Murata Manufacturing (OTCMKTS:MRAAY) Posts Earnings Results, Beats Expectations By $0.03 EPS

Murata Manufacturing (OTCMKTS:MRAAY) announced its earnings results on Thursday. The company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.03, Zacks reports. Murata Manufacturing had a net margin of 12.80% and a return on equity of 8.97%. The firm had revenue of $2.94 billion for the quarter, compared to analysts’ expectations of $2.90 billion.

Murata Manufacturing Stock Down 2.5%

OTCMKTS MRAAY opened at $16.33 on Friday. The company has a fifty day moving average of $12.75 and a two-hundred day moving average of $11.17. The firm has a market capitalization of $59.71 billion, a price-to-earnings ratio of 46.66 and a beta of 1.32. Murata Manufacturing has a 52 week low of $6.74 and a 52 week high of $17.00.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised Murata Manufacturing to a “hold” rating in a research note on Monday, April 27th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company has an average rating of “Hold”.

About Murata Manufacturing

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.