Equities research analysts expect Everspin Technologies Inc (NASDAQ:MRAM) to report earnings of ($0.37) per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Everspin Technologies’ earnings. Everspin Technologies reported earnings per share of ($0.48) during the same quarter last year, which would suggest a positive year-over-year growth rate of 22.9%. The company is scheduled to report its next earnings results on Friday, March 9th.

According to Zacks, analysts expect that Everspin Technologies will report full year earnings of ($1.72) per share for the current year, with EPS estimates ranging from ($1.72) to ($1.71). For the next year, analysts anticipate that the business will post earnings of ($0.73) per share, with EPS estimates ranging from ($1.27) to ($0.19). Zacks Investment Research’s EPS averages are an average based on a survey of analysts that cover Everspin Technologies.

Everspin Technologies (NASDAQ:MRAM) last announced its quarterly earnings data on Monday, November 13th. The business services provider reported ($0.43) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.45) by $0.02. Everspin Technologies had a negative return on equity of 108.26% and a negative net margin of 66.90%. The company had revenue of $8.30 million for the quarter, compared to analysts’ expectations of $9.90 million. The company’s revenue for the quarter was up 31.7% on a year-over-year basis.

Several brokerages recently issued reports on MRAM. Stifel Nicolaus reissued a “buy” rating and issued a $18.00 price objective on shares of Everspin Technologies in a research note on Thursday, October 12th. Zacks Investment Research raised Everspin Technologies from a “sell” rating to a “hold” rating in a research note on Wednesday, October 11th. Needham & Company LLC dropped their price objective on Everspin Technologies from $24.00 to $17.00 and set a “strong-buy” rating on the stock in a research note on Tuesday, November 14th. dropped their price objective on Everspin Technologies from $24.00 to $17.00 and set a “strong-buy” rating on the stock in a research note on Wednesday, November 15th. Finally, Canaccord Genuity dropped their price objective on Everspin Technologies from $18.00 to $15.00 and set a “buy” rating on the stock in a research note on Friday, November 17th. One investment analyst has rated the stock with a sell rating, two have given a buy rating and two have issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $16.75.

Shares of Everspin Technologies (MRAM) traded down $0.04 during trading hours on Friday, reaching $8.35. The company had a trading volume of 188,143 shares, compared to its average volume of 160,686. Everspin Technologies has a 52 week low of $6.69 and a 52 week high of $25.39. The company has a market capitalization of $106.60 and a PE ratio of -4.59. The company has a debt-to-equity ratio of 0.74, a quick ratio of 2.27 and a current ratio of 3.04.

A number of hedge funds and other institutional investors have recently made changes to their positions in MRAM. Wells Fargo & Company MN bought a new stake in Everspin Technologies during the 2nd quarter valued at $322,000. B. Riley Financial Inc. bought a new stake in Everspin Technologies during the 2nd quarter valued at $346,000. Mesirow Financial Investment Management Inc. bought a new stake in Everspin Technologies during the 2nd quarter valued at $419,000. Stifel Financial Corp bought a new stake in Everspin Technologies during the 2nd quarter valued at $525,000. Finally, Granite Investment Partners LLC bought a new stake in Everspin Technologies during the 3rd quarter valued at $560,000. 24.32% of the stock is currently owned by institutional investors and hedge funds.

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About Everspin Technologies

Everspin Technologies, Inc is a United States-based provider of magnetoresistive random-access memory (MRAM) solutions. The Company is engaged in designing, manufacturing and shipping discrete and embedded MRAM and spin-torque MRAM (ST-MRAM) into markets and applications. The Company’s products include 8-bit/16-bit Parallel Interface MRAM, Serial Peripheral Interface (SPI), Quad SPI and Double Data Rate (DDR) 3 dynamic random-access memory (DRAM) Compatible MRAM – Spin Torque Technology.

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