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.
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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.
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