Littelfuse, Inc. (NASDAQ:LFUS) Expected to Announce Quarterly Sales of $408.67 Million
Wall Street brokerages expect Littelfuse, Inc. (NASDAQ:LFUS) to post sales of $408.67 million for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Littelfuse’s earnings, with estimates ranging from $398.11 million to $416.00 million. Littelfuse reported sales of $459.18 million in the same quarter last year, which indicates a negative year over year growth rate of 11%. The company is expected to issue its next earnings report before the market opens on Wednesday, July 31st.
According to Zacks, analysts expect that Littelfuse will report full year sales of $1.61 billion for the current year, with estimates ranging from $1.58 billion to $1.65 billion. For the next fiscal year, analysts forecast that the firm will report sales of $1.68 billion, with estimates ranging from $1.63 billion to $1.72 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that cover Littelfuse.
Littelfuse (NASDAQ:LFUS) last announced its quarterly earnings results on Wednesday, May 1st. The technology company reported $1.96 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.92 by $0.04. The company had revenue of $405.50 million for the quarter, compared to analyst estimates of $407.53 million. Littelfuse had a net margin of 9.70% and a return on equity of 15.27%. Littelfuse’s revenue for the quarter was down 2.9% on a year-over-year basis. During the same quarter last year, the business earned $2.39 EPS.
Shares of LFUS traded down $2.45 during mid-day trading on Thursday, reaching $186.47. The company had a trading volume of 333,420 shares, compared to its average volume of 188,481. The firm has a market capitalization of $4.61 billion, a PE ratio of 19.75, a price-to-earnings-growth ratio of 1.95 and a beta of 1.10. The company’s fifty day simple moving average is $174.98. Littelfuse has a fifty-two week low of $155.15 and a fifty-two week high of $229.73. The company has a debt-to-equity ratio of 0.45, a quick ratio of 2.85 and a current ratio of 3.82.
In related news, SVP Deepak Nayar sold 3,947 shares of Littelfuse stock in a transaction on Monday, May 6th. The shares were sold at an average price of $187.74, for a total transaction of $741,009.78. Following the sale, the senior vice president now owns 3,502 shares of the company’s stock, valued at approximately $657,465.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Ian Highley sold 986 shares of Littelfuse stock in a transaction on Wednesday, May 29th. The stock was sold at an average price of $165.79, for a total transaction of $163,468.94. Following the sale, the senior vice president now directly owns 1,839 shares in the company, valued at approximately $304,887.81. The disclosure for this sale can be found here. Company insiders own 3.50% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in the stock. Principal Financial Group Inc. increased its stake in Littelfuse by 2.1% during the 1st quarter. Principal Financial Group Inc. now owns 798,341 shares of the technology company’s stock worth $145,683,000 after buying an additional 16,688 shares during the period. Victory Capital Management Inc. increased its position in shares of Littelfuse by 29.9% in the 1st quarter. Victory Capital Management Inc. now owns 551,097 shares of the technology company’s stock worth $100,564,000 after purchasing an additional 126,825 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Littelfuse by 0.3% in the 1st quarter. JPMorgan Chase & Co. now owns 277,609 shares of the technology company’s stock worth $50,658,000 after purchasing an additional 956 shares during the last quarter. Norges Bank bought a new stake in shares of Littelfuse in the 4th quarter worth about $45,583,000. Finally, Geode Capital Management LLC increased its position in shares of Littelfuse by 8.8% in the 4th quarter. Geode Capital Management LLC now owns 258,284 shares of the technology company’s stock worth $44,290,000 after purchasing an additional 20,859 shares during the last quarter. 98.77% of the stock is currently owned by hedge funds and other institutional investors.
Littelfuse, Inc designs, manufactures, and sells circuit protection, power control, and sensing products worldwide. The company's Electronics segment offers fuses and fuse accessories, positive temperature coefficient resettable fuses, polymer electrostatic discharge suppressors, varistors, magnetic sensing products, and gas discharge tubes; and discrete transient voltage suppressor (TVS) diodes, TVS diode arrays, protection and switching thyristors, silicon carbide, metal-oxide-semiconductor field-effect transistors, and silicon carbide diodes, as well as insulated gate bipolar transistors.
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