Murata Manufacturing (OTCMKTS:MRAAY) Updates FY 2024 Earnings Guidance

Murata Manufacturing (OTCMKTS:MRAAY) updated its FY 2024 earnings guidance on Monday. The company provided EPS guidance of 0.820-0.820 for the period. The company issued revenue guidance of $11.2 billion-$11.2 billion.

Murata Manufacturing Stock Performance

MRAAY stock opened at $7.86 on Monday. The company’s 50 day moving average price is $8.02 and its 200 day moving average price is $9.09. The firm has a market capitalization of $30.86 billion, a price-to-earnings ratio of 24.56 and a beta of 0.80. Murata Manufacturing has a fifty-two week low of $7.33 and a fifty-two week high of $12.00.

Murata Manufacturing (OTCMKTS:MRAAY) last issued its earnings results on Friday, November 1st. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.03). Murata Manufacturing had a return on equity of 7.23% and a net margin of 10.80%. The company had revenue of $3.10 billion for the quarter, compared to analysts’ expectations of $2.94 billion. Equities analysts forecast that Murata Manufacturing will post 0.54 EPS for the current fiscal year.

Murata Manufacturing Company Profile

Murata Manufacturing Co, Ltd. designs, manufactures, and sells ceramic-based passive electronic components and solutions in Japan and internationally. The company offers capacitors, inductors, noise suppression products/EMI suppression filters/ESD protection devices, resistors, thermistors, sensors, timing devices, quartz devices, sound components, power products, batteries, micro mechatronics, RFID product, baluns, couplers, filters, phase shifters, RF switches, front-end modules, SAW components, connectors, antennas, connectivity modules, wireless connectivity platforms, ionizers/active oxygen modules, and transformers.