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.
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.
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