Littelfuse, Inc. (LFUS) Expected to Announce Quarterly Sales of $298.30 Million

Analysts expect Littelfuse, Inc. (NASDAQ:LFUS) to post $298.30 million in sales for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided 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 during the same quarter last year, which suggests a positive year over year growth rate of 4.8%. The company is expected to issue its next quarterly earnings results before the market opens on Wednesday, January 31st.

According to Zacks, 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 fiscal year, analysts expect that the firm will report sales of $1.43 billion per share, with estimates ranging from $1.28 billion to $1.59 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover Littelfuse.

Littelfuse (NASDAQ:LFUS) last posted its quarterly earnings data on Wednesday, November 1st. The technology company reported $2.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.98 by $0.14. The business had revenue of $317.90 million during the quarter, compared to analysts’ expectations of $319.20 million. Littelfuse had a net margin of 13.12% and a return on equity of 19.62%. The business’s revenue was up 13.4% on a year-over-year basis. During the same period last year, the firm posted $1.87 earnings per share.

Several research analysts have recently issued reports on LFUS shares. Zacks Investment Research cut shares of Littelfuse from a “buy” rating to a “hold” rating in a report on Saturday, September 23rd. Stifel Nicolaus reiterated a “hold” rating and issued a $185.00 price objective on shares of Littelfuse in a report on Friday, October 6th. Robert W. Baird reiterated a “buy” rating and issued a $202.00 price objective on shares of Littelfuse in a report on Thursday, October 12th. UBS Group cut shares of Littelfuse from an “outperform” rating to a “market perform” rating in a report on Friday, October 13th. Finally, Oppenheimer cut shares of Littelfuse from an “outperform” rating to a “market perform” rating in a report on Friday, October 13th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $211.25.

Large investors have recently modified their holdings of the stock. Vaughan Nelson Investment Management L.P. boosted its holdings in Littelfuse by 31.3% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 471,038 shares of the technology company’s stock worth $92,267,000 after buying an additional 112,360 shares in the last quarter. Grandeur Peak Global Advisors LLC boosted its holdings in Littelfuse by 2.3% during the second quarter. Grandeur Peak Global Advisors LLC now owns 28,625 shares of the technology company’s stock worth $4,723,000 after buying an additional 650 shares in the last quarter. Koch Industries Inc. bought a new stake in Littelfuse during the second quarter worth approximately $376,000. Vanguard Group Inc. boosted its holdings in Littelfuse by 1.7% during the second quarter. Vanguard Group Inc. now owns 1,878,924 shares of the technology company’s stock worth $310,023,000 after buying an additional 31,326 shares in the last quarter. Finally, Nationwide Fund Advisors boosted its holdings in Littelfuse by 1.9% during the third quarter. Nationwide Fund Advisors now owns 105,823 shares of the technology company’s stock worth $20,729,000 after buying an additional 2,000 shares in the last quarter. Hedge funds and other institutional investors own 99.17% of the company’s stock.

Littelfuse (NASDAQ LFUS) traded down $0.79 during trading on Friday, hitting $209.98. 272,700 shares of the stock traded hands, compared to its average volume of 153,225. The company has a quick ratio of 2.75, a current ratio of 3.36 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $4,787.39, a PE ratio of 30.61, a PEG ratio of 1.72 and a beta of 0.92. Littelfuse has a twelve month low of $148.11 and a twelve month high of $215.00.

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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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