Littelfuse, Inc. (NASDAQ:LFUS) – Research analysts at Barrington Research reduced their Q3 2019 earnings estimates for Littelfuse in a research note issued to investors on Thursday, January 31st. Barrington Research analyst G. Prestopino now forecasts that the technology company will post earnings per share of $2.76 for the quarter, down from their prior forecast of $2.81. Barrington Research has a “Hold” rating on the stock. Barrington Research also issued estimates for Littelfuse’s Q4 2019 earnings at $2.35 EPS, Q2 2020 earnings at $2.91 EPS and FY2020 earnings at $10.63 EPS.
Get Littelfuse alerts:Littelfuse (NASDAQ:LFUS) last posted its quarterly earnings results on Wednesday, January 30th. The technology company reported $1.87 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.00 by ($0.13). Littelfuse had a return on equity of 16.12% and a net margin of 9.58%. The business had revenue of $402.30 million during the quarter, compared to the consensus estimate of $413.77 million. During the same quarter in the previous year, the company earned $1.81 earnings per share. The company’s revenue for the quarter was up 31.9% compared to the same quarter last year.
A number of other research analysts also recently commented on the company. CIBC upgraded Littelfuse from a “market perform” rating to an “outperform” rating and set a $215.00 target price for the company in a research report on Tuesday, January 8th. BidaskClub upgraded Littelfuse from a “sell” rating to a “hold” rating in a research report on Friday, January 11th. Oppenheimer upgraded Littelfuse from a “market perform” rating to an “outperform” rating and set a $215.00 target price for the company in a research report on Tuesday, January 8th. ValuEngine upgraded Littelfuse from a “sell” rating to a “hold” rating in a research report on Thursday, November 1st. Finally, Longbow Research upgraded Littelfuse from a “neutral” rating to a “buy” rating and set a $200.00 target price for the company in a research report on Thursday, January 31st. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $227.00.
NASDAQ LFUS opened at $184.89 on Monday. The company has a quick ratio of 2.62, a current ratio of 3.50 and a debt-to-equity ratio of 0.46. The company has a market cap of $4.54 billion, a PE ratio of 19.59, a PEG ratio of 1.55 and a beta of 0.91. Littelfuse has a one year low of $155.15 and a one year high of $238.10.
Several hedge funds and other institutional investors have recently bought and sold shares of LFUS. Advisors Asset Management Inc. raised its holdings in Littelfuse by 4,863.4% during the 2nd quarter. Advisors Asset Management Inc. now owns 111,429 shares of the technology company’s stock valued at $351,000 after buying an additional 109,184 shares during the period. Public Employees Retirement System of Ohio raised its holdings in Littelfuse by 2,130.6% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 10,283 shares of the technology company’s stock valued at $2,346,000 after buying an additional 9,822 shares during the period. Bank of New York Mellon Corp raised its holdings in Littelfuse by 2.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 554,507 shares of the technology company’s stock valued at $126,527,000 after buying an additional 11,476 shares during the period. Atria Investments LLC raised its holdings in Littelfuse by 22.5% during the 3rd quarter. Atria Investments LLC now owns 1,647 shares of the technology company’s stock valued at $326,000 after buying an additional 302 shares during the period. Finally, We Are One Seven LLC purchased a new stake in Littelfuse during the 3rd quarter valued at $259,000. Hedge funds and other institutional investors own 94.80% of the company’s stock.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 7th. Stockholders of record on Thursday, February 21st will be given a dividend of $0.43 per share. The ex-dividend date is Wednesday, February 20th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 0.93%. Littelfuse’s dividend payout ratio is currently 18.22%.
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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