Littelfuse, Inc. (LFUS) Q3 2024 Earnings Conference Call Transcript
Littelfuse, Inc. (NASDAQ:LFUS ) Q3 2024 Earnings Conference Call October 30, 2024 10:00 AM ET Company Participants David Kelley - Head of IR Dave Heinzmann - President, CEO & Director Meenal Sethna - EVP & CFO Conference Call Participants David Williams - Benchmark Grant Smith - Jefferies Christopher Glynn - Oppenheimer Matt Sheerin - Stifel Luke Junk - Baird Operator Good day, everyone, and welcome to the Littelfuse Third Quarter 2024 Earnings Conference Call. Today's call is being recorded.
Here's What Key Metrics Tell Us About Littelfuse (LFUS) Q3 Earnings
The headline numbers for Littelfuse (LFUS) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Littelfuse (LFUS) Beats Q3 Earnings and Revenue Estimates
Littelfuse (LFUS) came out with quarterly earnings of $2.71 per share, beating the Zacks Consensus Estimate of $2.08 per share. This compares to earnings of $2.97 per share a year ago.
Littelfuse (LFUS) Expected to Beat Earnings Estimates: What to Know Ahead of Q3 Release
Littelfuse (LFUS) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Why Littelfuse (LFUS) Could Beat Earnings Estimates Again
Littelfuse (LFUS) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Littelfuse: Substantial FY25 Alpha Potential, But It's Not Cheap
Despite being richly valued, I believe Littelfuse could see a 23% price increase over the next 12 months, driven by a strong expected upcycle in FY25 and robust EPS growth. The company faces potential challenges in AI and edge computing compatibility, geopolitical risks, and supply chain vulnerabilities that could impact its competitiveness and profitability. Littelfuse's strategic acquisitions and focus on innovation position it well to navigate market complexities, though it's slightly overvalued compared to similar-sized peers like Vishay.
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Littelfuse (LFUS) Reports Q2 Earnings: What Key Metrics Have to Say
While the top- and bottom-line numbers for Littelfuse (LFUS) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Littelfuse (LFUS) Beats Q2 Earnings and Revenue Estimates
Littelfuse (LFUS) came out with quarterly earnings of $1.97 per share, beating the Zacks Consensus Estimate of $1.75 per share. This compares to earnings of $3.12 per share a year ago.
Littelfuse (LFUS) Expected to Beat Earnings Estimates: What to Know Ahead of Q2 Release
Littelfuse (LFUS) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Littelfuse, Inc. (LFUS) To Go Ex-Dividend on May 22nd
Littelfuse, Inc. (NASDAQ:LFUS – Get Free Report) declared a quarterly dividend on Thursday, April 25th, Zacks reports. Stockholders of record on Thursday, May 23rd will be given a dividend of 0.65 per share by the technology company on Thursday, June 6th. This represents a $2.60 annualized dividend and a dividend yield of 1.00%. The ex-dividend date is Wednesday, May 22nd. Littelfuse has raised its dividend by an average of 9.2% annually over the last three years and has raised its dividend annually for the last 14 consecutive years. Littelfuse has a payout ratio of 23.2% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Littelfuse to earn $11.51 per share next year, which means the company should continue to be able to cover its $2.60 annual dividend with an expected future payout ratio of 22.6%. Littelfuse Stock Performance NASDAQ:LFUS opened at $259.76 on Monday. The company has a market cap of $6.44 billion, a price-to-earnings ratio of 29.75, a price-to-earnings-growth ratio of 2.52 and a beta of 1.32. The company has a quick ratio of 2.44, a current ratio of 3.57 and a debt-to-equity ratio of 0.32. Littelfuse has a 52 week low of $212.80 and a 52 week high of $309.94. The company has a fifty day simple moving average of $238.22 and a two-hundred day simple moving average of $241.79. Littelfuse (NASDAQ:LFUS – Get Free Report) last announced its quarterly earnings data on Tuesday, April 30th. The technology company reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.75 by $0.01. The business had revenue of $535.39 million during the quarter, compared to analysts’ expectations of $519.08 million. Littelfuse had a return on equity of 10.21% and a net margin of 9.58%. The business’s quarterly revenue was down 12.2% compared to the same quarter last year. During the same quarter last year, the business posted $3.64 EPS. As a group, equities analysts anticipate that Littelfuse will post 8.59 earnings per share for the current fiscal year. Analyst Ratings Changes Several equities research analysts have recently issued reports on the stock. Benchmark reaffirmed a “hold” rating on shares of Littelfuse in a research report on Thursday, May 2nd. Robert W. Baird upgraded Littelfuse from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $270.00 to $300.00 in a report on Friday. Baird R W upgraded shares of Littelfuse from a “hold” rating to a “strong-buy” rating in a research note on Friday. StockNews.com downgraded shares of Littelfuse from a “buy” rating to a “hold” rating in a research report on Saturday, March 30th. Finally, Jefferies Financial Group started coverage on shares of Littelfuse in a research report on Tuesday, April 9th. They issued a “hold” rating and a $260.00 target price on the stock. Three analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Littelfuse currently has a consensus rating of “Moderate Buy” and an average target price of $280.00. Check Out Our Latest Stock Analysis on LFUS Insider Transactions at Littelfuse In other news, SVP Maggie Chu sold 1,522 shares of the company’s stock in a transaction dated 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 sale, the senior vice president now directly owns 3,086 shares of the company’s stock, valued at $742,923.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Littelfuse news, EVP Ryan K. Stafford sold 2,219 shares of Littelfuse stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $256.33, for a total value of $568,796.27. Following the sale, the executive vice president now owns 24,437 shares of the company’s stock, valued at approximately $6,263,936.21. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Maggie Chu sold 1,522 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $240.74, for a total value of $366,406.28. Following the transaction, the senior vice president now owns 3,086 shares in the company, valued at approximately $742,923.64. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 11,160 shares of company stock worth $2,829,959. Insiders own 2.30% of the company’s stock. Littelfuse Company Profile (Get Free Report) 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.
