Everspin Technologies (MRAM) Updates Q4 Earnings Guidance

Share on StockTwits

Everspin Technologies (NASDAQ:MRAM) issued an update on its fourth quarter earnings guidance on Thursday morning. The company provided earnings per share guidance of $(0.22)-(0.18) for the period, compared to the Thomson Reuters consensus earnings per share estimate of ($0.30). The company issued revenue guidance of $11.8-12.2 million, compared to the consensus revenue estimate of $11.73 million.

Shares of MRAM traded up $0.06 during mid-day trading on Friday, hitting $7.72. The company’s stock had a trading volume of 73,471 shares, compared to its average volume of 43,429. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.20 and a quick ratio of 2.57. The stock has a market capitalization of $128.47 million, a P/E ratio of -4.57 and a beta of 2.30. Everspin Technologies has a 1-year low of $6.33 and a 1-year high of $11.48.

Everspin Technologies (NASDAQ:MRAM) last posted its quarterly earnings results on Thursday, November 8th. The business services provider reported ($0.33) EPS for the quarter, beating the consensus estimate of ($0.34) by $0.01. The business had revenue of $11.52 million during the quarter, compared to analysts’ expectations of $10.80 million. Everspin Technologies had a negative return on equity of 75.89% and a negative net margin of 39.62%. The company’s quarterly revenue was up 27.9% compared to the same quarter last year. During the same period last year, the firm earned ($0.43) EPS. Research analysts anticipate that Everspin Technologies will post -1.13 EPS for the current year.

MRAM has been the subject of several recent analyst reports. Needham & Company LLC reissued a buy rating and issued a $14.00 price target on shares of Everspin Technologies in a report on Thursday, August 9th. TheStreet raised Everspin Technologies from a d rating to a c- rating in a report on Monday, August 6th. Finally, Zacks Investment Research raised Everspin Technologies from a sell rating to a hold rating in a report on Wednesday, October 10th. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of Buy and an average price target of $13.75.

TRADEMARK VIOLATION WARNING: “Everspin Technologies (MRAM) Updates Q4 Earnings Guidance” was first posted by BBNS and is the property of of BBNS. If you are viewing this article on another site, it was illegally stolen and reposted in violation of United States & international trademark and copyright laws. The original version of this article can be accessed at https://baseballnewssource.com/2018/11/10/everspin-technologies-mram-updates-q4-earnings-guidance/2971966.html.

Everspin Technologies Company Profile

Everspin Technologies, Inc manufactures and sells magnetoresistive random access memory (MRAM) products to customers in the United States and internationally. It offers Toggle MRAM, spin-transfer torque MRAM, embedded MRAM, magnetic sensor, and aerospace and satellite electronic systems. The company provides its products for applications, including industrial, automotive, transportation, and enterprise storage markets.

Recommended Story: Why is the conference call important?

Receive News & Ratings for Everspin Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Everspin Technologies and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


Leave a Reply

 
© 2006-2018 BBNS.