Littelfuse (NASDAQ:LFUS) Releases Quarterly Earnings Results, Beats Estimates By $0.62 EPS

Littelfuse (NASDAQ:LFUS) released its quarterly earnings data on Tuesday. The technology company reported $2.71 earnings per share for the quarter, beating analysts’ consensus estimates of $2.09 by $0.62, Briefing.com reports. Littelfuse had a net margin of 8.88% and a return on equity of 8.49%. The business had revenue of $567.39 million during the quarter, compared to analyst estimates of $557.38 million. During the same period in the previous year, the business earned $2.97 EPS. Littelfuse’s revenue was down 6.5% compared to the same quarter last year. Littelfuse updated its Q4 2024 guidance to 1.900-2.100 EPS and its Q4 guidance to $1.90-2.10 EPS.

Littelfuse Stock Up 2.0 %

LFUS stock opened at $249.44 on Friday. The business’s 50-day moving average price is $257.63 and its 200-day moving average price is $254.73. The stock has a market cap of $6.18 billion, a P/E ratio of 32.06, a PEG ratio of 2.57 and a beta of 1.27. Littelfuse has a twelve month low of $222.91 and a twelve month high of $275.58. The company has a quick ratio of 2.42, a current ratio of 3.55 and a debt-to-equity ratio of 0.31.

Littelfuse Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 21st will be given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date of this dividend is Thursday, November 21st. Littelfuse’s payout ratio is 35.99%.

Insiders Place Their Bets

In other Littelfuse news, SVP Matthew Cole sold 1,436 shares of the company’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $246.02, for a total value of $353,284.72. Following the completion of the transaction, the senior vice president now directly owns 5,522 shares in the company, valued at $1,358,522.44. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, CEO David W. Heinzmann sold 2,091 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $274.65, for a total value of $574,293.15. Following the transaction, the chief executive officer now directly owns 59,654 shares of the company’s stock, valued at approximately $16,383,971.10. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Matthew Cole sold 1,436 shares of the company’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $246.02, for a total value of $353,284.72. Following the completion of the transaction, the senior vice president now owns 5,522 shares of the company’s stock, valued at $1,358,522.44. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 12,242 shares of company stock worth $3,318,974. Company insiders own 2.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Robert W. Baird increased their target price on shares of Littelfuse from $300.00 to $315.00 and gave the stock an “outperform” rating in a research note on Thursday, August 29th. Benchmark reissued a “hold” rating on shares of Littelfuse in a report on Wednesday. Oppenheimer raised shares of Littelfuse from a “market perform” rating to an “outperform” rating and set a $310.00 price target on the stock in a report on Thursday, October 17th. TD Cowen lifted their price objective on shares of Littelfuse from $250.00 to $260.00 and gave the stock a “hold” rating in a report on Thursday, August 1st. Finally, Stifel Nicolaus raised Littelfuse from a “hold” rating to a “buy” rating and increased their target price for the company from $270.00 to $280.00 in a research note on Tuesday, August 13th. Three analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Littelfuse currently has a consensus rating of “Moderate Buy” and an average price target of $285.00.

About Littelfuse

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.