Littelfuse (LFUS) to Release Quarterly Earnings on Tuesday

Littelfuse (NASDAQ:LFUS - Get Free Report) is set to announce its earnings results after the market closes on Tuesday, October 29th. Analysts expect the company to announce earnings of $2.09 per share for the quarter. Littelfuse has set its Q3 2024 guidance at 1.950-2.150 EPS and its Q3 guidance at $1.95-2.15 EPS.Investors that are interested in registering for the company's conference call can do so using this link.

Littelfuse (NASDAQ:LFUS - Get Free Report) last announced its quarterly earnings results on Tuesday, July 30th. The technology company reported $1.97 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.75 by $0.22. The company had revenue of $558.49 million for the quarter, compared to the consensus estimate of $540.35 million. Littelfuse had a return on equity of 8.91% and a net margin of 8.71%. Littelfuse's revenue was down 8.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.12 EPS. On average, analysts expect Littelfuse to post $8 EPS for the current fiscal year and $11 EPS for the next fiscal year.

Littelfuse Stock Down 0.5 %

Littelfuse stock traded down $1.21 during trading hours on Tuesday, hitting $253.84. 80,477 shares of the stock traded hands, compared to its average volume of 129,796. The firm's 50-day moving average price is $259.42 and its two-hundred day moving average price is $254.02. The company has a current ratio of 3.50, a quick ratio of 2.42 and a debt-to-equity ratio of 0.32. The company has a market cap of $6.29 billion, a PE ratio of 29.08, a PEG ratio of 2.64 and a beta of 1.27. Littelfuse has a one year low of $212.80 and a one year high of $275.58.

Littelfuse Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Thursday, August 22nd were given a $0.70 dividend. This is a boost from Littelfuse's previous quarterly dividend of $0.65. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date was Thursday, August 22nd. Littelfuse's payout ratio is currently 32.07%.

Insider Transactions at Littelfuse

In related news, CEO David W. Heinzmann sold 8,715 shares of the company's stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $274.40, for a total value of $2,391,396.00. Following the completion of the transaction, the chief executive officer now owns 59,654 shares of the company's stock, valued at approximately $16,369,057.60. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. In related news, CEO David W. Heinzmann sold 3,786 shares of the company's stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $273.92, for a total value of $1,037,061.12. Following the completion of the transaction, the chief executive officer now owns 59,654 shares of the company's stock, valued at approximately $16,340,423.68. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO David W. Heinzmann sold 8,715 shares of the stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $274.40, for a total transaction of $2,391,396.00. Following the transaction, the chief executive officer now directly owns 59,654 shares of the company's stock, valued at $16,369,057.60. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 16,028 shares of company stock worth $4,356,035 in the last three months. Corporate insiders own 2.30% of the company's stock.

Analysts Set New Price Targets

LFUS has been the topic of a number of analyst reports. StockNews.com raised Littelfuse from a "hold" rating to a "buy" rating in a research report on Friday. Robert W. Baird upped their price objective on Littelfuse from $300.00 to $315.00 and gave the company an "outperform" rating in a research report on Thursday, August 29th. Oppenheimer raised Littelfuse from a "market perform" rating to an "outperform" rating and set a $310.00 price objective on the stock in a research report on Thursday, October 17th. TD Cowen upped their price objective on Littelfuse from $250.00 to $260.00 and gave the company a "hold" rating in a research report on Thursday, August 1st. Finally, Stifel Nicolaus raised Littelfuse from a "hold" rating to a "buy" rating and upped their price objective for the company from $270.00 to $280.00 in a research report on Tuesday, August 13th. Three analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $285.00.

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.