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 equities research analysts have recently commented on the stock. StockNews.com raised shares of Littelfuse from a “hold” rating to a “buy” rating in a research report on Friday, October 18th. Robert W. Baird increased their target price on shares of Littelfuse from $300.00 to $315.00 and gave the stock an “outperform” rating in a report on Thursday, August 29th. Stifel Nicolaus raised shares of Littelfuse from a “hold” rating to a “buy” rating and increased their target price for the stock from $270.00 to $280.00 in a report on Tuesday, August 13th. TD Cowen increased their target price on shares of Littelfuse from $250.00 to $260.00 and gave the stock a “hold” rating in a report on Thursday, August 1st. Finally, Benchmark reissued a “hold” rating on shares of Littelfuse in a report on Wednesday. Three research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $285.00.

Littelfuse Price Performance

LFUS traded down $7.87 during trading on Wednesday, reaching $251.27. 186,186 shares of the company traded hands, compared to its average volume of 129,979. 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 12-month low of $213.01 and a 12-month high of $275.58. The firm has a fifty day simple moving average of $259.00 and a 200 day simple moving average of $254.69. The company has a market cap of $6.23 billion, a P/E ratio of 28.49, a PEG ratio of 2.60 and a beta of 1.27.

Littelfuse (NASDAQ:LFUS) last announced its quarterly earnings data on Tuesday, October 29th. The technology company reported $2.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.08 by $0.63. Littelfuse had a net margin of 8.71% and a return on equity of 8.91%. The business had revenue of $567.39 million during the quarter, compared to analyst estimates of $557.38 million. During the same period last year, the firm posted $2.97 EPS. The company’s revenue was down 6.5% on a year-over-year basis. On average, equities analysts forecast that Littelfuse will post 8.14 EPS for the current year.

Insider Activity

In other news, CEO David W. Heinzmann sold 2,091 shares of the 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 transaction, the chief executive officer now directly owns 59,654 shares in the company, valued at approximately $16,383,971.10. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, SVP Matthew Cole sold 1,436 shares of the firm’s stock in a transaction on Thursday, September 12th. The stock was 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 in the company, valued at $1,358,522.44. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO David W. Heinzmann sold 2,091 shares of the firm’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $274.65, for a total value of $574,293.15. Following the completion of the sale, the chief executive officer now owns 59,654 shares of the company’s stock, valued at approximately $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. In the last ninety days, insiders sold 12,242 shares of company stock worth $3,318,974. 2.30% of the stock is currently owned by insiders.

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.