Zacks: Brokerages Anticipate Littelfuse, Inc. (LFUS) to Post $1.93 EPS

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Equities analysts predict that Littelfuse, Inc. (NASDAQ:LFUS) will report earnings of $1.93 per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Littelfuse’s earnings, with the lowest EPS estimate coming in at $1.91 and the highest estimate coming in at $1.94. Littelfuse reported earnings per share of $2.39 during the same quarter last year, which suggests a negative year over year growth rate of 19.2%. The firm is expected to announce its next earnings results on Wednesday, May 1st.

On average, analysts expect that Littelfuse will report full-year earnings of $9.46 per share for the current fiscal year, with EPS estimates ranging from $9.05 to $9.70. For the next year, analysts anticipate that the firm will report earnings of $10.53 per share, with EPS estimates ranging from $10.00 to $10.75. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that cover Littelfuse.

Littelfuse (NASDAQ:LFUS) last posted its quarterly earnings results on Wednesday, January 30th. The technology company reported $1.87 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.00 by ($0.13). Littelfuse had a return on equity of 16.12% and a net margin of 9.58%. The company had revenue of $402.30 million during the quarter, compared to the consensus estimate of $413.77 million. During the same quarter in the prior year, the business earned $1.81 earnings per share. The firm’s revenue for the quarter was up 31.9% on a year-over-year basis.

LFUS has been the topic of several recent research reports. Oppenheimer upgraded Littelfuse from a “market perform” rating to an “outperform” rating and set a $215.00 price target on the stock in a research report on Tuesday, January 8th. Zacks Investment Research upgraded Littelfuse from a “sell” rating to a “hold” rating in a research report on Tuesday, November 6th. Barrington Research restated a “hold” rating on shares of Littelfuse in a research report on Monday, October 29th. BidaskClub upgraded Littelfuse from a “strong sell” rating to a “sell” rating in a research report on Friday, November 2nd. Finally, ValuEngine upgraded Littelfuse from a “sell” rating to a “hold” rating in a research report on Thursday, November 1st. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Littelfuse has an average rating of “Buy” and a consensus target price of $227.00.

In other Littelfuse news, Director William P. Noglows sold 578 shares of Littelfuse stock in a transaction dated Tuesday, February 5th. The stock was sold at an average price of $182.50, for a total transaction of $105,485.00. Following the transaction, the director now directly owns 22,608 shares in the company, valued at $4,125,960. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Matthew Cole sold 170 shares of Littelfuse stock in a transaction dated Tuesday, February 5th. The stock was sold at an average price of $183.40, for a total value of $31,178.00. Following the transaction, the senior vice president now owns 3,993 shares in the company, valued at $732,316.20. The disclosure for this sale can be found here. Insiders own 3.80% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Private Capital Group LLC raised its stake in shares of Littelfuse by 78.4% in the 4th quarter. Private Capital Group LLC now owns 157 shares of the technology company’s stock valued at $27,000 after purchasing an additional 69 shares during the period. Doyle Wealth Management acquired a new stake in shares of Littelfuse in the 4th quarter valued at about $34,000. Enlightenment Research LLC acquired a new stake in shares of Littelfuse in the 4th quarter valued at about $51,000. Captrust Financial Advisors raised its stake in shares of Littelfuse by 25.0% in the 4th quarter. Captrust Financial Advisors now owns 445 shares of the technology company’s stock valued at $76,000 after purchasing an additional 89 shares during the period. Finally, Parallel Advisors LLC raised its stake in shares of Littelfuse by 496.3% in the 3rd quarter. Parallel Advisors LLC now owns 644 shares of the technology company’s stock valued at $127,000 after purchasing an additional 536 shares during the period. 95.63% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ:LFUS traded up $3.88 during midday trading on Wednesday, hitting $187.17. The company had a trading volume of 117,012 shares, compared to its average volume of 163,966. Littelfuse has a 12 month low of $155.15 and a 12 month high of $238.10. The company has a quick ratio of 2.62, a current ratio of 3.50 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $4.71 billion, a P/E ratio of 19.83, a P/E/G ratio of 1.62 and a beta of 0.91.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 7th. Shareholders of record on Thursday, February 21st will be issued a dividend of $0.43 per share. The ex-dividend date of this dividend is Wednesday, February 20th. This represents a $1.72 annualized dividend and a yield of 0.92%. Littelfuse’s dividend payout ratio is presently 18.22%.

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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