What happened Shares of Littelfuse (NASDAQ: LFUS) closed Monday's trading 11.3% higher. The maker of automotive sensors and electric circuit protection components was the subject of a bullish analyst report today.
Littelfuse, Inc. (NASDAQ: LFUS), a global manufacturer of leading technologies in circuit protection, power control and sensing, announced today that it will release financial results for its first quarter of fiscal 2020 prior to market open on Wednesday, April 29, 2020.
Littelfuse, Inc. (NASDAQ:LFUS), a global manufacturer of leading technologies in circuit protection, power control and sensing, announced today it will participate in the following virtual investor conferences:
Shares of Littelfuse (NASDAQ: LFUS), a global manufacturer of circuit protection products, spiked as much as 12% today after the company reported its first-quarter 2020 results. While the sales figures may not look great at first glance, investors focused their attention on the fact that Littelfuse outpaced Wall Street's estimates in the quarter. Littelfuse said revenue was down 15% year over year to $346.1 million, mainly due to slowing production and demand resulting from COVID-19.
Littelfuse, Inc. (NASDAQ: LFUS), a global manufacturer of leading technologies in circuit protection, power control, and sensing, today announced its PolySwitch® setP™ series of digital temperature indicators has been named a Gold Award Winner of the 2020 Edison Awards. The Edison Awards, named after Thomas Alva Edison, recognizes and honors the world’s best innovations and innovators. The PolySwitch setP device is the first ever electronics component to win an Edison Award.
Littelfuse (LFUS) delivered earnings and revenue surprises of 61.25% and 6.34%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
With me today are Dave Heinzmann, President and CEO; and Meenal Sethna, Executive Vice President and CFO. Recognizing the severity of the situation, our leadership team has acted with urgency to focus on three key priorities.
First Republic Bank (FRC) has reported 1Q20 EPS of $1.20, 8% above the consensus estimate of $1.11. Meanwhile revenue for the quarter came in at $916.2 million, easily beating the consensus estimate of $872.54 million.The beat was driven by strong linked-quarter loan growth of 5.3% and a stable net interest margin (NIM), resulting from lower funding costs.“Results for the first quarter were strong,” said Jim Herbert, Founder, Chairman and CEO of First Republic. “In these very unusual times, our strength and durability, coupled with a time-tested culture of service, enable us to take great care of our colleagues, communities, and clients.”The efficiency ratio was 65.1%, versus 63.7% in 4Q19, due to seasonal payroll taxes and a credit charge related to CECL (current expected credit losses).Despite the coronavirus outbreak, 2020 guidance remained essentially unchanged from January with: 1) mid-teens loan growth; 2) a NIM of 2.65%-2.75%; and 3) an efficiency ratio of 63.5%-64.5%.“FRC reported a quarter that… would have been a strong quarter even pre-COVID-19” cheered Maxim Group’s Michael Diana following the earnings release.“To drive home the point (and what we expect to be an anomaly), FRC even raised its quarterly dividend by $0.01/share, or 5%, to $0.20/share. In addition, guidance for 2020 was much stronger than we expected.”As a result, the analyst raised his 2021 EPS estimate to $6, from $5.50, while raising his FRC price target to $120, from $110, based on the higher EPS estimate.Over the next four quarters, Diana now expects: 1) stock price appreciation of 26% to his $120 price target and, 2) a dividend yield of 0.8%, which should result in an estimated 12-month total return of about 21%.Overall however the stock has a more cautious Moderate Buy analyst consensus on TipRanks, with a $101 average analyst price target. Shares rose 7% on the earnings report, bringing FRC’s year-to-date loss to 19%. (See First Republic Bank stock analysis on TipRanks).Related News: Citigroup Shares Take a Hit as Loan Losses Widen in the First Quarter Goldman Sachs Profit Plummets 49% as Loan-Loss Provisions Balloon Costco Ramps Up Dividend By 8% More recent articles from Smarter Analyst: * Gilead’s Remdesivir US Trial Currently Ahead of Schedule- Reuters * Elon Musk Confirms Texas Still On The Cards For New Cybertruck Factory * Tesla Plotting Restart At California Factory Next Week * Snap Announces $750M Note Offering Following Stellar Q1 Earnings
Littelfuse, Inc. (NASDAQ: LFUS), a global manufacturer of leading technologies in circuit protection, power control and sensing, today reported financial results for the first quarter ended March 28, 2020:
If you own shares in Littelfuse, Inc. (NASDAQ:LFUS) then it's worth thinking about how it contributes to the...
Q4 2019 Littelfuse Inc Earnings Call
First Republic Bank (NYSE:FRC), a leading private bank and wealth management company, today announced it will hold its 2020 Annual Meeting of Shareholders at First Republic’s office at Rockefeller Center, 1230 Avenue of the Americas, New York, NY 10020 on Tuesday May 12, 2020 at 9:30 am Eastern time.
Littelfuse, Inc. (NASDAQ: LFUS), a global manufacturer of leading technologies in circuit protection, power control, and sensing, today announced the expansion of its DCN Series of high voltage direct current (DC) contactors. The new relay products enable design engineers to incorporate high voltage relay switching into a range of high current and high voltage applications.
Q1 2020 Littelfuse Inc Earnings Call
Unfortunately for some shareholders, the Littelfuse (NASDAQ:LFUS) share price has dived 30% in the last thirty days...
We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]
Could Littelfuse, Inc. (NASDAQ:LFUS) be an attractive dividend share to own for the long haul? Investors are often...
Littelfuse, Inc. (NASDAQ: LFUS), a global manufacturer of leading technologies in circuit protection, power control and sensing, announced today it will participate in the virtual Oppenheimer 15th Annual Industrial Growth Conference on May 5, 2020.
Littelfuse (LFUS) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Their solid balance sheets indicate strength Continue reading...