Q3 2017 EPS Estimates for Littelfuse Inc. Lowered by Barrington Research (LFUS)
Littelfuse Inc. (NASDAQ:LFUS) – Equities researchers at Barrington Research cut their Q3 2017 earnings per share (EPS) estimates for shares of Littelfuse in a research note issued to investors on Wednesday. Barrington Research analyst G. Prestopino now forecasts that the firm will post earnings of $1.97 per share for the quarter, down from their previous forecast of $2.07. Barrington Research also issued estimates for Littelfuse’s Q4 2017 earnings at $1.58 EPS and FY2017 earnings at $6.94 EPS.
Littelfuse (NASDAQ:LFUS) last released its earnings results on Thursday, November 3rd. The company reported $1.87 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.87. The business had revenue of $280.30 million for the quarter, compared to analyst estimates of $131.81 million. Littelfuse had a net margin of 10.05% and a return on equity of 17.27%. Littelfuse’s revenue for the quarter was up 30.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.43 earnings per share.
A number of other brokerages have also commented on LFUS. Oppenheimer Holdings Inc. reissued an “outperform” rating and issued a $155.00 price target (up previously from $145.00) on shares of Littelfuse in a report on Tuesday, November 1st. Zacks Investment Research raised shares of Littelfuse from a “hold” rating to a “buy” rating and set a $144.00 price target on the stock in a report on Thursday, October 13th. Finally, Robert W. Baird increased their price target on shares of Littelfuse from $128.00 to $132.00 and gave the stock an “outperform” rating in a report on Friday, August 26th.
Littelfuse (NASDAQ:LFUS) opened at 149.20 on Friday. The company has a 50-day moving average of $132.18 and a 200 day moving average of $122.27. The firm has a market cap of $3.38 billion, a price-to-earnings ratio of 33.90 and a beta of 1.11. Littelfuse has a 12-month low of $90.61 and a 12-month high of $149.22.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 8th. Investors of record on Wednesday, November 23rd will be issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 0.88%. The ex-dividend date of this dividend is Monday, November 21st. Littelfuse’s dividend payout ratio is currently 30.00%.
In related news, insider Mary S. Muchoney sold 1,996 shares of the stock in a transaction on Monday, August 29th. The shares were sold at an average price of $126.75, for a total transaction of $252,993.00. Following the transaction, the insider now owns 3,893 shares of the company’s stock, valued at approximately $493,437.75. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Deepak Nayar sold 8,011 shares of the stock in a transaction on Tuesday, October 25th. The shares were sold at an average price of $135.05, for a total transaction of $1,081,885.55. Following the transaction, the vice president now directly owns 8,784 shares in the company, valued at approximately $1,186,279.20. The disclosure for this sale can be found here. Corporate insiders own 2.40% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in LFUS. Morgan Stanley raised its position in Littelfuse by 64.7% in the third quarter. Morgan Stanley now owns 14,002 shares of the company’s stock valued at $1,803,000 after buying an additional 5,502 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of Littelfuse by 8.3% in the third quarter. Principal Financial Group Inc. now owns 297,524 shares of the company’s stock worth $38,324,000 after buying an additional 22,928 shares during the period. Tiverton Asset Management LLC raised its stake in shares of Littelfuse by 3.5% in the third quarter. Tiverton Asset Management LLC now owns 49,489 shares of the company’s stock worth $6,375,000 after buying an additional 1,686 shares during the period. California State Teachers Retirement System raised its stake in shares of Littelfuse by 0.9% in the third quarter. California State Teachers Retirement System now owns 46,925 shares of the company’s stock worth $6,044,000 after buying an additional 400 shares during the period. Finally, Alpine Woods Capital Investors LLC purchased a new stake in shares of Littelfuse during the third quarter worth about $386,000. 99.35% of the stock is currently owned by institutional investors.
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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