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

Murata Manufacturing (OTCMKTS:MRAAY) updated its FY 2024 earnings guidance on Monday. The company provided earnings per share 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

Shares of OTCMKTS:MRAAY traded up $0.37 during midday trading on Wednesday, reaching $8.08. 499,541 shares of the company’s stock traded hands, compared to its average volume of 663,438. The company has a market cap of $31.72 billion, a price-to-earnings ratio of 25.25 and a beta of 0.80. Murata Manufacturing has a one year low of $7.33 and a one year high of $12.00. The stock has a 50 day moving average of $8.01 and a 200 day moving average of $9.02.

Murata Manufacturing (OTCMKTS:MRAAY) last released its earnings results on Friday, February 7th. The company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.03). Murata Manufacturing had a return on equity of 7.23% and a net margin of 10.80%. Sell-side analysts predict 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.