Brokerages expect Littelfuse, Inc. (NASDAQ:LFUS) to post $457.85 million in sales for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Littelfuse’s earnings. The highest sales estimate is $460.00 million and the lowest is $455.93 million. Littelfuse reported sales of $313.36 million during the same quarter last year, which would suggest a positive year over year growth rate of 46.1%. The business is expected to announce its next quarterly earnings report on Wednesday, August 1st.
According to Zacks, analysts expect that Littelfuse will report full-year sales of $1.76 billion for the current financial year, with estimates ranging from $1.73 billion to $1.80 billion. For the next year, analysts expect that the company will post sales of $1.86 billion per share, with estimates ranging from $1.83 billion to $1.90 billion. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that follow Littelfuse.
Littelfuse (NASDAQ:LFUS) last released its earnings results on Wednesday, May 2nd. The technology company reported $2.39 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.81 by $0.58. The company had revenue of $417.81 million during the quarter, compared to the consensus estimate of $391.22 million. Littelfuse had a net margin of 8.62% and a return on equity of 18.83%. The company’s revenue was up 46.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.69 EPS.
Several equities research analysts have recently weighed in on LFUS shares. BidaskClub raised shares of Littelfuse from a “buy” rating to a “strong-buy” rating in a research report on Thursday, March 15th. Zacks Investment Research raised shares of Littelfuse from a “hold” rating to a “buy” rating and set a $236.00 target price for the company in a research report on Thursday, April 19th. Finally, ValuEngine raised shares of Littelfuse from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $212.75.
In other news, VP Meenal Sethna sold 3,440 shares of Littelfuse stock in a transaction dated Wednesday, May 30th. The shares were sold at an average price of $220.00, for a total value of $756,800.00. Following the completion of the transaction, the vice president now directly owns 14,492 shares of the company’s stock, valued at approximately $3,188,240. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Michael P. Rutz sold 2,417 shares of Littelfuse stock in a transaction dated Friday, March 9th. The shares were sold at an average price of $215.01, for a total transaction of $519,679.17. The disclosure for this sale can be found here. Insiders sold a total of 37,903 shares of company stock valued at $8,273,744 over the last ninety days. Company insiders own 3.80% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Dundas Partners LLP acquired a new position in shares of Littelfuse in the 1st quarter valued at about $7,994,000. Principal Financial Group Inc. boosted its holdings in shares of Littelfuse by 9.0% in the 1st quarter. Principal Financial Group Inc. now owns 510,370 shares of the technology company’s stock valued at $106,250,000 after buying an additional 42,080 shares during the period. Summit Trail Advisors LLC boosted its holdings in shares of Littelfuse by 12,458.6% in the 1st quarter. Summit Trail Advisors LLC now owns 126,088 shares of the technology company’s stock valued at $126,000 after buying an additional 125,084 shares during the period. Xact Kapitalforvaltning AB boosted its holdings in shares of Littelfuse by 46.2% in the 1st quarter. Xact Kapitalforvaltning AB now owns 3,165 shares of the technology company’s stock valued at $659,000 after buying an additional 1,000 shares during the period. Finally, Royal Bank of Canada boosted its holdings in shares of Littelfuse by 18.6% in the 1st quarter. Royal Bank of Canada now owns 74,269 shares of the technology company’s stock valued at $15,462,000 after buying an additional 11,623 shares during the period. 98.63% of the stock is owned by institutional investors and hedge funds.
Shares of LFUS traded up $1.71 during midday trading on Monday, hitting $224.87. The company had a trading volume of 14,135 shares, compared to its average volume of 147,705. The company has a market capitalization of $5.49 billion, a P/E ratio of 28.81, a PEG ratio of 1.92 and a beta of 1.03. Littelfuse has a 52 week low of $157.91 and a 52 week high of $226.33. The company has a debt-to-equity ratio of 0.52, a quick ratio of 2.68 and a current ratio of 3.68.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 7th. Stockholders of record on Thursday, May 24th will be issued a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 0.66%. The ex-dividend date is Wednesday, May 23rd. Littelfuse’s dividend payout ratio (DPR) is presently 19.12%.
Littelfuse, Inc designs, manufactures, and sells circuit protection products worldwide. The company's Electronics segment offers fuses and fuse accessories, positive temperature coefficient resettable fuses, polymer electrostatic discharge suppressors, varistors, and gas discharge tubes; and semiconductor and power semiconductor products, such as 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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