$2.10 EPS Expected for Littelfuse, Inc. (LFUS) This Quarter
Analysts predict that Littelfuse, Inc. (NASDAQ:LFUS) will post earnings of $2.10 per share for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for Littelfuse’s earnings. The highest EPS estimate is $2.10 and the lowest is $2.09. Littelfuse posted earnings per share of $1.87 during the same quarter last year, which would indicate a positive year over year growth rate of 12.3%. The company is expected to announce its next earnings results on Thursday, November 2nd.
On average, analysts expect that Littelfuse will report full year earnings of $7.67 per share for the current fiscal year, with EPS estimates ranging from $7.60 to $7.77. For the next financial year, analysts anticipate that the firm will post earnings of $8.39 per share, with EPS estimates ranging from $8.25 to $8.53. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Littelfuse.
Littelfuse (NASDAQ:LFUS) last released its earnings results on Wednesday, August 2nd. The technology company reported $2.10 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $2.10. The company had revenue of $313.36 million during the quarter, compared to analysts’ expectations of $312.97 million. Littelfuse had a return on equity of 19.67% and a net margin of 12.51%. The business’s revenue for the quarter was up 15.2% on a year-over-year basis. During the same period last year, the firm earned $1.44 EPS.
LFUS has been the topic of a number of recent research reports. BidaskClub upgraded shares of Littelfuse from a “strong sell” rating to a “sell” rating in a report on Friday, June 30th. Zacks Investment Research cut shares of Littelfuse from a “buy” rating to a “hold” rating in a report on Friday, June 9th. Finally, Robert W. Baird restated a “positive” rating and issued a $195.00 price objective (up previously from $187.00) on shares of Littelfuse in a report on Wednesday, July 19th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company’s stock. Littelfuse currently has a consensus rating of “Hold” and an average price target of $187.40.
Shares of Littelfuse (LFUS) traded up 0.42% during midday trading on Thursday, hitting $178.26. The company had a trading volume of 71,064 shares. Littelfuse has a one year low of $116.97 and a one year high of $188.60. The stock’s 50-day moving average price is $179.12 and its 200-day moving average price is $165.66. The stock has a market capitalization of $4.05 billion, a price-to-earnings ratio of 28.05 and a beta of 0.96.
Littelfuse announced that its board has approved a share buyback plan on Wednesday, May 3rd that permits the company to buyback 1,000,000 outstanding shares. This buyback authorization permits the technology company to reacquire shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s leadership believes its stock is undervalued.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 7th. Shareholders of record on Thursday, August 24th will be issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date is Tuesday, August 22nd. This is a boost from Littelfuse’s previous quarterly dividend of $0.33. Littelfuse’s dividend payout ratio is 23.34%.
In other news, SVP Matthew Cole sold 150 shares of the stock in a transaction that occurred on Friday, June 9th. The shares were sold at an average price of $169.23, for a total transaction of $25,384.50. Following the sale, the senior vice president now owns 3,985 shares in the company, valued at $674,381.55. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, SVP Dieter Roeder sold 8,490 shares of the stock in a transaction that occurred on Tuesday, May 30th. The shares were sold at an average price of $163.06, for a total transaction of $1,384,379.40. Following the sale, the senior vice president now owns 7,143 shares in the company, valued at approximately $1,164,737.58. The disclosure for this sale can be found here. Corporate insiders own 1.80% of the company’s stock.
Large investors have recently bought and sold shares of the stock. Teachers Advisors LLC boosted its stake in Littelfuse by 14.6% in the fourth quarter. Teachers Advisors LLC now owns 41,044 shares of the technology company’s stock worth $6,229,000 after buying an additional 5,237 shares during the last quarter. Capstone Asset Management Co. boosted its stake in Littelfuse by 8.0% in the first quarter. Capstone Asset Management Co. now owns 2,559 shares of the technology company’s stock worth $409,000 after buying an additional 190 shares during the last quarter. Louisiana State Employees Retirement System boosted its stake in Littelfuse by 1.8% in the first quarter. Louisiana State Employees Retirement System now owns 5,700 shares of the technology company’s stock worth $911,000 after buying an additional 100 shares during the last quarter. Retirement Systems of Alabama boosted its stake in Littelfuse by 0.4% in the first quarter. Retirement Systems of Alabama now owns 29,218 shares of the technology company’s stock worth $4,672,000 after buying an additional 122 shares during the last quarter. Finally, Nationwide Fund Advisors boosted its stake in Littelfuse by 1.0% in the first quarter. Nationwide Fund Advisors now owns 103,886 shares of the technology company’s stock worth $16,612,000 after buying an additional 1,076 shares during the last quarter. Hedge funds and other institutional investors own 96.72% of the company’s stock.
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Littelfuse, Inc is a supplier of circuit protection products for the electronics, automotive and industrial markets. The Company operates through three segments. The Electronics segment provides circuit protection components for overcurrent and overvoltage protection, as well as sensor components and modules to manufacturers of a range of electronic products.
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