Littelfuse, Inc. (NASDAQ:LFUS) – Stock analysts at Barrington Research decreased their Q4 2019 earnings per share (EPS) estimates for shares of Littelfuse in a research note issued on Thursday, May 2nd, according to Zacks Investment Research. Barrington Research analyst G. Prestopino now anticipates that the technology company will post earnings per share of $2.29 for the quarter, down from their prior forecast of $2.35. Barrington Research currently has a “Hold” rating on the stock. Barrington Research also issued estimates for Littelfuse’s Q1 2020 earnings at $2.32 EPS and Q4 2020 earnings at $2.45 EPS.
Littelfuse (NASDAQ:LFUS) last issued its earnings results on Wednesday, May 1st. The technology company reported $1.96 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.92 by $0.04. The business had revenue of $405.50 million for the quarter, compared to analysts’ expectations of $407.53 million. Littelfuse had a return on equity of 15.27% and a net margin of 9.70%. The business’s revenue for the quarter was down 2.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.39 EPS.
Shares of Littelfuse stock traded up $2.09 on Monday, hitting $167.42. 107,500 shares of the company were exchanged, compared to its average volume of 155,811. The stock has a market cap of $4.12 billion, a P/E ratio of 17.74, a P/E/G ratio of 1.60 and a beta of 0.94. Littelfuse has a 1-year low of $155.15 and a 1-year high of $238.10. The company has a debt-to-equity ratio of 0.45, a current ratio of 3.82 and a quick ratio of 2.85.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 6th. Investors of record on Thursday, May 23rd will be issued a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date of this dividend is Wednesday, May 22nd. Littelfuse’s dividend payout ratio is presently 18.22%.
In related news, Director Nathan Zommer sold 7,500 shares of the company’s stock in a transaction that occurred on Tuesday, April 16th. The stock was sold at an average price of $200.00, for a total value of $1,500,000.00. Following the transaction, the director now directly owns 393,286 shares in the company, valued at $78,657,200. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Deepak Nayar sold 3,947 shares of the company’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $187.74, for a total value of $741,009.78. Following the completion of the transaction, the senior vice president now owns 3,502 shares in the company, valued at $657,465.48. The disclosure for this sale can be found here. Corporate insiders own 3.50% of the company’s stock.
Large investors have recently added to or reduced their stakes in the business. Oakbrook Investments LLC lifted its stake in Littelfuse by 63.2% during the fourth quarter. Oakbrook Investments LLC now owns 2,775 shares of the technology company’s stock worth $476,000 after purchasing an additional 1,075 shares in the last quarter. Vaughan Nelson Investment Management L.P. increased its position in shares of Littelfuse by 60.6% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 288,050 shares of the technology company’s stock worth $49,395,000 after acquiring an additional 108,670 shares during the period. Channing Capital Management LLC increased its position in shares of Littelfuse by 5.2% during the fourth quarter. Channing Capital Management LLC now owns 233,875 shares of the technology company’s stock worth $40,105,000 after acquiring an additional 11,599 shares during the period. Advisors Capital Management LLC purchased a new stake in shares of Littelfuse during the fourth quarter worth $336,000. Finally, Oppenheimer Asset Management Inc. increased its position in shares of Littelfuse by 5.0% during the first quarter. Oppenheimer Asset Management Inc. now owns 14,517 shares of the technology company’s stock worth $2,650,000 after acquiring an additional 685 shares during the period. Institutional investors own 98.77% of the company’s stock.
Littelfuse Company Profile
Littelfuse, Inc designs, manufactures, and sells circuit protection, power control, and sensing products worldwide. The company's Electronics segment offers fuses and fuse accessories, positive temperature coefficient resettable fuses, polymer electrostatic discharge suppressors, varistors, magnetic sensing products, and gas discharge tubes; and 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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