Wall Street brokerages expect that Littelfuse, Inc. (NASDAQ:LFUS) will report $367.55 million in sales for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for Littelfuse’s earnings. The highest sales estimate is $371.77 million and the lowest is $362.33 million. Littelfuse posted sales of $439.19 million during the same quarter last year, which suggests a negative year over year growth rate of 16.3%. The company is expected to report its next earnings results on Wednesday, October 30th.

According to Zacks, analysts expect that Littelfuse will report full-year sales of $1.52 billion for the current fiscal year, with estimates ranging from $1.51 billion to $1.54 billion. For the next year, analysts anticipate that the company will report sales of $1.56 billion, with estimates ranging from $1.47 billion to $1.59 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms that follow Littelfuse.

Littelfuse (NASDAQ:LFUS) last released its quarterly earnings results on Wednesday, July 31st. The technology company reported $1.91 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $1.91. The business had revenue of $397.00 million during the quarter, compared to the consensus estimate of $397.98 million. Littelfuse had a return on equity of 13.82% and a net margin of 10.15%. The business’s quarterly revenue was down 13.5% compared to the same quarter last year. During the same period in the previous year, the company posted $2.68 EPS.

A number of research analysts recently commented on LFUS shares. Oppenheimer lowered their price target on Littelfuse from $215.00 to $210.00 and set an “outperform” rating on the stock in a report on Thursday, May 2nd. ValuEngine cut Littelfuse from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Robert W. Baird cut Littelfuse from an “outperform” rating to a “neutral” rating and decreased their price objective for the stock from $193.00 to $171.00 in a report on Thursday, August 1st. BidaskClub raised Littelfuse from a “sell” rating to a “hold” rating in a research report on Friday, July 19th. Finally, Cowen reaffirmed an “outperform” rating and issued a $200.00 price objective (down previously from $210.00) on shares of Littelfuse in a research report on Thursday, August 1st. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $207.33.

Shares of NASDAQ:LFUS traded up $0.39 during mid-day trading on Friday, reaching $159.33. 117,808 shares of the company traded hands, compared to its average volume of 170,773. The company’s 50 day moving average price is $168.71 and its 200-day moving average price is $179.78. The firm has a market cap of $3.85 billion, a PE ratio of 16.88, a PEG ratio of 1.93 and a beta of 1.07. The company has a debt-to-equity ratio of 0.46, a current ratio of 3.90 and a quick ratio of 2.95. Littelfuse has a 52 week low of $149.80 and a 52 week high of $228.94.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 5th. Investors of record on Thursday, August 22nd will be paid a dividend of $0.48 per share. This is a boost from Littelfuse’s previous quarterly dividend of $0.43. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date of this dividend is Wednesday, August 21st. Littelfuse’s dividend payout ratio is 18.22%.

In related news, SVP Ian Highley sold 986 shares of the company’s stock in a transaction on Wednesday, May 29th. The stock was sold at an average price of $165.79, for a total transaction of $163,468.94. Following the completion of the sale, the senior vice president now directly owns 1,839 shares in the company, valued at approximately $304,887.81. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 3.50% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the business. Cresset Asset Management LLC grew its holdings in Littelfuse by 273.0% during the second quarter. Cresset Asset Management LLC now owns 1,257 shares of the technology company’s stock worth $222,000 after acquiring an additional 920 shares during the period. Royal Bank of Canada grew its holdings in Littelfuse by 2.2% during the second quarter. Royal Bank of Canada now owns 84,117 shares of the technology company’s stock worth $14,881,000 after acquiring an additional 1,790 shares during the period. DF Dent & Co. Inc. grew its holdings in Littelfuse by 64.1% during the second quarter. DF Dent & Co. Inc. now owns 21,037 shares of the technology company’s stock worth $3,722,000 after acquiring an additional 8,217 shares during the period. Stonebridge Capital Advisors LLC acquired a new stake in Littelfuse during the second quarter worth about $106,000. Finally, Doyle Wealth Management acquired a new stake in Littelfuse during the second quarter worth about $35,000. Institutional investors own 98.86% of the company’s stock.

About Littelfuse

Littelfuse, Inc designs, manufactures, and sells circuit protection, power control, and sensing products worldwide. The company's Electronics segment offers fuses and fuse accessories, positive temperature coefficient resettable fuses, polymer electrostatic discharge suppressors, varistors, magnetic sensing products, and gas discharge tubes; and discrete transient voltage suppressor (TVS) diodes, TVS diode arrays, protection and switching thyristors, silicon carbide, metal-oxide-semiconductor field-effect transistors, and silicon carbide diodes, as well as insulated gate bipolar transistors.

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Earnings History and Estimates for Littelfuse (NASDAQ:LFUS)

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