Micron Technology (MU) Scheduled to Post Quarterly Earnings on Tuesday
Micron Technology (NASDAQ:MU) will be issuing its quarterly earnings data after the market closes on Tuesday, December 19th. Analysts expect the company to announce earnings of $1.85 per share for the quarter. Micron Technology has set its Q1 guidance at $2.09-2.23 EPS.
Micron Technology (NASDAQ:MU) last released its quarterly earnings data on Tuesday, September 26th. The semiconductor manufacturer reported $2.02 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.84 by $0.18. The business had revenue of $6.14 billion during the quarter, compared to analyst estimates of $5.97 billion. Micron Technology had a return on equity of 32.09% and a net margin of 25.04%. The company’s revenue was up 90.8% on a year-over-year basis. During the same quarter last year, the business posted ($0.01) EPS. On average, analysts expect Micron Technology to post $7 EPS for the current fiscal year and $7 EPS for the next fiscal year.
Micron Technology (NASDAQ MU) opened at $43.01 on Tuesday. The firm has a market capitalization of $50,006.02, a PE ratio of 9.73, a price-to-earnings-growth ratio of 0.58 and a beta of 1.75. Micron Technology has a 52 week low of $19.49 and a 52 week high of $49.89. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.75 and a current ratio of 2.34.
MU has been the topic of a number of analyst reports. J P Morgan Chase & Co restated a “buy” rating on shares of Micron Technology in a research report on Tuesday, August 29th. Credit Suisse Group restated an “outperform” rating and set a $50.00 target price (up from $40.00) on shares of Micron Technology in a research report on Wednesday, September 27th. Vetr upgraded Micron Technology from a “hold” rating to a “buy” rating and set a $47.30 target price on the stock in a research report on Wednesday, November 15th. Citigroup set a $45.00 target price on Micron Technology and gave the company a “buy” rating in a research report on Tuesday, August 29th. Finally, Robert W. Baird restated an “outperform” rating and set a $60.00 target price (up from $52.00) on shares of Micron Technology in a research report on Tuesday, November 28th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, thirty have issued a buy rating and two have given a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $48.20.
In other news, EVP Scott J. Deboer sold 29,500 shares of the business’s stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $35.00, for a total transaction of $1,032,500.00. Following the transaction, the executive vice president now directly owns 169,732 shares in the company, valued at approximately $5,940,620. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Robert L. Bailey sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $39.86, for a total value of $119,580.00. Following the transaction, the director now owns 114,284 shares in the company, valued at $4,555,360.24. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 298,088 shares of company stock worth $11,512,538. Insiders own 0.53% of the company’s stock.
About Micron Technology
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