Littelfuse (LFUS) Set to Announce Earnings on Tuesday

Littelfuse (NASDAQ:LFUS) will be releasing its earnings data after the market closes on Tuesday, April 30th. Analysts expect Littelfuse to post earnings of $1.75 per share for the quarter. Littelfuse has set its Q1 2024 guidance at 1.650-1.850 EPS and its Q1 guidance at $1.65-1.85 EPS.Persons that wish to listen to the company’s earnings conference call can do so using this link.

Littelfuse (NASDAQ:LFUS) last released its quarterly earnings data on Tuesday, January 30th. The technology company reported $2.02 earnings per share (EPS) for the quarter, hitting the consensus estimate of $2.02. Littelfuse had a return on equity of 12.35% and a net margin of 10.98%. The firm had revenue of $533.80 million during the quarter, compared to analyst estimates of $535.76 million. During the same period in the prior year, the company posted $3.34 earnings per share. The business’s revenue for the quarter was down 12.9% compared to the same quarter last year. On average, analysts expect Littelfuse to post $9 EPS for the current fiscal year and $11 EPS for the next fiscal year.

Littelfuse Stock Performance

Littelfuse stock opened at $231.64 on Monday. The company has a debt-to-equity ratio of 0.35, a current ratio of 3.75 and a quick ratio of 2.49. The stock has a fifty day moving average price of $235.53 and a two-hundred day moving average price of $239.30. Littelfuse has a 52-week low of $212.80 and a 52-week high of $309.94. The firm has a market capitalization of $5.77 billion, a P/E ratio of 22.40, a P/E/G ratio of 2.04 and a beta of 1.34.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Jefferies Financial Group assumed coverage on Littelfuse in a research note on Tuesday, April 9th. They set a “hold” rating and a $260.00 price objective for the company. StockNews.com lowered Littelfuse from a “buy” rating to a “hold” rating in a research note on Saturday, March 30th.

Insider Activity

In other news, EVP Ryan K. Stafford sold 1,932 shares of the firm’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $243.62, for a total value of $470,673.84. Following the completion of the sale, the executive vice president now directly owns 24,155 shares in the company, valued at $5,884,641.10. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other news, EVP Ryan K. Stafford sold 1,932 shares of the firm’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $243.62, for a total value of $470,673.84. Following the completion of the sale, the executive vice president now directly owns 24,155 shares in the company, valued at $5,884,641.10. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Maggie Chu sold 1,522 shares of the firm’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $240.74, for a total value of $366,406.28. Following the completion of the sale, the senior vice president now owns 3,086 shares of the company’s stock, valued at $742,923.64. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 4,370 shares of company stock worth $1,064,413. 2.30% of the stock is owned by corporate insiders.

About Littelfuse

Littelfuse, Inc designs, manufactures, and sells electronic components, modules, and subassemblies in the Americas, Asia-Pacific, and Europe. The company operates through Electronic, Transportation, and Industrial segments. The Electronics segment offers fuses and fuse accessories, positive temperature coefficient resettable fuses, electromechanical switches and interconnect solutions, polymer electrostatic discharge suppressors, varistors, reed switch based magnetic sensing products, and gas discharge tubes; and discrete transient voltage suppressor (TVS) diodes, TVS diode arrays, protection and switching thyristors, metal-oxide-semiconductor field-effect transistors and diodes, and insulated gate bipolar transistors.