$298.30 Million in Sales Expected for Littelfuse, Inc. (LFUS) This Quarter
Equities research analysts expect Littelfuse, Inc. (NASDAQ:LFUS) to report $298.30 million in sales for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Littelfuse’s earnings. The highest sales estimate is $299.00 million and the lowest is $296.86 million. Littelfuse posted sales of $284.52 million in the same quarter last year, which suggests a positive year-over-year growth rate of 4.8%. The company is expected to report its next quarterly earnings results on Wednesday, February 7th.
On average, analysts expect that Littelfuse will report full-year sales of $298.30 million for the current year, with estimates ranging from $1.21 billion to $1.22 billion. For the next financial year, analysts anticipate that the company will post sales of $1.43 billion per share, with estimates ranging from $1.28 billion to $1.59 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that cover Littelfuse.
Littelfuse (NASDAQ:LFUS) last issued its quarterly earnings results on Wednesday, November 1st. The technology company reported $2.12 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.98 by $0.14. The firm had revenue of $317.90 million for the quarter, compared to analyst estimates of $319.20 million. Littelfuse had a net margin of 13.12% and a return on equity of 19.62%. Littelfuse’s quarterly revenue was up 13.4% compared to the same quarter last year. During the same period last year, the company posted $1.87 EPS.
A number of research analysts have weighed in on the stock. Zacks Investment Research lowered shares of Littelfuse from a “hold” rating to a “sell” rating in a research note on Tuesday. Robert W. Baird reissued a “buy” rating and issued a $230.00 target price on shares of Littelfuse in a research note on Friday, November 3rd. Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of Littelfuse in a research note on Wednesday, November 1st. CIBC reissued a “market perform” rating on shares of Littelfuse in a research note on Friday, October 13th. Finally, UBS AG lowered shares of Littelfuse from an “outperform” rating to a “market perform” rating in a research note on Friday, October 13th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $203.80.
Shares of Littelfuse (LFUS) traded down $0.98 during trading on Friday, reaching $194.11. 28,729 shares of the company were exchanged, compared to its average volume of 135,130. The stock has a market cap of $4,415.71, a price-to-earnings ratio of 25.99, a PEG ratio of 1.71 and a beta of 0.93. Littelfuse has a 1 year low of $144.01 and a 1 year high of $212.54. The company has a debt-to-equity ratio of 0.53, a current ratio of 3.36 and a quick ratio of 2.75.
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 7th. Stockholders of record on Wednesday, November 22nd will be given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 0.76%. The ex-dividend date is Tuesday, November 21st. Littelfuse’s payout ratio is presently 21.57%.
A number of institutional investors have recently bought and sold shares of LFUS. Teachers Advisors LLC increased its holdings in Littelfuse by 2.8% in the 1st quarter. Teachers Advisors LLC now owns 42,205 shares of the technology company’s stock valued at $6,749,000 after purchasing an additional 1,161 shares during the last quarter. Legal & General Group Plc increased its holdings in Littelfuse by 30.8% in the 1st quarter. Legal & General Group Plc now owns 14,587 shares of the technology company’s stock valued at $2,333,000 after purchasing an additional 3,434 shares during the last quarter. AQR Capital Management LLC increased its holdings in Littelfuse by 40.2% in the 1st quarter. AQR Capital Management LLC now owns 19,539 shares of the technology company’s stock valued at $3,124,000 after purchasing an additional 5,606 shares during the last quarter. Paloma Partners Management Co acquired a new stake in Littelfuse in the 1st quarter valued at approximately $480,000. Finally, Capstone Asset Management Co. increased its holdings in Littelfuse by 8.2% in the 2nd quarter. Capstone Asset Management Co. now owns 2,769 shares of the technology company’s stock valued at $457,000 after purchasing an additional 210 shares during the last quarter. Hedge funds and other institutional investors own 96.55% of the company’s stock.
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Littelfuse Company Profile
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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