Zacks: Analysts Expect Littelfuse, Inc. (LFUS) Will Announce Earnings of $1.93 Per Share

Equities analysts predict that Littelfuse, Inc. (NASDAQ:LFUS) will announce earnings of $1.93 per share for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for Littelfuse’s earnings, with the highest EPS estimate coming in at $1.94 and the lowest estimate coming in at $1.91. Littelfuse posted earnings per share of $2.39 in the same quarter last year, which indicates a negative year over year growth rate of 19.2%. The company is scheduled to announce its next quarterly earnings results on Wednesday, May 1st.

On average, analysts expect that Littelfuse will report full-year earnings of $9.46 per share for the current fiscal year, with EPS estimates ranging from $9.05 to $9.70. For the next fiscal year, analysts forecast that the company will post earnings of $10.53 per share, with EPS estimates ranging from $10.00 to $10.75. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that cover Littelfuse.

Littelfuse (NASDAQ:LFUS) last posted its quarterly earnings data on Wednesday, January 30th. The technology company reported $1.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.00 by ($0.13). Littelfuse had a return on equity of 16.12% and a net margin of 9.58%. The business had revenue of $402.30 million for the quarter, compared to analyst estimates of $413.77 million. During the same quarter last year, the business earned $1.81 EPS. Littelfuse’s revenue for the quarter was up 31.9% compared to the same quarter last year.

Several research firms have recently issued reports on LFUS. Barrington Research restated a “hold” rating on shares of Littelfuse in a report on Tuesday, January 29th. Zacks Investment Research upgraded Littelfuse from a “sell” rating to a “hold” rating in a report on Friday, January 25th. BidaskClub upgraded Littelfuse from a “sell” rating to a “hold” rating in a report on Friday, January 11th. CIBC upgraded Littelfuse from a “market perform” rating to an “outperform” rating and set a $215.00 price objective on the stock in a report on Tuesday, January 8th. Finally, Oppenheimer upgraded Littelfuse from a “market perform” rating to an “outperform” rating and set a $215.00 price objective on the stock in a report on Tuesday, January 8th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Littelfuse has a consensus rating of “Buy” and an average target price of $227.00.

In related news, Director William P. Noglows sold 578 shares of Littelfuse stock in a transaction on Tuesday, February 5th. The stock was sold at an average price of $182.50, for a total value of $105,485.00. Following the transaction, the director now owns 22,608 shares in the company, valued at $4,125,960. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Ian Highley sold 1,000 shares of Littelfuse stock in a transaction on Monday, February 25th. The shares were sold at an average price of $195.98, for a total value of $195,980.00. Following the completion of the transaction, the senior vice president now owns 3,701 shares in the company, valued at approximately $725,321.98. The disclosure for this sale can be found here. Insiders sold 3,048 shares of company stock worth $585,025 in the last quarter. 3.50% of the stock is owned by insiders.

A number of institutional investors have recently modified their holdings of LFUS. Private Capital Group LLC boosted its holdings in Littelfuse by 78.4% in the fourth quarter. Private Capital Group LLC now owns 157 shares of the technology company’s stock valued at $27,000 after acquiring an additional 69 shares during the last quarter. Doyle Wealth Management acquired a new position in Littelfuse in the fourth quarter valued at $34,000. Enlightenment Research LLC acquired a new position in Littelfuse in the fourth quarter valued at $51,000. Captrust Financial Advisors boosted its holdings in Littelfuse by 25.0% in the fourth quarter. Captrust Financial Advisors now owns 445 shares of the technology company’s stock valued at $76,000 after acquiring an additional 89 shares during the last quarter. Finally, Bremer Trust National Association acquired a new position in Littelfuse in the fourth quarter valued at $144,000. Hedge funds and other institutional investors own 98.82% of the company’s stock.

LFUS stock opened at $185.75 on Friday. Littelfuse has a 52-week low of $155.15 and a 52-week high of $238.10. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.62 and a current ratio of 3.50. The firm has a market cap of $4.51 billion, a PE ratio of 19.35, a price-to-earnings-growth ratio of 1.61 and a beta of 0.92.

The company also recently announced a quarterly dividend, which was paid on Thursday, March 7th. Investors of record on Thursday, February 21st were issued a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date was Wednesday, February 20th. Littelfuse’s payout ratio is currently 18.22%.

About Littelfuse

Littelfuse, Inc designs, manufactures, and sells circuit protection products worldwide. The company's Electronics segment offers fuses and fuse accessories, positive temperature coefficient resettable fuses, polymer electrostatic discharge suppressors, varistors, and gas discharge tubes; and semiconductor and power semiconductor products, such as 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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