Littelfuse, Inc. (LFUS) Expected to Post Quarterly Sales of $298.30 Million
Wall Street brokerages expect that Littelfuse, Inc. (NASDAQ:LFUS) will report sales of $298.30 million for the current fiscal quarter, according to Zacks Investment Research. 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 reported sales of $284.52 million during the same quarter last year, which indicates a positive year-over-year growth rate of 4.8%. The firm is expected to report its next earnings report on Wednesday, February 7th.
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 anticipate that the company will post sales of $1.43 billion per share, with estimates ranging from $1.28 billion to $1.59 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts 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, topping the consensus estimate of $1.98 by $0.14. Littelfuse had a return on equity of 19.62% and a net margin of 13.12%. The firm had revenue of $317.90 million for the quarter, compared to the consensus estimate of $319.20 million. During the same quarter in the prior year, the business earned $1.87 EPS. The business’s revenue for the quarter was up 13.4% compared to the same quarter last year.
Several research analysts have issued reports on the company. Zacks Investment Research raised Littelfuse from a “hold” rating to a “buy” rating and set a $211.00 price objective on the stock in a report on Wednesday, September 27th. BidaskClub downgraded Littelfuse from a “strong-buy” rating to a “buy” rating in a report on Wednesday, December 6th. Robert W. Baird reaffirmed a “buy” rating and set a $202.00 price objective on shares of Littelfuse in a report on Tuesday, September 5th. CIBC reiterated a “market perform” rating on shares of Littelfuse in a research report on Friday, October 13th. Finally, Oppenheimer cut shares of Littelfuse from an “outperform” rating to a “market perform” rating in a research report on Friday, October 13th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $211.25.
Littelfuse (NASDAQ LFUS) opened at $197.72 on Friday. Littelfuse has a 1-year low of $146.94 and a 1-year high of $215.00. The company has a current ratio of 3.36, a quick ratio of 2.75 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $4,405.34, a price-to-earnings ratio of 25.93, a price-to-earnings-growth ratio of 1.71 and a beta of 0.91.
The firm also recently announced a quarterly dividend, which was paid on Thursday, December 7th. Shareholders of record on Wednesday, November 22nd were given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 0.75%. The ex-dividend date was Tuesday, November 21st. Littelfuse’s payout ratio is 21.57%.
Institutional investors have recently modified their holdings of the business. Vaughan Nelson Investment Management L.P. raised its position in shares of Littelfuse by 31.3% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 471,038 shares of the technology company’s stock valued at $92,267,000 after acquiring an additional 112,360 shares during the last quarter. Legal & General Group Plc raised its position in shares of Littelfuse by 22.4% during the 2nd quarter. Legal & General Group Plc now owns 17,851 shares of the technology company’s stock valued at $2,945,000 after acquiring an additional 3,264 shares during the last quarter. Century Capital Management LLC bought a new stake in shares of Littelfuse during the 2nd quarter valued at $1,854,000. Grandeur Peak Global Advisors LLC raised its position in shares of Littelfuse by 2.3% during the 2nd quarter. Grandeur Peak Global Advisors LLC now owns 28,625 shares of the technology company’s stock valued at $4,723,000 after acquiring an additional 650 shares during the last quarter. Finally, Koch Industries Inc. bought a new stake in shares of Littelfuse during the 2nd quarter valued at $376,000. Institutional investors own 99.17% 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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