Zacks: Analysts Expect Littelfuse, Inc. (LFUS) Will Post Quarterly Sales of $406.89 Million

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Wall Street analysts expect Littelfuse, Inc. (NASDAQ:LFUS) to post sales of $406.89 million for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for Littelfuse’s earnings, with estimates ranging from $405.28 million to $410.00 million. Littelfuse posted sales of $417.81 million in the same quarter last year, which would suggest a negative year-over-year growth rate of 2.6%. The business is expected to report its next quarterly earnings results on Wednesday, May 1st.

According to Zacks, analysts expect that Littelfuse will report full year sales of $1.73 billion for the current financial year, with estimates ranging from $1.69 billion to $1.74 billion. For the next year, analysts expect that the firm will report sales of $1.81 billion, with estimates ranging from $1.74 billion to $1.84 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Littelfuse.

Littelfuse (NASDAQ:LFUS) last issued its quarterly earnings results on Wednesday, January 30th. The technology company reported $1.87 EPS for the quarter, missing analysts’ consensus estimates 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 firm earned $1.81 earnings per share. The firm’s quarterly revenue was up 31.9% compared to the same quarter last year.

A number of research analysts have recently commented on the company. CIBC upgraded Littelfuse from a “market perform” rating to an “outperform” rating and set a $215.00 price target for the company in a report on Tuesday, January 8th. Zacks Investment Research upgraded Littelfuse from a “sell” rating to a “hold” rating in a report on Friday, January 25th. BidaskClub lowered Littelfuse from a “hold” rating to a “sell” rating in a report on Wednesday, December 12th. Longbow Research upgraded Littelfuse from a “neutral” rating to a “buy” rating and set a $200.00 price target for the company in a report on Thursday, January 31st. Finally, ValuEngine upgraded Littelfuse from a “sell” rating to a “hold” rating in a research note on Thursday, November 1st. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $227.00.

In related news, SVP Matthew Cole sold 170 shares of the company’s stock in a transaction on Tuesday, February 5th. The stock was sold at an average price of $183.40, for a total value of $31,178.00. Following the completion of the transaction, the senior vice president now directly owns 3,993 shares in the company, valued at $732,316.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director William P. Noglows sold 578 shares of the company’s stock in a transaction on Tuesday, February 5th. The shares were sold at an average price of $182.50, for a total value of $105,485.00. Following the completion of the transaction, the director now owns 22,608 shares of the company’s stock, valued at $4,125,960. The disclosure for this sale can be found here. Corporate insiders own 3.80% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. First Bank & Trust raised its stake in shares of Littelfuse by 7.4% in the fourth quarter. First Bank & Trust now owns 942 shares of the technology company’s stock valued at $162,000 after purchasing an additional 65 shares in the last quarter. Private Capital Group LLC grew its position 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 period. Public Employees Retirement System of Ohio grew its position in Littelfuse by 1.2% in the fourth quarter. Public Employees Retirement System of Ohio now owns 7,305 shares of the technology company’s stock valued at $1,253,000 after acquiring an additional 87 shares during the period. Captrust Financial Advisors grew its position 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 period. Finally, Integrated Investment Consultants LLC grew its position in Littelfuse by 6.6% in the fourth quarter. Integrated Investment Consultants LLC now owns 1,594 shares of the technology company’s stock valued at $274,000 after acquiring an additional 99 shares during the period. Institutional investors and hedge funds own 94.26% of the company’s stock.

Shares of LFUS stock traded up $1.14 during trading hours on Friday, reaching $187.69. 119,306 shares of the company’s stock were exchanged, compared to its average volume of 161,132. Littelfuse has a fifty-two week low of $155.15 and a fifty-two week high of $238.10. The firm has a market cap of $4.71 billion, a PE ratio of 19.88, a price-to-earnings-growth ratio of 1.65 and a beta of 0.91. The company has a quick ratio of 2.62, a current ratio of 3.50 and a debt-to-equity ratio of 0.46.

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 7th. Investors of record on Thursday, February 21st will be paid a $0.43 dividend. The ex-dividend date of this dividend is Wednesday, February 20th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 0.92%. Littelfuse’s payout ratio is 18.22%.

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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