Littelfuse (NASDAQ:LFUS) Updates Q4 2024 Earnings Guidance

Littelfuse (NASDAQ:LFUS) updated its fourth quarter 2024 earnings guidance on Tuesday. The company provided earnings per share guidance of 1.900-2.100 for the period, compared to the consensus earnings per share 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.

Wall Street Analysts Forecast Growth

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

Littelfuse Stock Performance

Shares of LFUS stock traded up $4.13 during mid-day trading on Friday, hitting $248.76. 26,322 shares of the stock were exchanged, compared to its average volume of 129,429. Littelfuse has a 12-month low of $222.91 and a 12-month high of $275.58. The stock has a market capitalization of $6.17 billion, a price-to-earnings ratio of 31.44, a P/E/G ratio of 2.57 and a beta of 1.27. The stock’s fifty day simple moving average is $258.11 and its two-hundred day simple moving average is $254.60. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.42 and a current ratio of 3.55.

Littelfuse (NASDAQ:LFUS) last announced its earnings results on Tuesday, October 29th. The technology company reported $2.71 earnings per share for the quarter, topping the consensus estimate of $2.08 by $0.63. Littelfuse had a net margin of 8.88% and a return on equity of 8.49%. The business had revenue of $567.39 million during the quarter, compared to the consensus estimate of $557.38 million. During the same quarter in the prior year, the firm earned $2.97 earnings per share. The business’s quarterly revenue was down 6.5% compared to the same quarter last year. On average, analysts forecast that Littelfuse will post 8.14 EPS for the current year.

Littelfuse Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 21st will be paid a dividend of $0.70 per share. The ex-dividend date of this dividend 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 35.99%.

Insider Activity at Littelfuse

In other news, SVP Matthew Cole sold 1,436 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $246.02, for a total transaction of $353,284.72. Following the completion of the transaction, the senior vice president now directly owns 5,522 shares of the company’s stock, valued at $1,358,522.44. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Littelfuse news, SVP Matthew Cole sold 1,436 shares of Littelfuse stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $246.02, for a total value of $353,284.72. Following the completion of the sale, the senior vice president now directly owns 5,522 shares of the company’s stock, valued at approximately $1,358,522.44. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO David W. Heinzmann sold 2,091 shares of Littelfuse stock in a transaction that occurred 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 completion of 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 12,242 shares of company stock worth $3,318,974 over the last 90 days. Company insiders own 2.30% of the company’s stock.

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.