Wall Street analysts expect Littelfuse, Inc. (NASDAQ:LFUS) to post sales of $390.55 million for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Littelfuse’s earnings. The lowest sales estimate is $389.91 million and the highest is $391.30 million. Littelfuse reported sales of $285.44 million in the same quarter last year, which would suggest a positive year over year growth rate of 36.8%. The company is scheduled to issue its next quarterly earnings report before the market opens on Wednesday, May 2nd.
On average, analysts expect that Littelfuse will report full year sales of $1.64 billion for the current year, with estimates ranging from $1.58 billion to $1.68 billion. For the next financial year, analysts anticipate that the business will report sales of $1.75 billion per share, with estimates ranging from $1.68 billion to $1.79 billion. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for Littelfuse.
Littelfuse (NASDAQ:LFUS) last issued its quarterly earnings results on Wednesday, January 31st. The technology company reported $1.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.68 by $0.13. The company had revenue of $304.85 million during the quarter, compared to analysts’ expectations of $299.88 million. Littelfuse had a net margin of 9.78% and a return on equity of 19.65%. Littelfuse’s revenue was up 7.1% on a year-over-year basis. During the same period last year, the company posted $1.57 EPS.
Several research analysts have issued reports on LFUS shares. BidaskClub raised shares of Littelfuse from a “hold” rating to a “buy” rating in a report on Thursday, January 18th. Zacks Investment Research raised shares of Littelfuse from a “sell” rating to a “hold” rating in a report on Wednesday, January 24th. Finally, ValuEngine raised shares of Littelfuse from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Five equities research analysts have rated the stock with 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 price target of $212.00.
Littelfuse stock traded up $7.18 during trading hours on Friday, hitting $211.09. The stock had a trading volume of 82,184 shares, compared to its average volume of 163,253. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.90 and a current ratio of 3.52. The stock has a market capitalization of $5,080.06, a PE ratio of 26.43, a price-to-earnings-growth ratio of 1.99 and a beta of 0.98. Littelfuse has a 12-month low of $150.24 and a 12-month high of $226.33.
In other news, VP Meenal Sethna sold 3,459 shares of the business’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $210.00, for a total transaction of $726,390.00. Following the completion of the transaction, the vice president now directly owns 12,693 shares of the company’s stock, valued at $2,665,530. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ronald L. Schubel sold 250 shares of the business’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $210.00, for a total transaction of $52,500.00. Following the transaction, the director now directly owns 24,567 shares of the company’s stock, valued at $5,159,070. The disclosure for this sale can be found here. Insiders have sold 71,289 shares of company stock valued at $15,271,800 over the last three months. 3.80% of the stock is owned by corporate insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Advisor Partners LLC purchased a new position in shares of Littelfuse during the fourth quarter valued at approximately $212,000. Zeke Capital Advisors LLC bought a new stake in Littelfuse during the fourth quarter valued at approximately $210,000. Stone Ridge Asset Management LLC bought a new stake in Littelfuse during the fourth quarter valued at approximately $218,000. Jane Street Group LLC bought a new stake in Littelfuse during the third quarter valued at approximately $226,000. Finally, Bank of Montreal Can grew its position in Littelfuse by 67.0% during the fourth quarter. Bank of Montreal Can now owns 1,181 shares of the technology company’s stock valued at $234,000 after buying an additional 474 shares during the period. 94.33% of the stock is owned by hedge funds and other institutional investors.
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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