Analysts Anticipate Littelfuse, Inc. (NASDAQ:LFUS) to Announce $1.14 Earnings Per Share
Analysts forecast that Littelfuse, Inc. (NASDAQ:LFUS) will report $1.14 earnings per share for the current quarter, Zacks reports. Six analysts have made estimates for Littelfuse’s earnings, with the highest EPS estimate coming in at $1.16 and the lowest estimate coming in at $1.10. Littelfuse reported earnings per share of $1.87 during the same quarter last year, which suggests a negative year-over-year growth rate of 39%. The firm is scheduled to report its next quarterly earnings results on Wednesday, January 29th.
On average, analysts expect that Littelfuse will report full year earnings of $6.80 per share for the current financial year, with EPS estimates ranging from $6.76 to $6.82. For the next financial year, analysts forecast that the firm will post earnings of $6.75 per share, with EPS estimates ranging from $6.20 to $7.30. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that follow Littelfuse.
Littelfuse (NASDAQ:LFUS) last issued its quarterly earnings data on Wednesday, October 30th. The technology company reported $1.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.55 by $0.23. The company had revenue of $362.00 million for the quarter, compared to analyst estimates of $372.14 million. Littelfuse had a return on equity of 12.62% and a net margin of 9.51%. The business’s quarterly revenue was down 17.6% compared to the same quarter last year. During the same quarter last year, the company posted $2.49 earnings per share.
Shares of LFUS traded down $0.07 during mid-day trading on Friday, hitting $188.41. 94,664 shares of the company’s stock were exchanged, compared to its average volume of 157,212. Littelfuse has a fifty-two week low of $149.80 and a fifty-two week high of $206.00. The firm has a market capitalization of $4.59 billion, a P/E ratio of 19.96, a P/E/G ratio of 2.49 and a beta of 1.06. The business’s 50 day moving average is $182.48 and its two-hundred day moving average is $174.12. The company has a current ratio of 4.05, a quick ratio of 3.09 and a debt-to-equity ratio of 0.47.
The firm also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Thursday, November 21st were paid a dividend of $0.48 per share. The ex-dividend date of this dividend was Wednesday, November 20th. This represents a $1.92 annualized dividend and a dividend yield of 1.02%. Littelfuse’s dividend payout ratio (DPR) is 20.34%.
In related news, Director John E. Major sold 392 shares of the firm’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $182.40, for a total value of $71,500.80. Following the completion of the sale, the director now owns 25,086 shares in the company, valued at $4,575,686.40. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Nathan Zommer sold 152 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $185.53, for a total transaction of $28,200.56. Following the completion of the sale, the director now owns 393,670 shares of the company’s stock, valued at approximately $73,037,595.10. The disclosure for this sale can be found here. Insiders have sold 5,537 shares of company stock valued at $1,011,039 in the last quarter. Insiders own 3.50% of the company’s stock.
A number of large investors have recently made changes to their positions in LFUS. FMR LLC lifted its position in Littelfuse by 12,836.6% in the first quarter. FMR LLC now owns 26,520 shares of the technology company’s stock valued at $4,839,000 after purchasing an additional 26,315 shares during the period. Amundi Pioneer Asset Management Inc. lifted its position in Littelfuse by 8.7% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 25,995 shares of the technology company’s stock valued at $4,743,000 after purchasing an additional 2,085 shares during the period. Arizona State Retirement System lifted its position in Littelfuse by 1.2% in the second quarter. Arizona State Retirement System now owns 17,946 shares of the technology company’s stock valued at $3,175,000 after purchasing an additional 206 shares during the period. Sumitomo Life Insurance Co. lifted its position in Littelfuse by 2.2% in the second quarter. Sumitomo Life Insurance Co. now owns 5,003 shares of the technology company’s stock valued at $885,000 after purchasing an additional 107 shares during the period. Finally, First Bank & Trust lifted its position in Littelfuse by 9.0% in the second quarter. First Bank & Trust now owns 1,014 shares of the technology company’s stock valued at $179,000 after purchasing an additional 84 shares during the period. Hedge funds and other institutional investors own 96.97% of the company’s stock.
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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