Marvell Technology Group (NASDAQ:MRVL) will post its quarterly earnings results after the market closes on Thursday, March 8th. Analysts expect Marvell Technology Group to post earnings of $0.27 per share for the quarter.
Marvell Technology Group (NASDAQ:MRVL) last posted its quarterly earnings results on Tuesday, November 28th. The semiconductor company reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.01. The business had revenue of $616.00 million during the quarter, compared to analyst estimates of $613.49 million. Marvell Technology Group had a net margin of 16.53% and a return on equity of 11.93%. The firm’s revenue was down 5.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.20 earnings per share. On average, analysts expect Marvell Technology Group to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Shares of Marvell Technology Group (NASDAQ:MRVL) opened at $23.49 on Thursday. The stock has a market cap of $11,650.00, a P/E ratio of 41.21, a PEG ratio of 1.24 and a beta of 0.95. Marvell Technology Group has a 52-week low of $14.58 and a 52-week high of $24.22.
A number of analysts have recently issued reports on the stock. BidaskClub raised shares of Marvell Technology Group from a “hold” rating to a “buy” rating in a research report on Friday, February 23rd. ValuEngine raised shares of Marvell Technology Group from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Piper Jaffray Companies assumed coverage on shares of Marvell Technology Group in a research report on Monday, December 18th. They issued an “overweight” rating and a $25.00 price target for the company. Morgan Stanley increased their price target on shares of Marvell Technology Group from $20.50 to $22.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 13th. Finally, Oppenheimer reaffirmed a “buy” rating and set a $30.00 price objective on shares of Marvell Technology Group in a research report on Wednesday, November 29th. Seven analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $23.92.
Marvell Technology Group Company Profile
Marvell Technology Group Ltd. is a semiconductor provider of application-specific standard products. The Company is engaged in the design, development and sale of integrated circuits. The Company develops System-on-a-Chip (SoC) devices. It also develops integrated hardware platforms along with software that incorporates digital computing technologies designed and configured to provide an optimized computing solution.
Receive News & Ratings for Marvell Technology Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marvell Technology Group and related companies with MarketBeat.com's FREE daily email newsletter.