Murata Manufacturing (MRAAY) Expected to Release Earnings on Wednesday

Murata Manufacturing (OTCMKTS:MRAAY) will likely be announcing its resultson Wednesday, July 29th. Analysts expect the company to announce earnings of $0.12 per share and revenue of $2.9173 billion for the quarter.

Murata Manufacturing (OTCMKTS:MRAAY) last issued its quarterly earnings data on Thursday, April 30th. The company reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.03. Murata Manufacturing had a return on equity of 8.97% and a net margin of 12.80%.The company had revenue of $2.94 billion during the quarter, compared to analysts’ expectations of $2.91 billion. On average, analysts expect Murata Manufacturing to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Murata Manufacturing Stock Performance

Murata Manufacturing stock opened at $24.95 on Monday. Murata Manufacturing has a 12 month low of $7.08 and a 12 month high of $38.72. The stock’s 50 day moving average is $29.30 and its 200-day moving average is $18.45. The company has a market capitalization of $91.23 billion, a price-to-earnings ratio of 59.41 and a beta of 1.57.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on MRAAY shares. Zacks Research raised Murata Manufacturing to a “hold” rating in a report on Monday, April 27th. Citigroup raised Murata Manufacturing from a “hold” rating to a “strong-buy” rating in a report on Monday, June 29th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy”.

Murata Manufacturing Company Profile

Murata Manufacturing Co, Ltd. is a Japan-based manufacturer of electronic components and modules, best known for its development and production of ceramic components. Founded in 1944 by Akira Murata and headquartered in Nagaokakyo, Kyoto Prefecture, the company has grown into a leading global supplier of multilayer ceramic capacitors (MLCCs), ceramic resonators, and a broad range of passive and active electronic parts used across consumer, industrial and automotive electronics.

The company’s product portfolio encompasses passive components (such as capacitors, inductors and filters), sensors and sensing modules, power modules, and RF/wireless communication modules.