Littelfuse, Inc. (NASDAQ:LFUS) to Post Q4 2017 Earnings of $1.68 Per Share, Oppenheimer Holdings Forecasts
Littelfuse, Inc. (NASDAQ:LFUS) – Equities research analysts at Oppenheimer Holdings upped their Q4 2017 earnings estimates for shares of Littelfuse in a research note issued on Tuesday. Oppenheimer Holdings analyst C. Glynn now expects that the technology company will earn $1.68 per share for the quarter, up from their prior estimate of $1.63.
Several other analysts also recently issued reports on LFUS. Stifel Nicolaus restated a “hold” rating and set a $175.00 price objective (up previously from $165.00) on shares of Littelfuse in a report on Friday. Robert W. Baird reiterated a “positive” rating and issued a $195.00 target price (up previously from $187.00) on shares of Littelfuse in a report on Wednesday. Zacks Investment Research upgraded Littelfuse from a “hold” rating to a “buy” rating and set a $193.00 target price on the stock in a report on Friday, July 14th. Finally, BidaskClub upgraded Littelfuse from a “sell” rating to a “hold” rating in a report on Thursday, July 13th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company. Littelfuse presently has an average rating of “Buy” and an average price target of $187.40.
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Shares of Littelfuse (NASDAQ LFUS) traded down 0.09% during midday trading on Friday, hitting $184.23. 122,071 shares of the stock were exchanged. The stock’s 50-day moving average price is $167.37 and its 200 day moving average price is $160.81. The stock has a market cap of $4.18 billion, a P/E ratio of 33.86 and a beta of 0.94. Littelfuse has a one year low of $114.76 and a one year high of $188.19.
Littelfuse (NASDAQ:LFUS) last issued its quarterly earnings results on Wednesday, May 3rd. The technology company reported $1.69 EPS for the quarter, topping analysts’ consensus estimates of $1.64 by $0.05. The business had revenue of $285.44 million during the quarter, compared to the consensus estimate of $284.95 million. Littelfuse had a net margin of 11.06% and a return on equity of 18.47%. The company’s quarterly revenue was up 30.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.38 earnings per share.
Littelfuse announced that its Board of Directors has authorized a share buyback plan on Wednesday, May 3rd that allows the company to repurchase 1,000,000 shares. This repurchase authorization allows the technology company to purchase shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board believes its stock is undervalued.
In related news, SVP Deepak Nayar sold 9,545 shares of the firm’s stock in a transaction on Monday, May 8th. The stock was sold at an average price of $164.58, for a total value of $1,570,916.10. Following the completion of the transaction, the senior vice president now directly owns 5,141 shares of the company’s stock, valued at $846,105.78. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Matthew Cole sold 150 shares of the firm’s stock in a transaction on Friday, June 9th. The stock was sold at an average price of $169.23, for a total value of $25,384.50. Following the completion of the transaction, the senior vice president now directly owns 3,985 shares of the company’s stock, valued at $674,381.55. The disclosure for this sale can be found here. Insiders have sold 18,781 shares of company stock valued at $3,079,622 in the last ninety days. Company insiders own 1.80% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of the company. FMR LLC raised its position in Littelfuse by 88.2% in the fourth quarter. FMR LLC now owns 80,000 shares of the technology company’s stock valued at $12,142,000 after buying an additional 37,500 shares in the last quarter. Norges Bank bought a new position in Littelfuse during the fourth quarter valued at about $29,414,000. Teachers Advisors LLC raised its position in Littelfuse by 14.6% in the fourth quarter. Teachers Advisors LLC now owns 41,044 shares of the technology company’s stock valued at $6,229,000 after buying an additional 5,237 shares in the last quarter. First National Bank of Omaha raised its position in Littelfuse by 15.9% in the first quarter. First National Bank of Omaha now owns 27,970 shares of the technology company’s stock valued at $4,473,000 after buying an additional 3,847 shares in the last quarter. Finally, Capstone Asset Management Co. raised its position in Littelfuse by 8.0% in the first quarter. Capstone Asset Management Co. now owns 2,559 shares of the technology company’s stock valued at $409,000 after buying an additional 190 shares in the last quarter. 95.90% of the stock is owned by hedge funds and other institutional investors.
Littelfuse, Inc is a supplier of circuit protection products for the electronics, automotive and industrial markets. The Company operates through three segments. The Electronics segment provides circuit protection components for overcurrent and overvoltage protection, as well as sensor components and modules to manufacturers of a range of electronic products.
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