Littelfuse (NASDAQ:LFUS) Releases Q2 Earnings Guidance

Littelfuse (NASDAQ:LFUS) updated its second quarter earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $1.65-1.85 for the period, compared to the consensus estimate of $2.12. The company issued revenue guidance of $525-555 million, compared to the consensus revenue estimate of $540.18 million. Littelfuse also updated its Q2 2024 guidance to 1.650-1.850 EPS.

Littelfuse Stock Down 2.2 %

Shares of NASDAQ:LFUS traded down $5.22 during trading on Tuesday, reaching $230.64. 205,397 shares of the stock were exchanged, compared to its average volume of 144,765. The company has a debt-to-equity ratio of 0.35, a current ratio of 3.75 and a quick ratio of 2.49. Littelfuse has a 1-year low of $212.80 and a 1-year high of $309.94. The stock has a fifty day moving average of $235.30 and a two-hundred day moving average of $239.31. The firm has a market cap 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 issued its earnings results on Tuesday, January 30th. The technology company reported $2.02 earnings per share for the quarter, hitting analysts’ consensus estimates 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 analyst estimates of $535.76 million. During the same period in the prior year, the firm earned $3.34 earnings per share. Littelfuse’s revenue for the quarter was down 12.9% on a year-over-year basis. Research analysts anticipate that Littelfuse will post 9.44 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

LFUS has been the topic of a number of research reports. Jefferies Financial Group initiated coverage on Littelfuse in a research report on Tuesday, April 9th. They set a hold rating and a $260.00 target price on the stock. StockNews.com lowered Littelfuse from a buy rating to a hold rating in a research report on Saturday, March 30th.

Insider Activity at Littelfuse

In related news, EVP Ryan K. Stafford sold 1,932 shares of the 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 sale, the executive vice president now directly owns 24,155 shares of the company’s stock, valued at approximately $5,884,641.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, SVP Matthew Cole sold 916 shares of the firm’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $248.18, for a total transaction of $227,332.88. Following the completion of the sale, the senior vice president now directly owns 5,530 shares of the company’s stock, valued at approximately $1,372,435.40. The sale 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 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 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. In the last three months, insiders sold 4,370 shares of company stock valued at $1,064,413. 2.30% of the stock is owned by insiders.

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.