Littelfuse (LFUS) Set to Announce Quarterly Earnings on Tuesday

Littelfuse (NASDAQ:LFUS - Get Free Report) is scheduled to announce its earnings results after the market closes on Tuesday, April 30th. Analysts expect the company to announce earnings of $1.75 per share for the quarter. Littelfuse has set its Q1 2024 guidance at 1.650-1.850 EPS and its Q1 guidance at $1.65-1.85 EPS.Parties interested in registering for the company's conference call can do so using this link.

Littelfuse (NASDAQ:LFUS - Get Free Report) last posted its quarterly earnings results on Tuesday, January 30th. The technology company reported $2.02 earnings per share for the quarter, hitting the consensus estimate of $2.02. Littelfuse had a return on equity of 12.35% and a net margin of 10.98%. The company had revenue of $533.80 million for the quarter, compared to the consensus estimate of $535.76 million. During the same quarter in the prior year, the business posted $3.34 EPS. The firm's quarterly revenue was down 12.9% compared to the same quarter last year. On average, analysts expect Littelfuse to post $9 EPS for the current fiscal year and $11 EPS for the next fiscal year.

Littelfuse Stock Up 1.0 %

LFUS traded up $2.35 during trading on Tuesday, hitting $231.19. 67,929 shares of the company's stock traded hands, compared to its average volume of 144,579. The company's 50 day simple moving average is $236.43 and its two-hundred day simple moving average is $239.54. The company has a current ratio of 3.75, a quick ratio of 2.49 and a debt-to-equity ratio of 0.35. Littelfuse has a 12-month low of $212.80 and a 12-month high of $309.94. The stock has a market capitalization of $5.76 billion, a price-to-earnings ratio of 22.13, a PEG ratio of 2.00 and a beta of 1.34.

Littelfuse Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 7th. Stockholders of record on Thursday, February 22nd were issued a dividend of $0.65 per share. The ex-dividend date of this dividend was Wednesday, February 21st. This represents a $2.60 annualized dividend and a dividend yield of 1.12%. Littelfuse's payout ratio is 25.15%.

Insider Buying and Selling at Littelfuse

In other Littelfuse news, EVP Ryan K. Stafford sold 1,932 shares of the firm's stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $243.62, for a total transaction of $470,673.84. Following the sale, the executive vice president now directly owns 24,155 shares of the company's stock, valued at $5,884,641.10. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, SVP Matthew Cole sold 916 shares of the firm's stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $248.18, for a total transaction of $227,332.88. Following the completion of the transaction, the senior vice president now owns 5,530 shares in the company, valued at $1,372,435.40. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Ryan K. Stafford sold 1,932 shares of Littelfuse stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $243.62, for a total value of $470,673.84. Following the completion of the transaction, the executive vice president now owns 24,155 shares of the company's stock, valued at approximately $5,884,641.10. The disclosure for this sale can be found here. Insiders have sold a total of 4,370 shares of company stock valued at $1,064,413 over the last ninety days. 2.30% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Jefferies Financial Group assumed coverage on Littelfuse in a report on Tuesday, April 9th. They issued a "hold" rating and a $260.00 target price on the stock. StockNews.com cut Littelfuse from a "buy" rating to a "hold" rating in a report on Saturday, March 30th.

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.