Littelfuse (NASDAQ:LFUS) Announces Quarterly Earnings Results, Beats Estimates By $0.63 EPS

Littelfuse (NASDAQ:LFUS - Get Free Report) announced its quarterly earnings data on Tuesday. The technology company reported $2.71 earnings per share for the quarter, topping the consensus estimate of $2.08 by $0.63, Briefing.com reports. The company had revenue of $567.39 million during the quarter, compared to analyst estimates of $557.38 million. Littelfuse had a return on equity of 8.91% and a net margin of 8.71%. The firm's revenue for the quarter was down 6.5% on a year-over-year basis. During the same quarter last year, the firm posted $2.97 EPS. Littelfuse updated its Q4 2024 guidance to 1.900-2.100 EPS and its Q4 guidance to $1.90-2.10 EPS.

Littelfuse Trading Down 3.0 %

NASDAQ:LFUS traded down $7.77 during mid-day trading on Wednesday, hitting $251.37. 87,919 shares of the stock traded hands, compared to its average volume of 129,507. Littelfuse has a 52 week low of $213.01 and a 52 week high of $275.58. The company has a quick ratio of 2.42, a current ratio of 3.50 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $6.23 billion, a price-to-earnings ratio of 28.49, a PEG ratio of 2.60 and a beta of 1.27. The firm's 50 day moving average is $259.00 and its two-hundred day moving average is $254.69.

Insider Activity

In other Littelfuse news, CEO David W. Heinzmann sold 8,715 shares of Littelfuse stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $274.40, for a total value of $2,391,396.00. Following the transaction, the chief executive officer now owns 59,654 shares in the company, valued at $16,369,057.60. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, SVP Matthew Cole sold 1,436 shares of Littelfuse stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $246.02, for a total transaction of $353,284.72. Following the completion of the transaction, the senior vice president now directly owns 5,522 shares of the company's stock, valued at $1,358,522.44. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO David W. Heinzmann sold 8,715 shares of the stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $274.40, for a total value of $2,391,396.00. Following the transaction, the chief executive officer now owns 59,654 shares in the company, valued at $16,369,057.60. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 12,242 shares of company stock valued at $3,318,974. 2.30% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research analysts have recently commented on LFUS shares. Oppenheimer raised Littelfuse from a "market perform" rating to an "outperform" rating and set a $310.00 price objective for the company in a report on Thursday, October 17th. StockNews.com upgraded Littelfuse from a "hold" rating to a "buy" rating in a research report on Friday, October 18th. Benchmark reiterated a "hold" rating on shares of Littelfuse in a report on Wednesday. Stifel Nicolaus upgraded shares of Littelfuse from a "hold" rating to a "buy" rating and lifted their price target for the company from $270.00 to $280.00 in a report on Tuesday, August 13th. Finally, TD Cowen upped their target price on Littelfuse from $250.00 to $260.00 and gave the stock a "hold" rating in a report on Thursday, August 1st. Three investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $285.00.

About Littelfuse

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.

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