Littelfuse (LFUS) Scheduled to Post Earnings on Tuesday

Littelfuse (NASDAQ:LFUS) is scheduled to be releasing its earnings data after the market closes on Tuesday, April 30th. Analysts expect Littelfuse to post earnings of $1.75 per share for the quarter. Littelfuse has set its Q1 2024 guidance at 1.650-1.850 EPS and its Q1 guidance at $1.65-1.85 EPS.Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Littelfuse (NASDAQ:LFUS) last posted its quarterly earnings results on Tuesday, January 30th. The technology company reported $2.02 EPS for the quarter, hitting the consensus estimate of $2.02. The business had revenue of $533.80 million during the quarter, compared to the consensus estimate of $535.76 million. Littelfuse had a net margin of 10.98% and a return on equity of 12.35%. The company’s quarterly revenue was down 12.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.34 earnings per share. On average, analysts expect Littelfuse to post $9 EPS for the current fiscal year and $11 EPS for the next fiscal year.

Littelfuse Stock Performance

NASDAQ:LFUS opened at $231.64 on Friday. The company has a fifty day simple moving average of $235.53 and a two-hundred day simple moving average of $239.31. The company has a market cap of $5.77 billion, a price-to-earnings ratio of 22.40, a price-to-earnings-growth ratio of 2.03 and a beta of 1.34. The company has a quick ratio of 2.49, a current ratio of 3.75 and a debt-to-equity ratio of 0.35. Littelfuse has a 52 week low of $212.80 and a 52 week high of $309.94.

Insiders Place Their Bets

In related news, SVP Maggie Chu sold 1,522 shares of the business’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $240.74, for a total transaction of $366,406.28. Following the completion of the transaction, the senior vice president now owns 3,086 shares in the company, valued at $742,923.64. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, EVP Ryan K. Stafford sold 1,932 shares of the business’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $243.62, for a total value of $470,673.84. Following the completion of the sale, the executive vice president now directly owns 24,155 shares of the company’s stock, valued at $5,884,641.10. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Maggie Chu sold 1,522 shares of the business’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $240.74, for a total transaction of $366,406.28. Following the completion of the sale, the senior vice president now directly owns 3,086 shares of the company’s stock, valued at $742,923.64. The disclosure for this sale can be found here. Insiders sold a total of 4,370 shares of company stock worth $1,064,413 over the last 90 days. Corporate insiders own 2.30% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Jefferies Financial Group assumed coverage on shares of Littelfuse in a research note on Tuesday, April 9th. They issued a “hold” rating and a $260.00 price target for the company. StockNews.com downgraded shares of Littelfuse from a “buy” rating to a “hold” rating in a research note on Saturday, March 30th.

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.