Brokers Set Expectations for Littelfuse, Inc.’s Q1 2022 Earnings (NASDAQ:LFUS)

Littelfuse, Inc. (NASDAQ:LFUSGet Rating) – Research analysts at Jefferies Financial Group reduced their Q1 2022 EPS estimates for shares of Littelfuse in a report issued on Tuesday, April 12th. Jefferies Financial Group analyst D. Kelley now forecasts that the technology company will earn $3.27 per share for the quarter, down from their prior estimate of $3.28. Jefferies Financial Group also issued estimates for Littelfuse’s Q2 2022 earnings at $3.48 EPS, Q4 2022 earnings at $3.44 EPS, FY2022 earnings at $13.73 EPS and FY2023 earnings at $14.14 EPS.

Littelfuse (NASDAQ:LFUSGet Rating) last released its quarterly earnings results on Tuesday, February 1st. The technology company reported $3.16 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.92 by $0.24. The business had revenue of $553.10 million during the quarter, compared to the consensus estimate of $523.84 million. Littelfuse had a return on equity of 18.48% and a net margin of 13.65%. The business’s quarterly revenue was up 37.9% compared to the same quarter last year. During the same period in the previous year, the company posted $2.23 EPS.

Other research analysts also recently issued reports about the company. StockNews.com assumed coverage on Littelfuse in a research note on Thursday, March 31st. They set a “hold” rating for the company. Zacks Investment Research cut Littelfuse from a “buy” rating to a “hold” rating in a report on Wednesday. Finally, Robert W. Baird lowered their price target on Littelfuse from $325.00 to $307.00 in a report on Thursday, February 3rd. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Littelfuse currently has a consensus rating of “Buy” and a consensus price target of $311.60.

Shares of NASDAQ:LFUS opened at $232.84 on Wednesday. The stock has a 50 day moving average of $250.22 and a 200 day moving average of $281.20. The company has a market cap of $5.75 billion, a PE ratio of 20.44, a price-to-earnings-growth ratio of 1.38 and a beta of 1.22. The company has a current ratio of 2.92, a quick ratio of 1.90 and a debt-to-equity ratio of 0.32. Littelfuse has a 12-month low of $229.00 and a 12-month high of $334.84.

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 10th. Investors of record on Thursday, February 24th were issued a $0.53 dividend. The ex-dividend date of this dividend was Wednesday, February 23rd. This represents a $2.12 dividend on an annualized basis and a yield of 0.91%. Littelfuse’s dividend payout ratio is presently 18.61%.

In other news, Director William P. Noglows sold 832 shares of the company’s stock in a transaction that occurred on Tuesday, February 8th. The stock was sold at an average price of $256.31, for a total transaction of $213,249.92. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 2.40% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently modified their holdings of the company. Personal CFO Solutions LLC raised its holdings in Littelfuse by 3.0% during the 3rd quarter. Personal CFO Solutions LLC now owns 1,125 shares of the technology company’s stock valued at $307,000 after buying an additional 33 shares during the period. TownSquare Capital LLC raised its holdings in Littelfuse by 1.5% during the 3rd quarter. TownSquare Capital LLC now owns 2,347 shares of the technology company’s stock valued at $641,000 after buying an additional 35 shares during the period. Synovus Financial Corp raised its holdings in Littelfuse by 4.0% during the 4th quarter. Synovus Financial Corp now owns 1,024 shares of the technology company’s stock valued at $322,000 after buying an additional 39 shares during the period. Captrust Financial Advisors raised its holdings in Littelfuse by 18.6% during the 3rd quarter. Captrust Financial Advisors now owns 274 shares of the technology company’s stock valued at $75,000 after buying an additional 43 shares during the period. Finally, Fieldpoint Private Securities LLC raised its holdings in Littelfuse by 0.3% during the 1st quarter. Fieldpoint Private Securities LLC now owns 15,327 shares of the technology company’s stock valued at $3,823,000 after buying an additional 43 shares during the period. 93.85% of the stock is currently owned by institutional investors and hedge funds.

Littelfuse Company Profile (Get Rating)

Littelfuse, Inc manufactures and sells circuit protection, power control, and sensing products in the Asia-Pacific, the Americas, and Europe. The company's Electronics segment offers fuses and fuse accessories, positive temperature coefficient resettable fuses, 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.

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Earnings History and Estimates for Littelfuse (NASDAQ:LFUS)

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