on Thursday, August 1st. StockNews.com upgraded shares of Littelfuse from a “hold” rating to a “buy” rating in a report on Friday, October 18th. Finally, Robert W. Baird upped their price objective on shares of Littelfuse from $300.00 to $315.00 and gave the company an “outperform” rating in a report on Thursday, August 29th. Three research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Littelfuse presently has a consensus rating of “Moderate Buy” and a consensus target price of $285.00.

Littelfuse Stock Performance

NASDAQ LFUS traded down $7.87 during trading hours on Wednesday, reaching $251.27. The stock had a trading volume of 186,186 shares, compared to its average volume of 129,979. The stock has a fifty day moving average of $259.00 and a 200 day moving average of $254.69. The stock has a market cap of $6.23 billion, a P/E ratio of 28.49, a price-to-earnings-growth ratio of 2.60 and a beta of 1.27. Littelfuse has a 52-week low of $213.01 and a 52-week high of $275.58. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.42 and a current ratio of 3.50.

Littelfuse (NASDAQ:LFUS) last issued its earnings results on Tuesday, October 29th. The technology company reported $2.71 EPS for the quarter, beating analysts’ consensus estimates of $2.08 by $0.63. The firm had revenue of $567.39 million for the quarter, compared to analyst estimates of $557.38 million. Littelfuse had a return on equity of 8.91% and a net margin of 8.71%. Littelfuse’s revenue for the quarter was down 6.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.97 earnings per share. Sell-side analysts predict that Littelfuse will post 8.14 earnings per share for the current year.

Insiders Place Their Bets

In other Littelfuse news, CEO David W. Heinzmann sold 8,715 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $274.40, for a total value of $2,391,396.00. Following the sale, the chief executive officer now owns 59,654 shares in the company, valued at approximately $16,369,057.60. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, SVP Matthew Cole sold 1,436 shares of the company’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $246.02, for a total transaction of $353,284.72. Following the completion of the transaction, the senior vice president now directly owns 5,522 shares of the company’s stock, valued at $1,358,522.44. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO David W. Heinzmann sold 8,715 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $274.40, for a total value of $2,391,396.00. Following the transaction, the chief executive officer now directly owns 59,654 shares of the company’s stock, valued at approximately $16,369,057.60. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 12,242 shares of company stock worth $3,318,974. Corporate 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.