Somewhat Favorable News Coverage Somewhat Unlikely to Impact Littelfuse (NASDAQ:LFUS) Stock Price
News headlines about Littelfuse (NASDAQ:LFUS) have trended somewhat positive on Saturday, Accern reports. Accern scores the sentiment of press coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Littelfuse earned a news sentiment score of 0.17 on Accern’s scale. Accern also assigned news coverage about the technology company an impact score of 47.7842957900927 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Littelfuse (NASDAQ:LFUS) opened at 181.03 on Friday. The company has a 50-day moving average of $175.43 and a 200-day moving average of $164.21. The stock has a market capitalization of $4.11 billion, a price-to-earnings ratio of 28.49 and a beta of 0.96. Littelfuse has a 52-week low of $116.97 and a 52-week high of $188.60.
Littelfuse (NASDAQ:LFUS) last issued its quarterly earnings data on Wednesday, August 2nd. The technology company reported $2.10 EPS for the quarter, hitting the Zacks’ consensus estimate of $2.10. The firm had revenue of $313.36 million during the quarter, compared to the consensus estimate of $312.97 million. Littelfuse had a return on equity of 19.67% and a net margin of 12.51%. The firm’s revenue was up 15.2% on a year-over-year basis. During the same period in the prior year, the business earned $1.44 EPS. Equities research analysts expect that Littelfuse will post $7.73 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 7th. Investors of record on Thursday, August 24th will be paid a dividend of $0.37 per share. This is an increase from Littelfuse’s previous quarterly dividend of $0.33. This represents a $1.48 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date of this dividend is Tuesday, August 22nd. Littelfuse’s dividend payout ratio is presently 20.82%.
Littelfuse declared that its Board of Directors has approved a share buyback program on Wednesday, May 3rd that authorizes the company to buyback 1,000,000 shares. This buyback authorization authorizes the technology company to repurchase shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.
A number of research firms recently weighed in on LFUS. Zacks Investment Research lowered shares of Littelfuse from a “buy” rating to a “hold” rating in a research report on Friday, April 28th. BidaskClub lowered shares of Littelfuse from a “sell” rating to a “strong sell” rating in a research report on Thursday, June 22nd. Finally, Robert W. Baird reiterated a “positive” rating and issued a $195.00 price objective (up from $187.00) on shares of Littelfuse in a research report on Wednesday, July 19th. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $187.40.
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In related news, SVP Dieter Roeder sold 8,490 shares of the company’s stock in a transaction on Tuesday, May 30th. The stock was sold at an average price of $163.06, for a total transaction of $1,384,379.40. Following the completion of the transaction, the senior vice president now directly owns 7,143 shares in the company, valued at approximately $1,164,737.58. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Matthew Cole sold 150 shares of the company’s stock in a transaction on Friday, June 9th. The stock was sold at an average price of $169.23, for a total value of $25,384.50. Following the transaction, the senior vice president now owns 3,985 shares of the company’s stock, valued at $674,381.55. The disclosure for this sale can be found here. 1.80% of the stock is owned by corporate insiders.
Littelfuse Company Profile
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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