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

Murata Manufacturing (OTCMKTS:MRAAY) issued an update on its FY 2024 earnings guidance on Monday morning. 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 Price Performance

MRAAY stock opened at $7.86 on Monday. The stock’s fifty day moving average price is $8.02 and its 200-day moving average price is $9.09. The company has a market cap of $30.86 billion, a P/E ratio of 24.56 and a beta of 0.80. Murata Manufacturing has a 1 year low of $7.33 and a 1 year high of $12.00.

Murata Manufacturing (OTCMKTS:MRAAY) last released its quarterly earnings data on Friday, November 1st. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.03). The company had revenue of $3.10 billion for the quarter, compared to the consensus estimate of $2.94 billion. Murata Manufacturing had a net margin of 10.80% and a return on equity of 7.23%. As a group, analysts expect that Murata Manufacturing will post 0.54 earnings per share 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.