Littelfuse (LFUS) Expected to Announce Quarterly Sales of $457.85 Million

Equities analysts forecast that Littelfuse (NASDAQ:LFUS) will announce $457.85 million in sales for the current quarter, Zacks reports. Four analysts have provided estimates for Littelfuse’s earnings, with the lowest sales estimate coming in at $455.93 million and the highest estimate coming in at $460.00 million. Littelfuse posted sales of $313.36 million during the same quarter last year, which would indicate a positive year over year growth rate of 46.1%. The company is scheduled to report its next quarterly earnings results on Wednesday, August 1st.

According to Zacks, analysts expect that Littelfuse will report full-year sales of $1.76 billion for the current financial year, with estimates ranging from $1.73 billion to $1.80 billion. For the next fiscal year, analysts expect that the company will report sales of $1.86 billion per share, with estimates ranging from $1.83 billion to $1.90 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Littelfuse.

Littelfuse (NASDAQ:LFUS) last announced its quarterly earnings results on Wednesday, May 2nd. The technology company reported $2.39 EPS for the quarter, beating the Zacks’ consensus estimate of $1.81 by $0.58. The business had revenue of $417.81 million during the quarter, compared to analyst estimates of $391.22 million. Littelfuse had a net margin of 8.62% and a return on equity of 18.83%. Littelfuse’s quarterly revenue was up 46.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.69 EPS.

A number of analysts have commented on the stock. BidaskClub lowered shares of Littelfuse from a “buy” rating to a “hold” rating in a research note on Tuesday, February 13th. Zacks Investment Research lowered shares of Littelfuse from a “buy” rating to a “hold” rating in a research note on Wednesday, April 4th. Barrington Research restated a “hold” rating on shares of Littelfuse in a research note on Tuesday, May 1st. Finally, ValuEngine upgraded shares of Littelfuse from a “hold” rating to a “buy” rating in a research note on Thursday, May 3rd. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $212.75.

Shares of LFUS stock opened at $216.96 on Friday. The firm has a market cap of $5.37 billion, a price-to-earnings ratio of 28.03, a price-to-earnings-growth ratio of 1.88 and a beta of 1.00. The company has a debt-to-equity ratio of 0.52, a current ratio of 3.68 and a quick ratio of 2.68. Littelfuse has a 12 month low of $214.69 and a 12 month high of $216.68.

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 7th. Stockholders of record on Thursday, May 24th will be paid a $0.37 dividend. The ex-dividend date of this dividend is Wednesday, May 23rd. This represents a $1.48 annualized dividend and a dividend yield of 0.68%. Littelfuse’s payout ratio is 19.12%.

In other news, CEO David W. Heinzmann sold 5,000 shares of the company’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $209.90, for a total value of $1,049,500.00. Following the completion of the sale, the chief executive officer now owns 40,941 shares in the company, valued at approximately $8,593,515.90. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director John E. Major sold 1,716 shares of the company’s stock in a transaction on Wednesday, May 16th. The stock was sold at an average price of $218.00, for a total transaction of $374,088.00. Following the completion of the sale, the director now owns 26,322 shares of the company’s stock, valued at approximately $5,738,196. The disclosure for this sale can be found here. In the last quarter, insiders sold 67,235 shares of company stock valued at $14,429,816. Company insiders own 3.80% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Intrust Bank NA purchased a new position in shares of Littelfuse in the 1st quarter worth about $203,000. Cigna Investments Inc. New purchased a new position in shares of Littelfuse in the 1st quarter worth about $205,000. Zeke Capital Advisors LLC purchased a new position in shares of Littelfuse in the 4th quarter worth about $210,000. Advisor Partners LLC purchased a new position in shares of Littelfuse in the 4th quarter worth about $212,000. Finally, Stone Ridge Asset Management LLC purchased a new position in shares of Littelfuse in the 4th quarter worth about $218,000. Hedge funds and other institutional investors own 94.87% of the company’s stock.

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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Earnings History and Estimates for Littelfuse (NASDAQ:LFUS)

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