Littelfuse, Inc. (LFUS) Releases Q3 Earnings Guidance

Littelfuse, Inc. (NASDAQ:LFUS) issued an update on its third quarter earnings guidance on Wednesday morning. The company provided EPS guidance of $2.02-2.16 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.95. The company issued revenue guidance of $311-323 million, compared to the consensus revenue estimate of $305.27 million.

Shares of Littelfuse, Inc. (NASDAQ:LFUS) traded up 1.40% during midday trading on Friday, hitting $181.03. 130,550 shares of the company traded hands. The stock has a 50 day moving average of $175.43 and a 200-day moving average of $164.21. The stock has a market capitalization of $4.11 billion, a PE ratio of 28.49 and a beta of 0.96. Littelfuse, Inc. has a 52 week low of $116.97 and a 52 week high of $188.60.

Littelfuse (NASDAQ:LFUS) last announced its quarterly earnings data on Wednesday, August 2nd. The technology company reported $2.10 earnings per share (EPS) for the quarter, hitting the consensus estimate of $2.10. Littelfuse had a return on equity of 19.67% and a net margin of 12.51%. The firm had revenue of $313.36 million during the quarter, compared to analysts’ expectations of $312.97 million. During the same period last year, the business posted $1.44 earnings per share. The company’s revenue for the quarter was up 15.2% compared to the same quarter last year. Equities analysts forecast that Littelfuse, Inc. will post $7.73 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 7th. Stockholders of record on Thursday, August 24th will be paid a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 0.82%. This is a boost from Littelfuse’s previous quarterly dividend of $0.33. The ex-dividend date is Tuesday, August 22nd. Littelfuse’s dividend payout ratio (DPR) is presently 20.82%.

Littelfuse announced that its board has approved a stock repurchase program on Wednesday, May 3rd that authorizes the company to buyback 1,000,000 outstanding shares. This buyback authorization authorizes the technology company to purchase shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

Several analysts recently commented on LFUS shares. Zacks Investment Research raised Littelfuse from a hold rating to a buy rating and set a $170.00 target price on the stock in a report on Friday, April 14th. BidaskClub lowered Littelfuse from a sell rating to a strong sell rating in a report on Thursday, June 22nd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. The company has a consensus rating of Hold and a consensus price target of $187.40.

In other news, SVP Matthew Cole sold 150 shares of the firm’s stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $169.23, for a total value of $25,384.50. Following the transaction, the senior vice president now owns 3,985 shares in the company, valued at $674,381.55. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Dieter Roeder sold 8,490 shares of the firm’s stock in a transaction that occurred on Tuesday, May 30th. The shares were sold at an average price of $163.06, for a total value of $1,384,379.40. Following the completion of the transaction, the senior vice president now owns 7,143 shares in the company, valued at approximately $1,164,737.58. The disclosure for this sale can be found here. Company insiders own 1.80% of the company’s stock.

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Littelfuse Company Profile

Littelfuse, Inc is a supplier of circuit protection products for the electronics, automotive and industrial markets. The Company operates through three segments. The Electronics segment provides circuit protection components for overcurrent and overvoltage protection, as well as sensor components and modules to manufacturers of a range of electronic products.

Earnings History and Estimates for Littelfuse (NASDAQ:LFUS)

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