Littelfuse (LFUS) Scheduled to Post Earnings on Tuesday

Littelfuse (NASDAQ:LFUS) is scheduled to issue its quarterly earnings data after the market closes on Tuesday, April 30th. Analysts expect the company to announce earnings of $1.75 per share for the quarter. Littelfuse has set its Q1 2024 guidance at 1.650-1.850 EPS and its Q1 guidance at $1.65-1.85 EPS.Parties that are interested in registering for the company’s conference call can do so using this link.

Littelfuse (NASDAQ:LFUS) last released its quarterly earnings results on Tuesday, January 30th. The technology company reported $2.02 earnings per share (EPS) for the quarter, hitting the consensus estimate of $2.02. Littelfuse had a net margin of 10.98% and a return on equity of 12.35%. The business had revenue of $533.80 million for the quarter, compared to analyst estimates of $535.76 million. During the same period in the previous year, the company earned $3.34 earnings per share. The business’s revenue for the quarter was down 12.9% on a year-over-year basis. On average, analysts expect Littelfuse to post $9 EPS for the current fiscal year and $11 EPS for the next fiscal year.

Littelfuse Stock Up 0.9 %

Shares of LFUS stock opened at $228.84 on Tuesday. The stock’s fifty day moving average price is $236.43 and its 200 day moving average price is $239.54. Littelfuse has a 1-year low of $212.80 and a 1-year high of $309.94. The company has a market cap of $5.70 billion, a price-to-earnings ratio of 22.13, a price-to-earnings-growth ratio of 2.00 and a beta of 1.34. The company has a debt-to-equity ratio of 0.35, a current ratio of 3.75 and a quick ratio of 2.49.

Littelfuse Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 7th. Investors of record on Thursday, February 22nd were given a $0.65 dividend. The ex-dividend date of this dividend was Wednesday, February 21st. This represents a $2.60 dividend on an annualized basis and a yield of 1.14%. Littelfuse’s dividend payout ratio is currently 25.15%.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Jefferies Financial Group initiated coverage on Littelfuse in a research report on Tuesday, April 9th. They set a “hold” rating and a $260.00 price target on the stock. StockNews.com cut Littelfuse from a “buy” rating to a “hold” rating in a research report on Saturday, March 30th.

Insider Transactions at Littelfuse

In related news, SVP Maggie Chu sold 1,522 shares of the business’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $240.74, for a total value of $366,406.28. Following the completion of the sale, the senior vice president now owns 3,086 shares of the company’s stock, valued at approximately $742,923.64. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, SVP Maggie Chu sold 1,522 shares of the firm’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $240.74, for a total value of $366,406.28. Following the transaction, the senior vice president now directly owns 3,086 shares of the company’s stock, valued at approximately $742,923.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Matthew Cole sold 916 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $248.18, for a total value of $227,332.88. Following the sale, the senior vice president now owns 5,530 shares of the company’s stock, valued at $1,372,435.40. The disclosure for this sale can be found here. Insiders sold a total of 4,370 shares of company stock valued at $1,064,413 in the last three months. 2.30% of the stock is currently owned by company insiders.

Littelfuse Company Profile

Littelfuse, Inc designs, manufactures, and sells electronic components, modules, and subassemblies in the Americas, Asia-Pacific, and Europe. The company operates through Electronic, Transportation, and Industrial segments. The Electronics segment offers fuses and fuse accessories, positive temperature coefficient resettable fuses, electromechanical switches and interconnect solutions, polymer electrostatic discharge suppressors, varistors, reed switch based magnetic sensing products, and gas discharge tubes; and discrete transient voltage suppressor (TVS) diodes, TVS diode arrays, protection and switching thyristors, metal-oxide-semiconductor field-effect transistors and diodes, and insulated gate bipolar transistors.