Micron Technology (NASDAQ:MU) will be posting its quarterly earnings results after the market closes on Wednesday, March 21st. Analysts expect Micron Technology to post earnings of $2.55 per share for the quarter. Micron Technology has set its Q2 guidance at $2.51-2.65 EPS.
Micron Technology (NASDAQ:MU) last released its earnings results on Tuesday, December 19th. The semiconductor manufacturer reported $2.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.85 by $0.60. Micron Technology had a net margin of 32.77% and a return on equity of 41.87%. The firm had revenue of $6.80 billion during the quarter, compared to the consensus estimate of $6.43 billion. During the same period in the previous year, the firm earned $0.32 earnings per share. Micron Technology’s revenue was up 71.4% compared to the same quarter last year. On average, analysts expect Micron Technology to post $10 EPS for the current fiscal year and $10 EPS for the next fiscal year.
Shares of Micron Technology (NASDAQ MU) opened at $59.43 on Wednesday. Micron Technology has a twelve month low of $24.93 and a twelve month high of $63.42. The stock has a market cap of $68,720.00, a P/E ratio of 9.36, a P/E/G ratio of 0.53 and a beta of 1.45. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.39 and a quick ratio of 1.83.
In other news, Director Robert L. Bailey sold 3,000 shares of the business’s stock in a transaction on Thursday, March 1st. The shares were sold at an average price of $48.00, for a total transaction of $144,000.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP April S. Arnzen sold 1,222 shares of the business’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $43.77, for a total transaction of $53,486.94. Following the transaction, the senior vice president now directly owns 57,969 shares in the company, valued at $2,537,303.13. The disclosure for this sale can be found here. Over the last three months, insiders have sold 174,692 shares of company stock worth $7,493,827. Corporate insiders own 0.53% of the company’s stock.
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About Micron Technology
Micron Technology, Inc is engaged in semiconductor systems. The Company’s portfolio of memory technologies, including dynamic random-access memory (DRAM), negative-AND (NAND) Flash and NOR Flash are the basis for solid-state drives, modules, multi-chip packages and other system solutions. Its business segments include Compute and Networking Business Unit (CNBU), which includes memory products sold into compute, networking, graphics and cloud server markets; Mobile Business Unit (MBU), which includes memory products sold into smartphone, tablet and other mobile-device markets; Storage Business Unit (SBU), which includes memory products sold into enterprise, client, cloud and removable storage markets, and SBU also includes products sold to Intel through its Intel/Micron Flash Technology (IMFT) joint venture, and Embedded Business Unit (EBU), which includes memory products sold into automotive, industrial, connected home and consumer electronics markets.
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