This page is temporarily not available. Please check later as it should be available shortly. If you have any questions, please email customer support at firstname.lastname@example.org or call 800-767-3771 ext. 9339.
Littlefuse, Inc. designs and manufactures circuit protection devices for the auto, electronic and electrical markets in the Americas, Europe and Asia. The company was founded in 1927 and has a market cap of $1.4 billion.
Littlefuse has been pumping out big gains in 2011, helped by another strong from early May that came in ahead of expectations.
Revenue for the period was up 16% from last year to $167 million. Earnings also looked good at $1.08, 2% ahead of the Zacks Consensus Estimate, where the company has an average earnings surprise of 7% over the last four quarters.
Although the strong top line helped drive the quarter, the company noted that eclipsing a 20% operating margin in the traditionally weak first quarter was also a big boost.
Littlefuse's recent earnings momentum has enabled it to strengthen its balance sheet, with cash and short-term investments up $55 million from last year to $132 million. Total debt was up $15 to a still marginal $75 million.
We saw some pretty solid movement in estimates off the good quarter, with the current year up 55 cents to $4.53.
But in spite of the gains, the valuation still looks solid, with a forward P/E of 13X a discount to the industry average of 14X.
On the chart, LFUS recently rebounded from a key long-term trend line. The 52-week high is $66.38, take a look below.
Michael Vodicka is the Momentum Stock Strategist for Zacks.com. He is also the Editor in charge of the Zacks Momentum Trader Service.
Read the full reports :
Please login to Zacks.com or register to post a comment.