Littelfuse (NASDAQ:LFUS) Issues Q4 Earnings Guidance

Littelfuse (NASDAQ:LFUS) issued an update on its fourth quarter earnings guidance on Tuesday morning. The company provided EPS guidance of $1.90-2.10 for the period, compared to the consensus EPS estimate of $2.36. The company issued revenue guidance of $510-540 million, compared to the consensus revenue estimate of $551.40 million. Littelfuse also updated its Q4 2024 guidance to 1.900-2.100 EPS.

Littelfuse Stock Up 2.0 %

NASDAQ:LFUS traded up $4.81 during trading hours on Friday, reaching $249.44. 88,479 shares of the company traded hands, compared to its average volume of 129,722. The business’s 50-day moving average price is $258.11 and its two-hundred day moving average price is $254.60. The stock has a market capitalization of $6.18 billion, a P/E ratio of 31.44, a P/E/G ratio of 2.57 and a beta of 1.27. Littelfuse has a 1 year low of $222.91 and a 1 year high of $275.58. The company has a current ratio of 3.55, a quick ratio of 2.42 and a debt-to-equity ratio of 0.31.

Littelfuse (NASDAQ:LFUS) last posted its earnings results on Tuesday, October 29th. The technology company reported $2.71 EPS for the quarter, topping analysts’ consensus estimates of $2.08 by $0.63. The business had revenue of $567.39 million during the quarter, compared to analyst estimates of $557.38 million. Littelfuse had a return on equity of 8.49% and a net margin of 8.88%. The company’s quarterly revenue was down 6.5% compared to the same quarter last year. During the same quarter last year, the company earned $2.97 EPS. Analysts predict that Littelfuse will post 8.14 earnings per share for the current year.

Littelfuse Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 21st will be issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date is Thursday, November 21st. Littelfuse’s payout ratio is 35.99%.

Wall Street Analyst Weigh In

A number of analysts have commented on LFUS shares. Stifel Nicolaus raised Littelfuse from a “hold” rating to a “buy” rating and lifted their target price for the stock from $270.00 to $280.00 in a report on Tuesday, August 13th. Benchmark reissued a “hold” rating on shares of Littelfuse in a report on Wednesday. Robert W. Baird lifted their price objective on Littelfuse from $300.00 to $315.00 and gave the stock an “outperform” rating in a report on Thursday, August 29th. 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. Finally, TD Cowen lifted their price objective on Littelfuse from $250.00 to $260.00 and gave the stock a “hold” rating in a report on Thursday, August 1st. Three analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $285.00.

Insider Buying and Selling at Littelfuse

In other Littelfuse news, SVP Matthew Cole sold 1,436 shares of the business’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $246.02, for a total transaction of $353,284.72. Following the completion of the sale, the senior vice president now owns 5,522 shares of the company’s stock, valued at approximately $1,358,522.44. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Littelfuse news, SVP Matthew Cole sold 1,436 shares of the business’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $246.02, for a total transaction of $353,284.72. Following the completion of the sale, the senior vice president now owns 5,522 shares of the company’s stock, valued at approximately $1,358,522.44. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO David W. Heinzmann sold 8,715 shares of the business’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 59,654 shares of the company’s stock, 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 quarter, insiders sold 12,242 shares of company stock valued at $3,318,974. Company insiders own 2.30% of the company’s stock.

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.