Murata Manufacturing (OTCMKTS:MRAAY) Posts Earnings Results, Beats Expectations By $0.03 EPS

Murata Manufacturing (OTCMKTS:MRAAY) posted its quarterly earnings data on Thursday. The company reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.03, Zacks reports. Murata Manufacturing had a net margin of 10.74% and a return on equity of 7.42%.

Murata Manufacturing Stock Performance

MRAAY traded up $1.82 during midday trading on Thursday, hitting $16.75. The company had a trading volume of 515,305 shares, compared to its average volume of 406,024. The company has a market capitalization of $61.25 billion, a PE ratio of 47.86 and a beta of 0.98. Murata Manufacturing has a twelve month low of $6.64 and a twelve month high of $17.00. The firm’s 50-day simple moving average is $12.66 and its 200-day simple moving average is $11.13.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded shares of Murata Manufacturing to a “hold” rating in a research report on Monday. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Murata Manufacturing presently has a consensus rating of “Hold”.

Murata Manufacturing Company Profile

Murata Manufacturing Co, Ltd. is a Japan-based manufacturer of electronic components and modules, best known for its development and production of ceramic components. Founded in 1944 by Akira Murata and headquartered in Nagaokakyo, Kyoto Prefecture, the company has grown into a leading global supplier of multilayer ceramic capacitors (MLCCs), ceramic resonators, and a broad range of passive and active electronic parts used across consumer, industrial and automotive electronics.

The company’s product portfolio encompasses passive components (such as capacitors, inductors and filters), sensors and sensing modules, power modules, and RF/wireless communication modules.