Murata Manufacturing (MRAAY) to Release Earnings on Wednesday

Murata Manufacturing (OTCMKTS:MRAAY) is projected to issue its resultson Wednesday, July 29th. Analysts expect the company to announce earnings of $0.12 per share and revenue of $2.93 billion for the quarter.

Murata Manufacturing (OTCMKTS:MRAAY) last released its quarterly earnings data on Thursday, April 30th. The company reported $0.13 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.03. The business had revenue of $2.94 billion during the quarter, compared to analysts’ expectations of $2.91 billion. Murata Manufacturing had a net margin of 12.80% and a return on equity of 8.97%. 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 Trading Up 3.4%

Shares of Murata Manufacturing stock opened at $24.75 on Wednesday. The company has a market capitalization of $90.50 billion, a PE ratio of 58.93 and a beta of 1.57. Murata Manufacturing has a 12 month low of $7.05 and a 12 month high of $38.72. The stock’s fifty day simple moving average is $28.96 and its 200 day simple moving average is $18.14.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on MRAAY shares. Citigroup upgraded Murata Manufacturing from a “hold” rating to a “strong-buy” rating in a report on Monday, June 29th. Zacks Research upgraded Murata Manufacturing to a “hold” rating in a report on Monday, April 27th. One research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Buy”.

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.