Littelfuse (LFUS) Updates Q4 2018 Earnings Guidance

Littelfuse (NASDAQ:LFUS) issued an update on its fourth quarter 2018 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $1.92-2.06 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.11. The company issued revenue guidance of $408-420 million, compared to the consensus revenue estimate of $415.42 million.Littelfuse also updated its Q4 guidance to $1.92-$2.06 EPS.

Shares of NASDAQ LFUS traded up $2.58 during trading on Thursday, reaching $179.58. 68,328 shares of the stock traded hands, compared to its average volume of 198,521. Littelfuse has a 52-week low of $163.43 and a 52-week high of $238.10. The company has a debt-to-equity ratio of 0.45, a current ratio of 3.46 and a quick ratio of 2.65. The stock has a market capitalization of $4.45 billion, a PE ratio of 23.20, a P/E/G ratio of 1.54 and a beta of 0.95.

Littelfuse (NASDAQ:LFUS) last issued its quarterly earnings data on Wednesday, October 31st. The technology company reported $2.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.40 by $0.09. The business had revenue of $439.20 million for the quarter, compared to analysts’ expectations of $441.62 million. Littelfuse had a return on equity of 17.35% and a net margin of 7.47%. The firm’s quarterly revenue was up 38.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.12 EPS. As a group, equities analysts expect that Littelfuse will post 9.57 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 6th. Investors of record on Wednesday, November 21st will be issued a dividend of $0.43 per share. The ex-dividend date is Tuesday, November 20th. This represents a $1.72 dividend on an annualized basis and a yield of 0.96%. Littelfuse’s dividend payout ratio (DPR) is 22.22%.

A number of analysts recently issued reports on LFUS shares. ValuEngine cut Littelfuse from a buy rating to a hold rating in a report on Tuesday, September 4th. CL King set a $248.00 price target on Littelfuse and gave the company a buy rating in a report on Tuesday, September 25th. Barrington Research reaffirmed a hold rating on shares of Littelfuse in a report on Monday, October 29th. BidaskClub cut Littelfuse from a sell rating to a strong sell rating in a report on Tuesday, August 21st. Finally, Zacks Investment Research upgraded Littelfuse from a sell rating to a hold rating in a research report on Tuesday, November 6th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. Littelfuse currently has a consensus rating of Hold and an average target price of $252.50.

In related news, Director Nathan Zommer sold 13,741 shares of the firm’s stock in a transaction that occurred on Friday, August 31st. The stock was sold at an average price of $222.38, for a total transaction of $3,055,723.58. Following the transaction, the director now directly owns 475,419 shares in the company, valued at approximately $105,723,677.22. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Jeffrey G. Gorski sold 351 shares of the firm’s stock in a transaction that occurred on Wednesday, August 29th. The stock was sold at an average price of $227.12, for a total value of $79,719.12. Following the transaction, the insider now owns 3,124 shares in the company, valued at $709,522.88. The disclosure for this sale can be found here. Insiders have sold a total of 14,684 shares of company stock worth $3,266,411 over the last quarter. Corporate insiders own 3.80% of the company’s stock.

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About Littelfuse

Littelfuse, Inc designs, manufactures, and sells circuit protection products worldwide. The company's Electronics segment offers fuses and fuse accessories, positive temperature coefficient resettable fuses, polymer electrostatic discharge suppressors, varistors, and gas discharge tubes; and semiconductor and power semiconductor products, such as discrete transient voltage suppressor (TVS) diodes, TVS diode arrays, protection and switching thyristors, silicon carbide, metal-oxide-semiconductor field-effect transistors, and silicon carbide diodes, as well as insulated gate bipolar transistors.

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Earnings History and Estimates for Littelfuse (NASDAQ:LFUS)

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