Brokerages predict that Littelfuse, Inc. (NASDAQ:LFUS) will report sales of $415.16 million for the current fiscal quarter, Zacks reports. Five analysts have issued estimates for Littelfuse’s earnings. The lowest sales estimate is $409.77 million and the highest is $419.48 million. Littelfuse reported sales of $459.18 million in the same quarter last year, which indicates a negative year-over-year growth rate of 9.6%. The business is scheduled to announce its next earnings report on Wednesday, August 7th.
According to Zacks, analysts expect that Littelfuse will report full-year sales of $1.66 billion for the current financial year, with estimates ranging from $1.65 billion to $1.68 billion. For the next fiscal year, analysts forecast that the firm will report sales of $1.75 billion, with estimates ranging from $1.71 billion to $1.79 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover Littelfuse.
Littelfuse (NASDAQ:LFUS) last released its earnings results on Wednesday, May 1st. The technology company reported $1.96 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.92 by $0.04. Littelfuse had a net margin of 9.70% and a return on equity of 15.27%. The business had revenue of $405.50 million during the quarter, compared to analyst estimates of $407.53 million. During the same quarter in the prior year, the firm earned $2.39 earnings per share. The company’s revenue for the quarter was down 2.9% compared to the same quarter last year.
In related news, SVP Ian Highley sold 1,000 shares of the company’s stock in a transaction dated Monday, February 25th. The shares were sold at an average price of $195.98, for a total value of $195,980.00. Following the completion of the sale, the senior vice president now owns 3,701 shares of the company’s stock, valued at $725,321.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Nathan Zommer sold 7,500 shares of the company’s stock in a transaction dated Tuesday, April 16th. The shares were sold at an average price of $200.00, for a total transaction of $1,500,000.00. Following the completion of the sale, the director now directly owns 393,286 shares of the company’s stock, valued at approximately $78,657,200. The disclosure for this sale can be found here. Insiders sold 13,747 shares of company stock valued at $2,689,372 in the last three months. 3.50% of the stock is currently owned by insiders.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Oakbrook Investments LLC lifted its position in Littelfuse by 63.2% in the fourth quarter. Oakbrook Investments LLC now owns 2,775 shares of the technology company’s stock valued at $476,000 after buying an additional 1,075 shares during the last quarter. Channing Capital Management LLC lifted its position in Littelfuse by 5.2% in the fourth quarter. Channing Capital Management LLC now owns 233,875 shares of the technology company’s stock valued at $40,105,000 after buying an additional 11,599 shares during the last quarter. Vaughan Nelson Investment Management L.P. lifted its position in Littelfuse by 60.6% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 288,050 shares of the technology company’s stock valued at $49,395,000 after buying an additional 108,670 shares during the last quarter. Advisors Capital Management LLC acquired a new position in Littelfuse in the fourth quarter valued at about $336,000. Finally, Oppenheimer Asset Management Inc. lifted its position in Littelfuse by 5.0% in the first quarter. Oppenheimer Asset Management Inc. now owns 14,517 shares of the technology company’s stock valued at $2,650,000 after buying an additional 685 shares during the last quarter. 98.96% of the stock is owned by hedge funds and other institutional investors.
Shares of Littelfuse stock traded up $0.47 during trading hours on Friday, reaching $167.59. 130,400 shares of the company’s stock were exchanged, compared to its average volume of 156,771. Littelfuse has a 1 year low of $155.15 and a 1 year high of $238.10. The firm has a market capitalization of $4.13 billion, a price-to-earnings ratio of 17.75, a PEG ratio of 1.63 and a beta of 0.94. The company has a quick ratio of 2.85, a current ratio of 3.82 and a debt-to-equity ratio of 0.45.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 6th. Investors of record on Thursday, May 23rd will be issued a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date is Wednesday, May 22nd. Littelfuse’s dividend payout ratio is currently 18.22%.
Littelfuse Company Profile
Littelfuse, Inc designs, manufactures, and sells circuit protection, power control, and sensing products worldwide. The company's Electronics segment offers fuses and fuse accessories, positive temperature coefficient resettable fuses, polymer electrostatic discharge suppressors, varistors, magnetic sensing products, and gas discharge tubes; and 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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