Murata Manufacturing (OTCMKTS:MRAAY) Releases Earnings Results, Meets Estimates

Murata Manufacturing (OTCMKTS:MRAAY) issued its earnings results on Friday. The company reported $0.18 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.18, Zacks reports. The business had revenue of $3.70 billion for the quarter, compared to analysts’ expectations of $3.53 billion. Murata Manufacturing had a return on equity of 9.84% and a net margin of 13.86%.

Murata Manufacturing Price Performance

Murata Manufacturing stock traded down $1.97 during mid-day trading on Friday, hitting $19.73. The company’s stock had a trading volume of 2,384,614 shares, compared to its average volume of 911,712. Murata Manufacturing has a 52-week low of $9.33 and a 52-week high of $38.72. The company has a market cap of $72.14 billion, a PE ratio of 41.98 and a beta of 1.66. The firm’s 50 day moving average is $23.51 and its 200 day moving average is $20.32.

Analyst Upgrades and Downgrades

Separately, Sanford C. Bernstein assumed coverage on shares of Murata Manufacturing in a research note on Tuesday, September 15th. They issued an “outperform” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Murata Manufacturing presently has an average rating of “Buy”.

Murata Manufacturing Company Profile

Murata Manufacturing Co, Ltd. is a Japanese electronic components manufacturer that develops and produces components, modules and devices used in a broad range of electronic equipment. Its product portfolio includes multilayer ceramic capacitors, inductors, filters, timing devices, sensors, wireless connectivity modules and power-related components.

The company’s products support applications in smartphones, computers, automobiles, industrial equipment, healthcare devices and other consumer and communications electronics.