Murata Manufacturing Inc. (OTCMKTS:MRAAY – Get Free Report)’s share price gapped up before the market opened on Thursday . The stock had previously closed at $22.88, but opened at $23.75. Murata Manufacturing shares last traded at $23.79, with a volume of 36,197 shares traded.
Wall Street Analysts Forecast Growth
Separately, Citigroup raised Murata Manufacturing from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 29th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Buy”.
Check Out Our Latest Report on Murata Manufacturing
Murata Manufacturing Price Performance
Murata Manufacturing (OTCMKTS:MRAAY – Get Free Report) last issued its earnings results on Friday, July 31st. The company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.02. Murata Manufacturing had a return on equity of 9.84% and a net margin of 13.86%.The firm had revenue of $3.15 billion for the quarter, compared to analyst estimates of $2.97 billion. Murata Manufacturing has set its FY 2026 guidance at 0.583-0.583 EPS. On average, research analysts anticipate that Murata Manufacturing Inc. will post 0.58 EPS for the current year.
Murata Manufacturing Company Profile
Murata Manufacturing Co, Ltd. is a Japan-based electronics component manufacturer headquartered in Kyoto. The company develops and produces components and solutions used in smartphones, computers, automobiles, industrial equipment, healthcare devices and other electronic products.
Its product portfolio includes multilayer ceramic capacitors, inductors, filters, timing devices, sensors, radio-frequency components, communication modules and power-related products. Murata also provides batteries and electronic modules designed for applications such as wireless connectivity, automotive systems and factory automation.
Founded in 1944 by Akira Murata and incorporated as Murata Manufacturing Co, Ltd.
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