Littelfuse (NASDAQ:LFUS) Releases Q4 Earnings Guidance

Littelfuse (NASDAQ:LFUS) updated its fourth quarter earnings guidance on Tuesday. The company provided earnings per share guidance of $1.90-2.10 for the period, compared to the consensus earnings per share 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 Trading Up 1.8 %

NASDAQ:LFUS traded up $4.47 on Tuesday, hitting $259.14. 257,676 shares of the stock were exchanged, compared to its average volume of 129,706. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.42 and a current ratio of 3.50. Littelfuse has a 52 week low of $212.80 and a 52 week high of $275.58. The stock has a market capitalization of $6.42 billion, a price-to-earnings ratio of 29.68, a P/E/G ratio of 2.60 and a beta of 1.27. The company’s 50-day moving average price is $259.11 and its 200 day moving average price is $254.50.

Littelfuse (NASDAQ:LFUS) last posted its quarterly earnings results on Tuesday, July 30th. The technology company reported $1.97 earnings per share for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $540.35 million. During the same period in the previous year, the firm posted $3.12 earnings per share. Littelfuse’s revenue for the quarter was down 8.7% compared to the same quarter last year. On average, equities research analysts forecast that Littelfuse will post 8.14 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have recently issued reports on LFUS. Robert W. Baird raised their price target on Littelfuse from $300.00 to $315.00 and gave the stock an “outperform” rating in a research report on Thursday, August 29th. Stifel Nicolaus upgraded Littelfuse from a “hold” rating to a “buy” rating and raised their target price for the stock from $270.00 to $280.00 in a report on Tuesday, August 13th. TD Cowen upped their price target on Littelfuse from $250.00 to $260.00 and gave the company a “hold” rating in a research note on Thursday, August 1st. Oppenheimer raised shares of Littelfuse from a “market perform” rating to an “outperform” rating and set a $310.00 price objective on the stock in a research note on Thursday, October 17th. Finally, StockNews.com raised shares of Littelfuse from a “hold” rating to a “buy” rating in a research note on Friday, October 18th. Three investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Littelfuse presently has an average rating of “Moderate Buy” and an average target price of $285.00.

Insider Activity at Littelfuse

In related news, CEO David W. Heinzmann sold 8,715 shares of the business’s stock in a transaction on 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 approximately $16,369,057.60. 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 hyperlink. In other Littelfuse news, CEO David W. Heinzmann sold 2,091 shares of Littelfuse stock in a transaction on Monday, August 26th. The shares were sold at an average price of $274.65, for a total value of $574,293.15. Following the sale, the chief executive officer now directly owns 59,654 shares in the company, valued at approximately $16,383,971.10. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO David W. Heinzmann sold 8,715 shares of the business’s stock in a transaction dated 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. This trade represents 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 sold 16,028 shares of company stock worth $4,356,035. 2.30% of the stock is owned by company insiders.

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.