Littelfuse, Inc. (NASDAQ:LFUS) Expected to Post Earnings of $1.17 Per Share

Brokerages forecast that Littelfuse, Inc. (NASDAQ:LFUS) will report $1.17 earnings per share (EPS) for the current quarter, according to Zacks. Six analysts have made estimates for Littelfuse’s earnings, with the lowest EPS estimate coming in at $1.12 and the highest estimate coming in at $1.25. Littelfuse posted earnings per share of $1.87 during the same quarter last year, which would suggest a negative year-over-year growth rate of 37.4%. The company is scheduled to report its next quarterly earnings report before the market opens on Wednesday, January 29th.

According to Zacks, analysts expect that Littelfuse will report full year earnings of $6.83 per share for the current fiscal year, with EPS estimates ranging from $6.78 to $6.91. For the next year, analysts expect that the business will report earnings of $6.85 per share, with EPS estimates ranging from $6.20 to $7.30. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that follow Littelfuse.

Littelfuse (NASDAQ:LFUS) last announced its earnings results on Wednesday, October 30th. The technology company reported $1.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.55 by $0.23. The company had revenue of $362.00 million for the quarter, compared to analyst estimates of $372.14 million. Littelfuse had a return on equity of 12.62% and a net margin of 9.51%. Littelfuse’s revenue for the quarter was down 17.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.49 earnings per share.

LFUS has been the subject of several research analyst reports. Cross Research downgraded shares of Littelfuse from a “hold” rating to a “sell” rating in a report on Tuesday. CL King upped their price target on shares of Littelfuse from $199.00 to $207.00 and gave the stock a “buy” rating in a report on Thursday, December 26th. Zacks Investment Research upgraded shares of Littelfuse from a “hold” rating to a “strong-buy” rating and set a $221.00 price target for the company in a report on Friday. Oppenheimer downgraded shares of Littelfuse from an “outperform” rating to a “market perform” rating in a report on Thursday, October 31st. Finally, Jefferies Financial Group initiated coverage on shares of Littelfuse in a report on Thursday, October 3rd. They set a “buy” rating and a $215.00 price target for the company. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $202.71.

In other Littelfuse news, Director Nathan Zommer sold 52,675 shares of the firm’s stock in a transaction dated Thursday, December 19th. The shares were sold at an average price of $189.85, for a total transaction of $10,000,348.75. Following the transaction, the director now owns 340,995 shares of the company’s stock, valued at approximately $64,737,900.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Michael P. Rutz sold 200 shares of the firm’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $183.81, for a total transaction of $36,762.00. Following the transaction, the senior vice president now directly owns 6,446 shares in the company, valued at approximately $1,184,839.26. The disclosure for this sale can be found here. Insiders have sold a total of 72,991 shares of company stock valued at $13,890,241 over the last ninety days. 3.50% of the stock is currently owned by insiders.

Large investors have recently added to or reduced their stakes in the company. FMR LLC lifted its holdings in shares of Littelfuse by 12,836.6% during the 1st quarter. FMR LLC now owns 26,520 shares of the technology company’s stock worth $4,839,000 after acquiring an additional 26,315 shares during the last quarter. Amundi Pioneer Asset Management Inc. increased its position in shares of Littelfuse by 8.7% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 25,995 shares of the technology company’s stock valued at $4,743,000 after buying an additional 2,085 shares during the period. Penn Capital Management Co. Inc. purchased a new position in shares of Littelfuse during the second quarter valued at about $6,864,000. LPL Financial LLC increased its position in shares of Littelfuse by 79.4% during the second quarter. LPL Financial LLC now owns 3,157 shares of the technology company’s stock valued at $561,000 after buying an additional 1,397 shares during the period. Finally, HighTower Advisors LLC increased its position in shares of Littelfuse by 6.4% during the second quarter. HighTower Advisors LLC now owns 3,837 shares of the technology company’s stock valued at $672,000 after buying an additional 232 shares during the period. Institutional investors and hedge funds own 96.96% of the company’s stock.

LFUS traded down $1.47 during trading on Tuesday, hitting $190.54. 3,477 shares of the stock traded hands, compared to its average volume of 90,963. Littelfuse has a twelve month low of $149.80 and a twelve month high of $206.00. The company has a market cap of $4.67 billion, a price-to-earnings ratio of 31.95, a PEG ratio of 2.58 and a beta of 1.07. The company has a debt-to-equity ratio of 0.47, a current ratio of 4.05 and a quick ratio of 3.09. The business has a 50 day moving average price of $190.03 and a 200 day moving average price of $177.98.

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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