FY2016 EPS Estimates for Littelfuse Inc. Raised by Barrington Research (LFUS)
Littelfuse Inc. (NASDAQ:LFUS) – Equities research analysts at Barrington Research upped their FY2016 EPS estimates for Littelfuse in a research note issued on Wednesday. Barrington Research analyst G. Prestopino now anticipates that the brokerage will earn $6.20 per share for the year, up from their prior forecast of $6.14. Barrington Research also issued estimates for Littelfuse’s Q4 2016 earnings at $1.51 EPS, Q1 2017 earnings at $1.63 EPS and Q2 2017 earnings at $1.76 EPS.
LFUS has been the topic of several other reports. Oppenheimer Holdings Inc. boosted their price target on shares of Littelfuse from $138.00 to $145.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 13th. Robert W. Baird boosted their price target on shares of Littelfuse from $128.00 to $132.00 and gave the stock an “outperform” rating in a research report on Friday, August 26th. Finally, Zacks Investment Research upgraded shares of Littelfuse from a “hold” rating to a “buy” rating and set a $144.00 price target on the stock in a research report on Thursday, October 13th.
Littelfuse (NASDAQ:LFUS) opened at 145.61 on Thursday. Littelfuse has a 12-month low of $90.61 and a 12-month high of $147.45. The stock has a market cap of $3.30 billion, a price-to-earnings ratio of 33.09 and a beta of 1.11. The company has a 50-day moving average of $131.65 and a 200 day moving average of $122.05.
Littelfuse (NASDAQ:LFUS) last posted its quarterly earnings results on Thursday, November 3rd. The company reported $1.87 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.87. Littelfuse had a net margin of 10.05% and a return on equity of 17.27%. The firm had revenue of $280.30 million for the quarter, compared to analyst estimates of $131.81 million. During the same quarter last year, the firm posted $1.43 earnings per share. Littelfuse’s revenue for the quarter was up 30.1% compared to the same quarter last year.
A number of institutional investors have recently modified their holdings of the company. TimesSquare Capital Management LLC boosted its position in Littelfuse by 3.6% in the second quarter. TimesSquare Capital Management LLC now owns 460,300 shares of the company’s stock valued at $54,403,000 after buying an additional 16,200 shares during the period. Renaissance Technologies LLC boosted its position in Littelfuse by 31.1% in the first quarter. Renaissance Technologies LLC now owns 281,292 shares of the company’s stock valued at $34,630,000 after buying an additional 66,800 shares during the period. State Street Corp boosted its position in Littelfuse by 0.6% in the first quarter. State Street Corp now owns 469,548 shares of the company’s stock valued at $57,806,000 after buying an additional 2,709 shares during the period. Eagle Asset Management Inc. boosted its position in Littelfuse by 18.8% in the second quarter. Eagle Asset Management Inc. now owns 140,174 shares of the company’s stock valued at $16,567,000 after buying an additional 22,185 shares during the period. Finally, RS Investment Management Co. LLC boosted its position in Littelfuse by 11.2% in the second quarter. RS Investment Management Co. LLC now owns 515,596 shares of the company’s stock valued at $60,938,000 after buying an additional 51,813 shares during the period. 99.35% of the stock is currently owned by hedge funds and other institutional investors.
In related news, VP Deepak Nayar sold 4,237 shares of Littelfuse stock in a transaction dated Monday, August 29th. The stock was sold at an average price of $126.67, for a total value of $536,700.79. Following the transaction, the vice president now owns 10,137 shares of the company’s stock, valued at approximately $1,284,053.79. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Ian Highley sold 1,313 shares of Littelfuse stock in a transaction dated Thursday, September 1st. The stock was sold at an average price of $127.07, for a total value of $166,842.91. Following the completion of the transaction, the senior vice president now directly owns 5,628 shares in the company, valued at approximately $715,149.96. The disclosure for this sale can be found here. 2.40% of the stock is owned by corporate insiders.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 8th. Investors of record on Wednesday, November 23rd will be paid a $0.33 dividend. The ex-dividend date is Monday, November 21st. This represents a $1.32 dividend on an annualized basis and a yield of 0.91%. Littelfuse’s dividend payout ratio is currently 30.00%.
Littelfuse Company Profile
Littelfuse, Inc is a supplier of circuit protection products for the electronics, automotive and electrical industries. The Company operates through three segments: Electronics, Automotive and Industrial. Its Electronics segment provides circuit protection components to manufacturers of a range of electronic products, including mobile phones, computers, liquid-crystal-display televisions, telecommunications equipment, medical devices, lighting products and white goods.
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