Littelfuse (LFUS) Scheduled to Post Quarterly Earnings on Tuesday

Littelfuse (NASDAQ:LFUS) is scheduled to be announcing its earnings results after the market closes on Tuesday, October 29th. Analysts expect the company to announce earnings of $2.09 per share for the quarter. Littelfuse has set its Q3 2024 guidance at 1.950-2.150 EPS and its Q3 guidance at $1.95-2.15 EPS.Investors that are interested in registering for the company’s conference call can do so using this link.

Littelfuse (NASDAQ:LFUS) last released its quarterly earnings results on Tuesday, July 30th. The technology company reported $1.97 earnings per share for the quarter, topping the consensus estimate of $1.75 by $0.22. Littelfuse had a net margin of 8.71% and a return on equity of 8.91%. The business had revenue of $558.49 million for the quarter, compared to analysts’ expectations of $540.35 million. During the same period in the previous year, the company earned $3.12 earnings per share. The firm’s revenue for the quarter was down 8.7% compared to the same quarter last year. On average, analysts expect Littelfuse to post $8 EPS for the current fiscal year and $11 EPS for the next fiscal year.

Littelfuse Stock Down 1.6 %

Littelfuse stock opened at $255.05 on Tuesday. Littelfuse has a fifty-two week low of $212.80 and a fifty-two week high of $275.58. The stock has a market cap of $6.32 billion, a PE ratio of 29.22, a price-to-earnings-growth ratio of 2.64 and a beta of 1.27. The firm’s 50-day simple moving average is $259.40 and its 200 day simple moving average is $253.90. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.42 and a current ratio of 3.50.

Littelfuse Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Thursday, August 22nd were issued a dividend of $0.70 per share. The ex-dividend date was Thursday, August 22nd. This is a boost from Littelfuse’s previous quarterly dividend of $0.65. This represents a $2.80 annualized dividend and a yield of 1.10%. Littelfuse’s payout ratio is 32.07%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on LFUS shares. TD Cowen boosted their target price on shares of Littelfuse from $250.00 to $260.00 and gave the company a “hold” rating in a research note on Thursday, August 1st. Robert W. Baird boosted their target price on shares of Littelfuse from $300.00 to $315.00 and gave the company an “outperform” rating in a research note on Thursday, August 29th. Oppenheimer upgraded shares of Littelfuse from a “market perform” rating to an “outperform” rating and set a $310.00 target price on the stock in a research note on Thursday, October 17th. StockNews.com upgraded shares of Littelfuse from a “hold” rating to a “buy” rating in a research note on Friday. Finally, Stifel Nicolaus upgraded shares of Littelfuse from a “hold” rating to a “buy” rating and boosted their target price for the company from $270.00 to $280.00 in a research note on Tuesday, August 13th. Three equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $285.00.

Insider Activity

In other news, SVP Matthew Cole sold 1,436 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $246.02, for a total value of $353,284.72. Following the sale, the senior vice president now owns 5,522 shares of the company’s stock, valued at $1,358,522.44. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CEO David W. Heinzmann sold 8,715 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $274.40, for a total transaction of $2,391,396.00. Following the sale, the chief executive officer now owns 59,654 shares of the company’s stock, valued at approximately $16,369,057.60. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Matthew Cole sold 1,436 shares of the company’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $246.02, for a total transaction of $353,284.72. Following the sale, the senior vice president now directly owns 5,522 shares in the company, valued at $1,358,522.44. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 16,028 shares of company stock valued at $4,356,035 over the last quarter. Company insiders own 2.30% of the company’s stock.

Littelfuse Company Profile

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.