Analysts Expect Littelfuse, Inc. (NASDAQ:LFUS) Will Post Earnings of $3.63 Per Share

Analysts predict that Littelfuse, Inc. (NASDAQ:LFUS – Get Rating) will announce $3.63 earnings per share (EPS) for the current quarter, Zacks reports. Three analysts have made estimates for Littelfuse’s earnings. The lowest EPS estimate is $3.48 and the highest is $3.80. Littelfuse posted earnings per share of $3.41 in the same quarter last year, which indicates a positive year over year growth rate of 6.5%. The company is expected to announce its next quarterly earnings report on Monday, January 1st.

On average, analysts expect that Littelfuse will report full year earnings of $13.95 per share for the current financial year, with EPS estimates ranging from $13.73 to $14.05. For the next financial year, analysts forecast that the firm will post earnings of $14.42 per share, with EPS estimates ranging from $13.95 to $14.80. Zacks’ earnings per share averages are a mean average based on a survey of research analysts that cover Littelfuse.

Littelfuse (NASDAQ:LFUS – Get Rating) last posted its earnings results on Tuesday, May 3rd. The technology company reported $4.99 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $3.24 by $1.75. The firm had revenue of $623.30 million during the quarter, compared to the consensus estimate of $573.74 million. Littelfuse had a net margin of 13.65% and a return on equity of 18.48%. The firm’s revenue for the quarter was up 34.4% on a year-over-year basis. During the same quarter last year, the firm earned $2.67 EPS.

Several research firms have commented on LFUS. Zacks Investment Research upgraded shares of Littelfuse from a “sell” rating to a “hold” rating in a research note on Wednesday. StockNews.com started coverage on shares of Littelfuse in a research report on Thursday, March 31st. They set a “hold” rating for the company. Finally, Robert W. Baird decreased their price objective on shares of Littelfuse from $325.00 to $307.00 in a research report on Thursday, February 3rd. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $314.50.

NASDAQ:LFUS opened at $235.45 on Wednesday. The company has a fifty day simple moving average of $243.11 and a two-hundred day simple moving average of $276.73. The company has a market cap of $5.81 billion, a price-to-earnings ratio of 20.67, a price-to-earnings-growth ratio of 1.37 and a beta of 1.20. The company has a quick ratio of 1.90, a current ratio of 2.92 and a debt-to-equity ratio of 0.32. Littelfuse has a 52 week low of $223.31 and a 52 week high of $334.84.

In other news, Director William P. Noglows sold 832 shares of the business’s stock in a transaction dated Tuesday, February 8th. The shares were sold at an average price of $256.31, for a total transaction of $213,249.92. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 2.40% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the business. Russell Investments Group Ltd. grew its position in Littelfuse by 0.9% during the third quarter. Russell Investments Group Ltd. now owns 40,263 shares of the technology company’s stock worth $11,000,000 after buying an additional 349 shares during the period. Yousif Capital Management LLC purchased a new stake in shares of Littelfuse in the fourth quarter valued at about $4,032,000. Laffer Tengler Investments lifted its holdings in shares of Littelfuse by 17.6% in the third quarter. Laffer Tengler Investments now owns 1,001 shares of the technology company’s stock valued at $274,000 after purchasing an additional 150 shares in the last quarter. Wealthfront Advisers LLC lifted its holdings in shares of Littelfuse by 6.3% in the fourth quarter. Wealthfront Advisers LLC now owns 822 shares of the technology company’s stock valued at $259,000 after purchasing an additional 49 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. lifted its holdings in shares of Littelfuse by 19.2% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 3,233 shares of the technology company’s stock valued at $883,000 after purchasing an additional 521 shares in the last quarter. Institutional investors own 95.22% of the company’s stock.

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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