Littelfuse (NASDAQ:LFUS) Posts Quarterly Earnings Results, Beats Expectations By $0.63 EPS

Littelfuse (NASDAQ:LFUS) posted its earnings results on Tuesday. The technology company reported $2.71 earnings per share for the quarter, topping the consensus estimate of $2.08 by $0.63, Briefing.com reports. The business had revenue of $567.39 million for the quarter, compared to analyst estimates of $557.38 million. Littelfuse had a net margin of 8.71% and a return on equity of 8.91%. The firm’s quarterly revenue was down 6.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.97 EPS. 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 2.7 %

Shares of LFUS traded down $6.90 during trading hours on Wednesday, hitting $252.24. 92,900 shares of the stock traded hands, compared to its average volume of 129,530. The business has a fifty day moving average of $259.00 and a 200-day moving average of $254.69. The firm has a market capitalization of $6.25 billion, a PE ratio of 28.49, a price-to-earnings-growth ratio of 2.60 and a beta of 1.27. Littelfuse has a 1-year low of $213.01 and a 1-year 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.

Insider Buying and Selling

In other news, SVP Matthew Cole sold 1,436 shares of the firm’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $246.02, for a total value of $353,284.72. Following the transaction, the senior vice president now owns 5,522 shares of the company’s stock, valued at approximately $1,358,522.44. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO David W. Heinzmann sold 2,091 shares of the company’s 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 completion of the sale, the chief executive officer now owns 59,654 shares in the company, valued at approximately $16,383,971.10. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Matthew Cole sold 1,436 shares of the stock in a transaction dated 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 directly owns 5,522 shares in the company, valued at $1,358,522.44. The trade was a 0.00 % decrease in their position. 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 three months. 2.30% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

LFUS has been the topic of several research analyst reports. 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. TD Cowen increased their price target on Littelfuse from $250.00 to $260.00 and gave the stock a “hold” rating in a research report on Thursday, August 1st. StockNews.com upgraded Littelfuse from a “hold” rating to a “buy” rating in a research report on Friday, October 18th. Stifel Nicolaus upgraded 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. Finally, Benchmark reaffirmed 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 given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Littelfuse has an average rating of “Moderate Buy” and a consensus price target of $285.00.

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.