Wall Street brokerages forecast that Littelfuse, Inc. (NASDAQ:LFUS) will report sales of $441.85 million for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for Littelfuse’s earnings. The lowest sales estimate is $440.00 million and the highest is $444.00 million. Littelfuse reported sales of $317.89 million during the same quarter last year, which indicates a positive year over year growth rate of 39%. The business is scheduled to report its next earnings report on Wednesday, November 7th.
On average, analysts expect that Littelfuse will report full year sales of $1.73 billion for the current year, with estimates ranging from $1.71 billion to $1.75 billion. For the next year, analysts forecast that the company will report sales of $1.84 billion per share, with estimates ranging from $1.82 billion to $1.86 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that follow Littelfuse.
Littelfuse (NASDAQ:LFUS) last posted its quarterly earnings results on Wednesday, August 1st. The technology company reported $2.68 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.50 by $0.18. The firm had revenue of $459.20 million during the quarter, compared to the consensus estimate of $458.84 million. Littelfuse had a return on equity of 18.22% and a net margin of 7.36%. The business’s revenue was up 46.5% compared to the same quarter last year. During the same period last year, the company earned $2.10 earnings per share.
LFUS stock traded up $1.55 during mid-day trading on Monday, reaching $220.68. The company had a trading volume of 1,521 shares, compared to its average volume of 197,341. The company has a quick ratio of 2.69, a current ratio of 3.59 and a debt-to-equity ratio of 0.47. The company has a market cap of $5.49 billion, a price-to-earnings ratio of 28.50, a P/E/G ratio of 1.91 and a beta of 0.97. Littelfuse has a 52 week low of $166.40 and a 52 week high of $238.10.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 6th. Stockholders of record on Thursday, August 23rd will be given a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 0.78%. This is a boost from Littelfuse’s previous quarterly dividend of $0.37. The ex-dividend date of this dividend is Wednesday, August 22nd. Littelfuse’s dividend payout ratio (DPR) is presently 19.12%.
In other news, Director T J. Chung sold 1,200 shares of the firm’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 completion of the sale, the director now directly owns 16,940 shares of the company’s stock, valued at $3,852,325.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Ian Highley sold 12,118 shares of the firm’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 of the company’s stock, valued at $2,670,789.80. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 31,093 shares of company stock valued at $6,984,799. Insiders own 3.80% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in LFUS. Wells Fargo & Company MN lifted its holdings in Littelfuse by 0.7% during the 1st quarter. Wells Fargo & Company MN now owns 608,300 shares of the technology company’s stock worth $126,636,000 after purchasing an additional 4,500 shares during the last quarter. Rhumbline Advisers lifted its holdings in Littelfuse by 23.0% during the 1st quarter. Rhumbline Advisers now owns 61,115 shares of the technology company’s stock worth $12,723,000 after purchasing an additional 11,418 shares during the last quarter. D.B. Root & Company LLC acquired a new stake in Littelfuse during the 1st quarter worth approximately $234,000. Comerica Bank lifted its holdings in 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 last quarter. Finally, Advantus Capital Management Inc lifted its holdings in 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 last quarter. 98.51% of the stock is owned by institutional investors.
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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