Littelfuse, Inc. (NASDAQ:LFUS) – Barrington Research decreased their FY2017 earnings estimates for shares of Littelfuse in a research report issued to clients and investors on Thursday. Barrington Research analyst G. Prestopino now expects that the technology company will earn $7.55 per share for the year, down from their prior forecast of $7.63. Barrington Research also issued estimates for Littelfuse’s FY2018 earnings at $8.24 EPS.
Littelfuse (NASDAQ:LFUS) last announced its quarterly earnings data on Wednesday, November 1st. The technology company reported $2.12 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.98 by $0.14. The company had revenue of $317.90 million during the quarter, compared to analyst estimates of $319.20 million. Littelfuse had a net margin of 13.12% and a return on equity of 19.62%. The firm’s revenue for the quarter was up 13.4% compared to the same quarter last year. During the same period last year, the business earned $1.87 EPS.
Several other research analysts have also weighed in on LFUS. BidaskClub raised shares of Littelfuse from a “sell” rating to a “hold” rating in a report on Thursday, July 13th. Zacks Investment Research upgraded shares of Littelfuse from a “hold” rating to a “buy” rating and set a $193.00 price target on the stock in a research report on Friday, July 14th. Oppenheimer Holdings, Inc. raised their price target on shares of Littelfuse from $185.00 to $200.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 19th. Robert W. Baird restated a “positive” rating and issued a $195.00 price target (up from $187.00) on shares of Littelfuse in a research report on Wednesday, July 19th. Finally, Stifel Nicolaus restated a “hold” rating and issued a $175.00 price target (up from $165.00) on shares of Littelfuse in a research report on Friday, July 21st. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $203.80.
Littelfuse (LFUS) opened at $184.81 on Monday. The firm has a market cap of $4,197.66, a price-to-earnings ratio of 24.71, a price-to-earnings-growth ratio of 1.63 and a beta of 0.93. The company has a current ratio of 3.36, a quick ratio of 2.75 and a debt-to-equity ratio of 0.53. Littelfuse has a fifty-two week low of $131.67 and a fifty-two week high of $212.54.
Several institutional investors have recently bought and sold shares of the company. Suntrust Banks Inc. lifted its position in shares of Littelfuse by 1.1% in the 2nd quarter. Suntrust Banks Inc. now owns 2,486 shares of the technology company’s stock worth $409,000 after buying an additional 26 shares during the last quarter. First Midwest Bank Trust Division lifted its position in Littelfuse by 1.4% in the 2nd quarter. First Midwest Bank Trust Division now owns 2,305 shares of the technology company’s stock valued at $380,000 after purchasing an additional 31 shares during the last quarter. World Asset Management Inc lifted its position in Littelfuse by 2.7% in the 2nd quarter. World Asset Management Inc now owns 1,430 shares of the technology company’s stock valued at $236,000 after purchasing an additional 37 shares during the last quarter. Cubist Systematic Strategies LLC lifted its position in Littelfuse by 2.0% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 2,147 shares of the technology company’s stock valued at $354,000 after purchasing an additional 42 shares during the last quarter. Finally, Advisor Group Inc. lifted its position in Littelfuse by 4.6% in the 2nd quarter. Advisor Group Inc. now owns 1,225 shares of the technology company’s stock valued at $187,000 after purchasing an additional 54 shares during the last quarter. Institutional investors own 96.55% of the company’s stock.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 7th. Stockholders of record on Wednesday, November 22nd will be given a $0.37 dividend. The ex-dividend date of this dividend is Tuesday, November 21st. This represents a $1.48 dividend on an annualized basis and a dividend yield of 0.80%. Littelfuse’s payout ratio is currently 21.57%.
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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