Littelfuse, Inc. (NASDAQ:LFUS) issued an update on its fourth quarter earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $1.58-1.72 for the period, compared to the Thomson Reuters consensus estimate of $1.84. The company issued revenue guidance of $292-304 million, compared to the consensus revenue estimate of $310.34 million.
Shares of Littelfuse, Inc. (LFUS) traded down 10.54% during mid-day trading on Wednesday, reaching $186.97. The company’s stock had a trading volume of 150,178 shares. The company has a market cap of $4.25 billion, a PE ratio of 29.43 and a beta of 0.95. Littelfuse, Inc. has a 52-week low of $131.67 and a 52-week high of $212.54. The company has a 50-day moving average price of $199.18 and a 200 day moving average price of $177.71.
Littelfuse (NASDAQ:LFUS) last announced its earnings results on Wednesday, November 1st. The technology company reported $2.12 EPS for the quarter, topping the Zacks’ consensus estimate of $1.98 by $0.14. The firm had revenue of $317.90 million during the quarter, compared to analysts’ expectations of $319.20 million. Littelfuse had a return on equity of 19.67% and a net margin of 12.51%. The company’s quarterly revenue was up 13.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.87 EPS. Equities analysts expect that Littelfuse, Inc. will post $7.77 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 7th. Stockholders of record on Wednesday, November 22nd will be issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 0.71%. Littelfuse’s dividend payout ratio (DPR) is 23.34%.
A number of equities analysts have recently commented on LFUS shares. Zacks Investment Research cut Littelfuse from a buy rating to a hold rating in a report on Wednesday, July 5th. Robert W. Baird reiterated a buy rating and issued a $202.00 target price on shares of Littelfuse in a report on Tuesday, September 5th. BidaskClub cut Littelfuse from a hold rating to a sell rating in a report on Friday, July 28th. Stifel Nicolaus reiterated a hold rating and issued a $175.00 target price (up previously from $165.00) on shares of Littelfuse in a report on Friday, July 21st. Finally, UBS AG lowered Littelfuse from an outperform rating to a market perform rating in a research note on Friday, October 13th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of Hold and an average price target of $198.20.
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Littelfuse Company Profile
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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