Everspin Technologies (MRAM) Issues Q2 2019 Earnings Guidance

Everspin Technologies (NASDAQ:MRAM) issued an update on its second quarter 2019 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $-0.27–0.23 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $-0.27. The company issued revenue guidance of $9.6-10 million.Everspin Technologies also updated its Q2 guidance to ($0.27)-($0.23) EPS.

NASDAQ:MRAM opened at $6.86 on Friday. Everspin Technologies has a 52-week low of $5.30 and a 52-week high of $11.20. The company has a current ratio of 2.55, a quick ratio of 1.84 and a debt-to-equity ratio of 0.34. The stock has a market cap of $117.51 million, a PE ratio of -6.35 and a beta of 2.48.

Everspin Technologies (NASDAQ:MRAM) last posted its earnings results on Wednesday, May 8th. The business services provider reported ($0.25) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.26) by $0.01. The business had revenue of $10.03 million for the quarter, compared to analysts’ expectations of $9.70 million. Everspin Technologies had a negative net margin of 44.80% and a negative return on equity of 76.21%. On average, research analysts expect that Everspin Technologies will post -0.9 earnings per share for the current year.

MRAM has been the topic of several research analyst reports. Needham & Company LLC reaffirmed a buy rating and set a $14.00 price objective on shares of Everspin Technologies in a research note on Sunday, May 12th. Zacks Investment Research cut shares of Everspin Technologies from a hold rating to a sell rating in a research note on Friday, May 10th.

ILLEGAL ACTIVITY NOTICE: “Everspin Technologies (MRAM) Issues Q2 2019 Earnings Guidance” was originally published by Rockland Register and is the sole property of of Rockland Register. If you are accessing this piece of content on another website, it was copied illegally and reposted in violation of international copyright & trademark laws. The original version of this piece of content can be accessed at https://rocklandregister.com/2019/06/01/everspin-technologies-mram-issues-q2-2019-earnings-guidance.html.

Everspin Technologies Company Profile

Everspin Technologies, Inc manufactures and sells magnetoresistive random access memory (MRAM) products to customers in the United States, Japan, China, Germany, Singapore, and internationally. It offers Toggle MRAM, spin-transfer torque MRAM, and embedded MRAM products, as well as magnetic sensors and aerospace and satellite electronic systems.

Further Reading: Commodities

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.