Murata Manufacturing (OTCMKTS:MRAAY) Issues Earnings Results

Murata Manufacturing (OTCMKTS:MRAAY) released its quarterly earnings data on Friday. The company reported $0.18 EPS for the quarter, hitting analysts’ consensus estimates of $0.18, Zacks reports. The firm had revenue of $3.70 billion for the quarter, compared to the consensus estimate of $3.53 billion. Murata Manufacturing had a return on equity of 9.84% and a net margin of 13.86%.

Murata Manufacturing Trading Down 9.1%

MRAAY opened at $19.73 on Friday. Murata Manufacturing has a 12-month low of $9.33 and a 12-month high of $38.72. The company has a market cap of $72.14 billion, a price-to-earnings ratio of 39.46 and a beta of 1.66. The company’s 50 day moving average is $23.51 and its 200 day moving average is $20.32.

Wall Street Analysts Forecast Growth

Separately, Sanford C. Bernstein began coverage on shares of Murata Manufacturing in a research note on Tuesday, September 15th. They issued an “outperform” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy”.

About Murata Manufacturing

Murata Manufacturing Co, Ltd. is a Japanese electronic components manufacturer that develops and produces components, modules and devices used in a broad range of electronic equipment. Its product portfolio includes multilayer ceramic capacitors, inductors, filters, timing devices, sensors, wireless connectivity modules and power-related components.

The company’s products support applications in smartphones, computers, automobiles, industrial equipment, healthcare devices and other consumer and communications electronics.