Murata Manufacturing (MRAAY) to Release Earnings on Wednesday

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

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

OTCMKTS:MRAAY opened at $24.75 on Wednesday. The company has a market cap of $90.50 billion, a PE ratio of 58.93 and a beta of 1.57. Murata Manufacturing has a 52-week low of $7.05 and a 52-week high of $38.72. The stock has a 50-day simple moving average of $28.96 and a 200 day simple moving average of $18.14.

Analysts Set New Price Targets

MRAAY has been the subject of a number of recent research reports. Zacks Research raised Murata Manufacturing to a “hold” rating in a research report on Monday, April 27th. Citigroup raised shares of Murata Manufacturing from a “hold” rating to a “strong-buy” rating in a research note on Monday, June 29th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, Murata Manufacturing 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.