Brokerages Expect Littelfuse, Inc. (LFUS) Will Post Earnings of $2.10 Per Share
Brokerages forecast that Littelfuse, Inc. (NASDAQ:LFUS) will report $2.10 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for Littelfuse’s earnings. The lowest EPS estimate is $2.09 and the highest is $2.10. Littelfuse reported earnings of $1.87 per share during the same quarter last year, which would suggest a positive year over year growth rate of 12.3%. The firm is expected to issue its next quarterly earnings report before the market opens on Wednesday, November 1st.
According to Zacks, analysts expect that Littelfuse will report full-year earnings of $7.67 per share for the current financial year, with EPS estimates ranging from $7.60 to $7.77. For the next fiscal year, analysts anticipate that the company will post earnings of $8.34 per share, with EPS estimates ranging from $8.25 to $8.48. Zacks’ EPS averages are an average based on a survey of sell-side research analysts that follow Littelfuse.
Littelfuse (NASDAQ:LFUS) last announced its quarterly earnings data on Wednesday, August 2nd. The technology company reported $2.10 earnings per share (EPS) for the quarter, hitting the consensus estimate of $2.10. The firm had revenue of $313.36 million during the quarter, compared to the consensus estimate of $312.97 million. Littelfuse had a return on equity of 19.67% and a net margin of 12.51%. The business’s revenue for the quarter was up 15.2% on a year-over-year basis. During the same period in the prior year, the business earned $1.44 EPS.
A number of research analysts have issued reports on LFUS shares. BidaskClub raised Littelfuse from a “strong sell” rating to a “sell” rating in a research note on Friday, June 30th. Zacks Investment Research cut Littelfuse from a “buy” rating to a “hold” rating in a research note on Wednesday. Oppenheimer Holdings, Inc. boosted their target price on Littelfuse from $185.00 to $200.00 and gave the company an “outperform” rating in a research note on Wednesday, July 19th. Robert W. Baird reissued a “buy” rating and issued a $202.00 target price on shares of Littelfuse in a research note on Tuesday, September 5th. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $180.00 target price on shares of Littelfuse in a research note on Tuesday, September 12th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $193.40.
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Shares of Littelfuse (NASDAQ:LFUS) traded up 1.18% during midday trading on Friday, reaching $200.06. The company had a trading volume of 105,650 shares. Littelfuse has a 52-week low of $124.32 and a 52-week high of $200.26. The company’s 50-day moving average is $186.18 and its 200-day moving average is $170.98. The firm has a market cap of $4.54 billion, a P/E ratio of 31.49 and a beta of 0.95.
The company also recently declared a quarterly dividend, which was paid on Thursday, September 7th. Stockholders of record on Thursday, August 24th were issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 0.74%. This is a positive change from Littelfuse’s previous quarterly dividend of $0.33. The ex-dividend date was Tuesday, August 22nd. Littelfuse’s payout ratio is 23.34%.
Several institutional investors have recently modified their holdings of LFUS. Great West Life Assurance Co. Can lifted its holdings in shares of Littelfuse by 4.3% in the first quarter. Great West Life Assurance Co. Can now owns 13,301 shares of the technology company’s stock valued at $2,127,000 after purchasing an additional 552 shares in the last quarter. First Trust Advisors LP lifted its holdings in shares of Littelfuse by 52.2% in the first quarter. First Trust Advisors LP now owns 22,937 shares of the technology company’s stock valued at $3,668,000 after purchasing an additional 7,865 shares in the last quarter. US Bancorp DE lifted its holdings in shares of Littelfuse by 13.2% in the first quarter. US Bancorp DE now owns 3,841 shares of the technology company’s stock valued at $614,000 after purchasing an additional 448 shares in the last quarter. World Asset Management Inc lifted its holdings in shares of Littelfuse by 2.4% in the first quarter. World Asset Management Inc now owns 1,393 shares of the technology company’s stock valued at $223,000 after purchasing an additional 32 shares in the last quarter. Finally, UBS Asset Management Americas Inc. lifted its holdings in shares of Littelfuse by 9.2% in the first quarter. UBS Asset Management Americas Inc. now owns 9,981 shares of the technology company’s stock valued at $1,596,000 after purchasing an additional 844 shares in the last quarter. Institutional investors own 95.57% of the company’s stock.
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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