Littelfuse (NASDAQ:LFUS) Issues Q4 Earnings Guidance

Littelfuse (NASDAQ:LFUS) updated its fourth quarter earnings guidance on Tuesday. The company provided EPS guidance of $1.90-2.10 for the period, compared to the consensus EPS estimate of $2.36. The company issued revenue guidance of $510-540 million, compared to the consensus revenue estimate of $551.40 million. Littelfuse also updated its Q4 2024 guidance to 1.900-2.100 EPS.

Littelfuse Price Performance

Shares of NASDAQ LFUS traded up $4.86 during mid-day trading on Friday, hitting $249.49. 54,724 shares of the company’s stock traded hands, compared to its average volume of 129,563. The company has a debt-to-equity ratio of 0.31, a current ratio of 3.55 and a quick ratio of 2.42. Littelfuse has a 1 year low of $222.91 and a 1 year high of $275.58. The company’s 50-day moving average is $258.11 and its two-hundred day moving average is $254.60. The company has a market capitalization of $6.18 billion, a P/E ratio of 31.44, a PEG ratio of 2.57 and a beta of 1.27.

Littelfuse (NASDAQ:LFUS) last issued its quarterly earnings data on Tuesday, October 29th. The technology company reported $2.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.08 by $0.63. The business had revenue of $567.39 million for the quarter, compared to the consensus estimate of $557.38 million. Littelfuse had a return on equity of 8.49% and a net margin of 8.88%. The company’s quarterly revenue was down 6.5% compared to the same quarter last year. During the same period in the prior year, the business posted $2.97 earnings per share. On average, equities analysts anticipate that Littelfuse will post 8.14 EPS for the current fiscal year.

Littelfuse Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 21st will be paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 1.12%. The ex-dividend date of this dividend is Thursday, November 21st. Littelfuse’s payout ratio is 35.99%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on LFUS. TD Cowen raised their target price on shares of Littelfuse from $250.00 to $260.00 and gave the stock a “hold” rating in a report on Thursday, August 1st. Oppenheimer raised shares of Littelfuse from a “market perform” rating to an “outperform” rating and set a $310.00 price objective for the company in a research note on Thursday, October 17th. Benchmark reaffirmed a “hold” rating on shares of Littelfuse in a research note on Wednesday. Robert W. Baird boosted their price objective on Littelfuse from $300.00 to $315.00 and gave the company an “outperform” rating in a report on Thursday, August 29th. Finally, StockNews.com raised Littelfuse from a “hold” rating to a “buy” rating in a research report on Friday, October 18th. Three research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $285.00.

Insider Activity

In related news, SVP Matthew Cole sold 1,436 shares of the stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $246.02, for a total value of $353,284.72. Following the transaction, the senior vice president now owns 5,522 shares of the company’s stock, valued at $1,358,522.44. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Littelfuse news, CEO David W. Heinzmann sold 2,091 shares of the stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $274.65, for a total transaction of $574,293.15. Following the transaction, the chief executive officer now directly owns 59,654 shares in the company, valued at $16,383,971.10. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Matthew Cole sold 1,436 shares of the business’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $246.02, for a total transaction of $353,284.72. Following the completion of the sale, the senior vice president now owns 5,522 shares of the company’s stock, valued at approximately $1,358,522.44. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 12,242 shares of company stock valued at $3,318,974. Corporate insiders own 2.30% of the company’s stock.

Littelfuse Company Profile

Littelfuse, Inc designs, manufactures, and sells electronic components, modules, and subassemblies in the Americas, Asia-Pacific, and Europe. The company operates through Electronic, Transportation, and Industrial segments. The Electronics segment offers fuses and fuse accessories, positive temperature coefficient resettable fuses, electromechanical switches and interconnect solutions, polymer electrostatic discharge suppressors, varistors, reed switch based magnetic sensing products, and gas discharge tubes; and discrete transient voltage suppressor (TVS) diodes, TVS diode arrays, protection and switching thyristors, metal-oxide-semiconductor field-effect transistors and diodes, and insulated gate bipolar transistors.