Brokerages expect Littelfuse, Inc. (NASDAQ:LFUS) to post $441.85 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 $444.00 million and the lowest is $440.00 million. Littelfuse reported sales of $317.89 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 39%. The company is expected to report its next earnings results on Wednesday, November 7th.
According to Zacks, analysts expect that Littelfuse will report full-year sales of $1.73 billion for the current fiscal year, with estimates ranging from $1.71 billion to $1.75 billion. For the next financial year, analysts forecast that the firm will post sales of $1.84 billion per share, with estimates ranging from $1.82 billion to $1.86 billion. Zacks’ sales averages are a mean average based on a survey of research firms that follow Littelfuse.
Littelfuse (NASDAQ:LFUS) last released its quarterly earnings results on Wednesday, August 1st. The technology company reported $2.68 earnings per share for the quarter, topping analysts’ consensus estimates of $2.50 by $0.18. The business had revenue of $459.20 million for the quarter, compared to analysts’ expectations of $458.84 million. Littelfuse had a return on equity of 18.22% and a net margin of 7.36%. The company’s revenue was up 46.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.10 EPS.
In related news, Director T J. Chung sold 1,200 shares of the company’s stock in a transaction that occurred on Wednesday, August 8th. The stock was sold at an average price of $227.41, for a total value of $272,892.00. Following the sale, the director now owns 16,940 shares of the company’s stock, valued at approximately $3,852,325.40. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP Ian Highley sold 12,118 shares of the company’s stock in a transaction that occurred on Monday, August 6th. The shares were sold at an average price of $219.80, for a total value of $2,663,536.40. Following the completion of the sale, the senior vice president now directly owns 12,151 shares in the company, valued at approximately $2,670,789.80. The disclosure for this sale can be found here. In the last ninety days, insiders sold 32,659 shares of company stock worth $7,324,798. 3.80% of the stock is owned by corporate insiders.
A number of hedge funds have recently bought and sold shares of LFUS. Wells Fargo & Company MN lifted its stake in Littelfuse by 0.7% in the 1st quarter. Wells Fargo & Company MN now owns 608,300 shares of the technology company’s stock valued at $126,636,000 after buying an additional 4,500 shares in the last quarter. Rhumbline Advisers lifted its stake in Littelfuse by 23.0% in the 1st quarter. Rhumbline Advisers now owns 61,115 shares of the technology company’s stock valued at $12,723,000 after buying an additional 11,418 shares in the last quarter. D.B. Root & Company LLC purchased a new position in shares of Littelfuse during the 1st quarter worth $234,000. Comerica Bank lifted its stake in shares of Littelfuse by 9.1% during the 1st quarter. Comerica Bank now owns 19,616 shares of the technology company’s stock worth $4,095,000 after purchasing an additional 1,631 shares during the period. Finally, Advantus Capital Management Inc lifted its stake in shares of Littelfuse by 9.2% during the 1st quarter. Advantus Capital Management Inc now owns 3,054 shares of the technology company’s stock worth $636,000 after purchasing an additional 257 shares during the period. 99.11% of the stock is currently owned by hedge funds and other institutional investors.
LFUS opened at $218.89 on Monday. The company has a market capitalization of $5.56 billion, a P/E ratio of 28.28, a PEG ratio of 1.93 and a beta of 0.97. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.69 and a current ratio of 3.59. Littelfuse has a 1-year low of $166.40 and a 1-year high of $238.10.
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 6th. Investors of record on Thursday, August 23rd will be paid a $0.43 dividend. The ex-dividend date is Wednesday, August 22nd. This represents a $1.72 dividend on an annualized basis and a yield of 0.79%. This is a positive change from Littelfuse’s previous quarterly dividend of $0.37. Littelfuse’s dividend payout ratio is presently 19.12%.
Littelfuse Company Profile
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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