Littelfuse, Inc. (LFUS) Releases Q4 Earnings Guidance
Littelfuse, Inc. (NASDAQ:LFUS) issued an update on its fourth quarter earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $1.58-1.72 for the period, compared to the Thomson Reuters consensus estimate of $1.84. The company issued revenue guidance of $292-304 million, compared to the consensus revenue estimate of $310.34 million.
Littelfuse, Inc. (LFUS) traded down 9.29% during trading on Wednesday, reaching $189.59. 650,602 shares of the company traded hands. The firm’s 50 day moving average price is $199.18 and its 200 day moving average price is $177.71. Littelfuse, Inc. has a 12-month low of $131.67 and a 12-month high of $212.54. The firm has a market capitalization of $4.31 billion, a price-to-earnings ratio of 29.84 and a beta of 0.95.
Littelfuse (NASDAQ:LFUS) last announced its earnings results on Wednesday, November 1st. The technology company reported $2.12 earnings per share for the quarter, beating analysts’ consensus estimates of $1.98 by $0.14. The firm had revenue of $317.90 million for the quarter, compared to analyst estimates of $319.20 million. Littelfuse had a net margin of 12.51% and a return on equity of 19.67%. The company’s revenue for the quarter was up 13.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.87 EPS. Equities research analysts expect that Littelfuse, Inc. will post $7.77 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 7th. Stockholders of record on Wednesday, November 22nd will be paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 0.71%. Littelfuse’s payout ratio is 23.34%.
LFUS has been the topic of a number of research reports. Zacks Investment Research lowered shares of Littelfuse from a buy rating to a hold rating in a research note on Wednesday, October 4th. Stifel Nicolaus reaffirmed a hold rating and set a $180.00 target price on shares of Littelfuse in a research note on Tuesday, September 12th. Robert W. Baird reaffirmed a buy rating and set a $202.00 target price on shares of Littelfuse in a research note on Thursday, October 12th. BidaskClub lowered shares of Littelfuse from a hold rating to a sell rating in a research note on Friday, July 28th. Finally, UBS AG lowered shares of Littelfuse from an outperform rating to a market perform rating in a research note on Friday, October 13th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company’s stock. Littelfuse has an average rating of Hold and an average price target of $198.20.
Littelfuse, Inc is a supplier of circuit protection products for the electronics, automotive and industrial markets. The Company operates through three segments. The Electronics segment provides circuit protection components for overcurrent and overvoltage protection, as well as sensor components and modules to manufacturers of a range of electronic products.
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