Zacks: Brokerages Expect Littelfuse, Inc. (NASDAQ:LFUS) Will Post Earnings of $1.14 Per Share

Brokerages forecast that Littelfuse, Inc. (NASDAQ:LFUS) will report earnings per share of $1.14 for the current fiscal quarter, according to Zacks Investment Research. Six analysts have issued estimates for Littelfuse’s earnings. The highest EPS estimate is $1.16 and the lowest is $1.10. Littelfuse posted earnings per share of $1.87 during the same quarter last year, which suggests a negative year over year growth rate of 39%. The business is scheduled to issue its next quarterly earnings results on Wednesday, January 29th.

According to Zacks, analysts expect that Littelfuse will report full year earnings of $6.80 per share for the current year, with EPS estimates ranging from $6.76 to $6.82. For the next fiscal year, analysts forecast that the company will report earnings of $6.75 per share, with EPS estimates ranging from $6.20 to $7.30. Zacks’ earnings per share calculations are an average based on a survey of analysts that follow Littelfuse.

Littelfuse (NASDAQ:LFUS) last posted its quarterly earnings results on Wednesday, October 30th. The technology company reported $1.78 EPS for the quarter, beating the consensus estimate of $1.55 by $0.23. Littelfuse had a return on equity of 12.62% and a net margin of 9.51%. The firm had revenue of $362.00 million during the quarter, compared to analysts’ expectations of $372.14 million. During the same quarter last year, the firm earned $2.49 earnings per share. The business’s revenue for the quarter was down 17.6% on a year-over-year basis.

A number of brokerages have issued reports on LFUS. Oppenheimer downgraded Littelfuse from an “outperform” rating to a “market perform” rating in a research note on Thursday, October 31st. ValuEngine upgraded Littelfuse from a “hold” rating to a “buy” rating in a report on Friday, November 1st. BidaskClub cut shares of Littelfuse from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, December 4th. Jefferies Financial Group started coverage on shares of Littelfuse in a report on Thursday, October 3rd. They issued a “buy” rating and a $215.00 price objective for the company. Finally, Cowen reduced their target price on shares of Littelfuse from $200.00 to $195.00 and set an “outperform” rating on the stock in a research note on Thursday, October 31st. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $201.00.

NASDAQ LFUS opened at $184.55 on Friday. The stock’s fifty day moving average is $182.81 and its two-hundred day moving average is $173.54. The firm has a market capitalization of $4.50 billion, a P/E ratio of 19.55, a price-to-earnings-growth ratio of 2.47 and a beta of 1.06. The company has a debt-to-equity ratio of 0.47, a quick ratio of 3.09 and a current ratio of 4.05. Littelfuse has a fifty-two week low of $149.80 and a fifty-two week high of $206.00.

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Thursday, November 21st were given a $0.48 dividend. The ex-dividend date was Wednesday, November 20th. This represents a $1.92 dividend on an annualized basis and a yield of 1.04%. Littelfuse’s dividend payout ratio is currently 20.34%.

In other news, Director John E. Major sold 392 shares of the company’s stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $182.40, for a total value of $71,500.80. Following the transaction, the director now directly owns 25,086 shares in the company, valued at approximately $4,575,686.40. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Deepak Nayar sold 2,264 shares of the company’s stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $183.96, for a total transaction of $416,485.44. Following the completion of the transaction, the senior vice president now owns 5,766 shares in the company, valued at $1,060,713.36. The disclosure for this sale can be found here. In the last ninety days, insiders sold 5,385 shares of company stock worth $982,838. Corporate insiders own 3.50% of the company’s stock.

Institutional investors have recently bought and sold shares of the stock. Invesco Ltd. raised its holdings in shares of Littelfuse by 122.1% in the 2nd quarter. Invesco Ltd. now owns 731,795 shares of the technology company’s stock valued at $129,461,000 after buying an additional 402,242 shares during the period. Nuveen Asset Management LLC acquired a new stake in Littelfuse during the 2nd quarter worth approximately $22,865,000. Massachusetts Financial Services Co. MA lifted its holdings in Littelfuse by 29.7% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 548,110 shares of the technology company’s stock worth $97,185,000 after buying an additional 125,376 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in Littelfuse by 20.9% during the 2nd quarter. Victory Capital Management Inc. now owns 666,347 shares of the technology company’s stock worth $117,883,000 after buying an additional 115,250 shares in the last quarter. Finally, Impax Asset Management Group plc boosted its position in Littelfuse by 68.7% in the 2nd quarter. Impax Asset Management Group plc now owns 205,643 shares of the technology company’s stock valued at $36,380,000 after buying an additional 83,757 shares during the period. Hedge funds and other institutional investors own 96.97% of the company’s stock.

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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Earnings History and Estimates for Littelfuse (NASDAQ:LFUS)

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