Littelfuse (NASDAQ:LFUS) Releases Q2 2024 Earnings Guidance

Littelfuse (NASDAQ:LFUS) updated its second quarter 2024 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 1.650-1.850 for the period, compared to the consensus estimate of 2.110. The company issued revenue guidance of $525.0 million-$555.0 million, compared to the consensus revenue estimate of $540.3 million.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. StockNews.com downgraded Littelfuse from a buy rating to a hold rating in a report on Saturday, March 30th. Jefferies Financial Group assumed coverage on Littelfuse in a report on Tuesday, April 9th. They issued a hold rating and a $260.00 price objective on the stock.

Littelfuse Stock Performance

LFUS stock traded down $5.22 during midday trading on Tuesday, hitting $230.64. 205,397 shares of the company traded hands, compared to its average volume of 144,765. Littelfuse has a twelve month low of $212.80 and a twelve month high of $309.94. The company has a quick ratio of 2.49, a current ratio of 3.75 and a debt-to-equity ratio of 0.35. The business has a 50 day simple moving average of $235.30 and a 200-day simple moving average of $239.31. The stock has a market capitalization of $5.75 billion, a price-to-earnings ratio of 22.81, a price-to-earnings-growth ratio of 2.04 and a beta of 1.34.

Littelfuse (NASDAQ:LFUS) last announced its quarterly earnings results on Tuesday, January 30th. The technology company reported $2.02 EPS for the quarter, meeting the consensus estimate of $2.02. Littelfuse had a return on equity of 12.35% and a net margin of 10.98%. The company had revenue of $533.80 million for the quarter, compared to the consensus estimate of $535.76 million. During the same quarter last year, the company posted $3.34 earnings per share. The company’s revenue for the quarter was down 12.9% compared to the same quarter last year. As a group, equities research analysts predict that Littelfuse will post 9.44 earnings per share for the current year.

Insider Buying and Selling at Littelfuse

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

Littelfuse Company Profile

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.