Analysts expect that Littelfuse, Inc. (NASDAQ:LFUS) will post sales of $441.85 million for the current quarter, Zacks reports. Four analysts have made estimates for Littelfuse’s earnings, with the highest sales estimate coming in at $444.00 million and the lowest estimate coming in at $440.00 million. Littelfuse posted sales of $317.89 million during the same quarter last year, which suggests a positive year over year growth rate of 39%. The firm is scheduled to issue its next quarterly earnings report on Wednesday, November 7th.
On average, analysts expect that Littelfuse will report full-year sales of $1.73 billion for the current financial year, with estimates ranging from $1.71 billion to $1.75 billion. For the next fiscal year, analysts anticipate that the firm 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 sell-side analysts that cover Littelfuse.
Littelfuse (NASDAQ:LFUS) last released its quarterly earnings data on Wednesday, August 1st. The technology company reported $2.68 earnings per share for the quarter, beating the consensus estimate of $2.50 by $0.18. Littelfuse had a return on equity of 18.22% and a net margin of 7.36%. The firm had revenue of $459.20 million during the quarter, compared to the consensus estimate of $458.84 million. During the same period last year, the business posted $2.10 EPS. Littelfuse’s quarterly revenue was up 46.5% on a year-over-year basis.
In other Littelfuse news, SVP Matthew Cole sold 150 shares of the firm’s stock in a transaction dated Wednesday, August 8th. The stock was sold at an average price of $227.26, for a total value of $34,089.00. Following the transaction, the senior vice president now directly owns 4,163 shares of the company’s stock, valued at $946,083.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Ian Highley sold 12,118 shares of the firm’s stock in a transaction dated 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 transaction, the senior vice president now directly owns 12,151 shares in the company, valued at $2,670,789.80. The disclosure for this sale can be found here. Insiders sold 28,502 shares of company stock worth $6,314,954 in the last quarter. 3.80% of the stock is owned by insiders.
A number of large investors have recently added to or reduced their stakes in LFUS. Summit Trail Advisors LLC raised its position in Littelfuse by 12,458.6% in the first quarter. Summit Trail Advisors LLC now owns 126,088 shares of the technology company’s stock valued at $126,000 after purchasing an additional 125,084 shares during the period. Cigna Investments Inc. New purchased a new position in Littelfuse in the first quarter valued at about $205,000. Gideon Capital Advisors Inc. purchased a new position in Littelfuse in the second quarter valued at about $205,000. CIBC Asset Management Inc purchased a new position in Littelfuse in the second quarter valued at about $205,000. Finally, Bremer Trust National Association purchased a new position in Littelfuse in the second quarter valued at about $212,000. 97.05% of the stock is currently owned by institutional investors.
LFUS stock opened at $221.88 on Friday. Littelfuse has a 52-week low of $182.03 and a 52-week high of $238.10. The firm has a market cap of $5.50 billion, a PE ratio of 24.35, a price-to-earnings-growth ratio of 1.91 and a beta of 0.92. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.69 and a current ratio of 3.59.
The company also recently announced a quarterly dividend, which was paid on Thursday, September 6th. Investors of record on Thursday, August 23rd were issued a $0.43 dividend. The ex-dividend date of this dividend was Wednesday, August 22nd. This represents a $1.72 dividend on an annualized basis and a yield of 0.78%. This is a boost from Littelfuse’s previous quarterly dividend of $0.37. Littelfuse’s dividend payout ratio (DPR) is presently 22.22%.
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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