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

Murata Manufacturing (OTCMKTS:MRAAY - Get Free Report) updated its FY 2024 earnings guidance on Friday. 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 Performance

Shares of OTCMKTS MRAAY traded down $0.22 during trading on Friday, hitting $8.53. 463,452 shares of the company traded hands, compared to its average volume of 280,774. The firm has a market capitalization of $32.23 billion, a price-to-earnings ratio of 24.37 and a beta of 0.83. Murata Manufacturing has a fifty-two week low of $8.25 and a fifty-two week high of $12.00. The business's fifty day moving average is $9.57 and its 200 day moving average is $9.82.

Murata Manufacturing (OTCMKTS:MRAAY - Get Free Report) last released its quarterly earnings results on Tuesday, July 30th. The company reported $0.11 earnings per share for the quarter, beating analysts' consensus estimates of $0.10 by $0.01. The company had revenue of $2.71 billion for the quarter, compared to analyst estimates of $2.63 billion. Murata Manufacturing had a net margin of 11.62% and a return on equity of 7.72%. On average, analysts predict 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.