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

Murata Manufacturing (OTCMKTS:MRAAY) issued an update on its FY 2024 earnings guidance on Friday morning. The company provided EPS guidance of 0.840-0.840 for the period. The company issued revenue guidance of $11.4 billion-$11.4 billion.

Murata Manufacturing Stock Down 1.7 %

Shares of Murata Manufacturing stock opened at $8.75 on Friday. Murata Manufacturing has a 12-month low of $8.49 and a 12-month high of $12.00. The business’s 50 day moving average is $9.60 and its 200-day moving average is $9.83. The stock has a market cap of $33.06 billion, a P/E ratio of 25.43 and a beta of 0.83.

Murata Manufacturing (OTCMKTS:MRAAY) last posted its quarterly earnings results on Tuesday, July 30th. The company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.01. Murata Manufacturing had a net margin of 11.62% and a return on equity of 7.72%. The firm had revenue of $2.71 billion for the quarter, compared to analyst estimates of $2.63 billion. On average, sell-side analysts expect that Murata Manufacturing will post 0.52 EPS for the current 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.