Littelfuse (NASDAQ:LFUS) Releases Earnings Results, Beats Estimates By $0.63 EPS

Littelfuse (NASDAQ:LFUS) announced its quarterly earnings results on Tuesday. The technology company reported $2.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.08 by $0.63, Briefing.com reports. Littelfuse had a return on equity of 8.91% and a net margin of 8.71%. The company had revenue of $567.39 million for the quarter, compared to the consensus estimate of $557.38 million. During the same quarter in the previous year, the business earned $2.97 EPS. Littelfuse’s revenue was down 6.5% compared to the same quarter last year. Littelfuse updated its Q4 2024 guidance to 1.900-2.100 EPS and its Q4 guidance to $1.90-2.10 EPS.

Littelfuse Trading Down 3.2 %

Shares of LFUS stock traded down $8.17 during trading hours on Wednesday, reaching $250.97. 90,632 shares of the stock were exchanged, compared to its average volume of 129,520. Littelfuse has a 12-month low of $213.01 and a 12-month high of $275.58. The company has a current ratio of 3.50, a quick ratio of 2.42 and a debt-to-equity ratio of 0.32. The company’s 50-day moving average price is $259.00 and its 200-day moving average price is $254.69. The firm has a market capitalization of $6.22 billion, a price-to-earnings ratio of 28.49, a price-to-earnings-growth ratio of 2.60 and a beta of 1.27.

Insider Activity at Littelfuse

In related news, SVP Matthew Cole sold 1,436 shares of the business’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 value of $353,284.72. Following the completion of the transaction, the senior vice president now owns 5,522 shares of the company’s stock, valued at $1,358,522.44. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, SVP Matthew Cole sold 1,436 shares of the business’s stock in a transaction 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 in the company, valued at $1,358,522.44. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO David W. Heinzmann sold 2,091 shares of the stock in a transaction dated Monday, August 26th. The stock was 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 $16,383,971.10. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,242 shares of company stock worth $3,318,974 in the last 90 days. 2.30% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have weighed in on LFUS shares. TD Cowen upped their target price on Littelfuse from $250.00 to $260.00 and gave the stock a “hold” rating in a report on Thursday, August 1st. Robert W. Baird boosted 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 raised Littelfuse from a “hold” rating to a “buy” rating and boosted their price target for the stock from $270.00 to $280.00 in a research report on Tuesday, August 13th. StockNews.com raised Littelfuse from a “hold” rating to a “buy” rating in a research report on Friday, October 18th. Finally, Benchmark reaffirmed a “hold” rating on shares of Littelfuse in a research report on Wednesday. Three investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $285.00.

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.