Littelfuse (NASDAQ:LFUS) Issues Quarterly Earnings Results, Beats Expectations By $0.01 EPS

Littelfuse (NASDAQ:LFUS) issued its quarterly earnings results on Tuesday. The technology company reported $1.76 EPS for the quarter, topping the consensus estimate of $1.75 by $0.01, Briefing.com reports. The company had revenue of $535.39 million during the quarter, compared to analyst estimates of $519.08 million. Littelfuse had a net margin of 10.98% and a return on equity of 12.35%. The firm’s revenue was down 12.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.64 EPS. Littelfuse updated its Q2 2024 guidance to 1.650-1.850 EPS and its Q2 guidance to $1.65-1.85 EPS.

Littelfuse Trading Up 0.9 %

NASDAQ LFUS traded up $2.06 during trading hours on Wednesday, reaching $232.70. The company had a trading volume of 131,358 shares, compared to its average volume of 144,512. The company has a current ratio of 3.75, a quick ratio of 2.49 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $5.80 billion, a P/E ratio of 21.71, a price-to-earnings-growth ratio of 2.08 and a beta of 1.34. The stock has a 50-day moving average of $235.02 and a 200 day moving average of $239.30. Littelfuse has a 1-year low of $212.80 and a 1-year high of $309.94.

Analysts Set New Price Targets

Several brokerages recently commented on LFUS. StockNews.com lowered shares of Littelfuse from a “buy” rating to a “hold” rating in a report on Saturday, March 30th. Jefferies Financial Group began coverage on shares of Littelfuse in a report on Tuesday, April 9th. They set a “hold” rating and a $260.00 target price for the company.

Insiders Place Their Bets

In other Littelfuse news, SVP Maggie Chu sold 1,522 shares of the stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $240.74, for a total transaction of $366,406.28. Following the completion of the transaction, the senior vice president now owns 3,086 shares of the company’s stock, valued at $742,923.64. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, SVP Maggie Chu sold 1,522 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $240.74, for a total value of $366,406.28. Following the completion of the transaction, the senior vice president now owns 3,086 shares of the company’s stock, valued at $742,923.64. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Ryan K. Stafford sold 1,932 shares of the firm’s stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $243.62, for a total transaction of $470,673.84. Following the completion of the transaction, the executive vice president now directly owns 24,155 shares of the company’s stock, valued at approximately $5,884,641.10. The disclosure for this sale can be found here. Insiders sold a total of 4,370 shares of company stock valued at $1,064,413 over the last 90 days. 2.30% of the stock is owned by company insiders.

About Littelfuse

Littelfuse, Inc designs, manufactures, and sells electronic components, modules, and subassemblies in the Americas, Asia-Pacific, and Europe. The company operates through Electronic, Transportation, and Industrial segments. The Electronics segment offers fuses and fuse accessories, positive temperature coefficient resettable fuses, electromechanical switches and interconnect solutions, polymer electrostatic discharge suppressors, varistors, reed switch based magnetic sensing products, and gas discharge tubes; and discrete transient voltage suppressor (TVS) diodes, TVS diode arrays, protection and switching thyristors, metal-oxide-semiconductor field-effect transistors and diodes, and insulated gate bipolar transistors.