Littelfuse (LFUS) Set to Announce Earnings on Tuesday

Littelfuse (NASDAQ:LFUS) is scheduled to be posting its quarterly earnings results after the market closes on Tuesday, October 29th. Analysts expect Littelfuse to post 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.Individual that wish to listen to the company’s earnings conference call can do so using this link.

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

Littelfuse Price Performance

Shares of Littelfuse stock opened at $253.22 on Friday. Littelfuse has a twelve month low of $212.80 and a twelve month 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 company has a 50-day simple moving average of $259.27 and a two-hundred day simple moving average of $254.24. The stock has a market capitalization of $6.28 billion, a price-to-earnings ratio of 32.63, a price-to-earnings-growth ratio of 2.60 and a beta of 1.27.

Insider Activity at Littelfuse

In related news, CEO David W. Heinzmann sold 8,715 shares of Littelfuse stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 59,654 shares of the company’s stock, valued at approximately $16,369,057.60. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Littelfuse news, CEO David W. Heinzmann sold 2,091 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $274.65, for a total transaction of $574,293.15. Following the sale, the chief executive officer now directly owns 59,654 shares of the company’s stock, valued at $16,383,971.10. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO David W. Heinzmann sold 8,715 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $274.40, for a total transaction of $2,391,396.00. Following the sale, the chief executive officer now directly 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 disclosure for this sale can be found here. In the last three months, insiders have sold 16,028 shares of company stock valued at $4,356,035. 2.30% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Robert W. Baird boosted their target price on shares of Littelfuse from $300.00 to $315.00 and gave the company an “outperform” rating in a research report on Thursday, August 29th. Stifel Nicolaus upgraded shares of Littelfuse from a “hold” rating to a “buy” rating and boosted their target price for the company from $270.00 to $280.00 in a research report on Tuesday, August 13th. TD Cowen boosted their target price on shares of Littelfuse from $250.00 to $260.00 and gave the company a “hold” rating in a research report on Thursday, August 1st. Oppenheimer upgraded shares of Littelfuse from a “market perform” rating to an “outperform” rating and set a $310.00 target price for the company in a research report on Thursday, October 17th. Finally, StockNews.com upgraded shares of Littelfuse from a “hold” rating to a “buy” rating in a research report on Friday, October 18th. Three equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price 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.