Littelfuse (NASDAQ:LFUS) Issues Q4 2024 Earnings Guidance

Littelfuse (NASDAQ:LFUS) updated its fourth quarter 2024 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 1.900-2.100 for the period, compared to the consensus estimate of 2.360. The company issued revenue guidance of $510.0 million-$540.0 million, compared to the consensus revenue estimate of $551.4 million. Littelfuse also updated its Q4 guidance to $1.90-2.10 EPS.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Oppenheimer raised Littelfuse from a “market perform” rating to an “outperform” rating and set a $310.00 target price on the stock in a research note on Thursday, October 17th. Stifel Nicolaus raised Littelfuse from a “hold” rating to a “buy” rating and upped their target price for the company from $270.00 to $280.00 in a research note on Tuesday, August 13th. Benchmark reaffirmed a “hold” rating on shares of Littelfuse in a research note on Wednesday. Robert W. Baird upped their target price on Littelfuse from $300.00 to $315.00 and gave the company an “outperform” rating in a research note on Thursday, August 29th. Finally, StockNews.com raised Littelfuse from a “hold” rating to a “buy” rating in a research note on Friday, October 18th. Three research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $285.00.

Littelfuse Stock Up 1.7 %

Shares of NASDAQ:LFUS traded up $4.13 on Friday, reaching $248.76. The company had a trading volume of 26,322 shares, compared to its average volume of 129,429. Littelfuse has a 52-week low of $222.91 and a 52-week high of $275.58. The firm’s 50 day simple moving average is $258.11 and its 200-day simple moving average is $254.60. The firm has a market capitalization of $6.17 billion, a PE ratio of 31.44, a PEG ratio of 2.57 and a beta of 1.27. 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 announced its quarterly earnings results on Tuesday, October 29th. The technology company reported $2.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.08 by $0.63. Littelfuse had a return on equity of 8.49% and a net margin of 8.88%. The business had revenue of $567.39 million for the quarter, compared to the consensus estimate of $557.38 million. During the same period last year, the business posted $2.97 EPS. The business’s revenue was down 6.5% compared to the same quarter last year. As a group, analysts expect that Littelfuse will post 8.14 earnings per share for the current fiscal year.

Littelfuse Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 21st will be issued a $0.70 dividend. The ex-dividend date is Thursday, November 21st. This represents a $2.80 annualized dividend and a dividend yield of 1.13%. Littelfuse’s dividend payout ratio (DPR) is presently 35.99%.

Insider Activity

In other news, CEO David W. Heinzmann sold 2,091 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $274.65, for a total value of $574,293.15. Following the completion of the sale, the chief executive officer now directly owns 59,654 shares in the company, valued at $16,383,971.10. This represents 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 this link. In other Littelfuse news, CEO David W. Heinzmann sold 2,091 shares of the company’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $274.65, for a total transaction of $574,293.15. Following the transaction, the chief executive officer now directly owns 59,654 shares in the company, valued at $16,383,971.10. This represents 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. Also, CEO David W. Heinzmann sold 8,715 shares of the company’s stock in a transaction 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 trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 12,242 shares of company stock valued at $3,318,974 in the last quarter. 2.30% of the stock is currently owned by company insiders.

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.