Micron Technology, Inc. (MU) to Release Earnings on Thursday
Micron Technology, Inc. (NASDAQ:MU) is scheduled to release its earnings data after the market closes on Thursday, March 23rd. Analysts expect Micron Technology to post earnings of $0.84 per share for the quarter.
Micron Technology (NASDAQ:MU) last released its quarterly earnings data on Wednesday, December 21st. The semiconductor manufacturer reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.04. The firm earned $3.97 billion during the quarter. Micron Technology had a positive return on equity of 0.81% and a negative net margin of 2.32%. The business’s revenue for the quarter was up 18.5% compared to the same quarter last year. During the same period last year, the company posted $0.24 EPS. On average, analysts expect Micron Technology to post $2.93 EPS for the current fiscal year and $3.43 EPS for the next fiscal year.
Shares of Micron Technology, Inc. (NASDAQ:MU) opened at 26.21 on Tuesday. The stock’s market cap is $28.90 billion. Micron Technology, Inc. has a 1-year low of $9.35 and a 1-year high of $26.61. The stock’s 50 day moving average price is $24.49 and its 200-day moving average price is $20.41.
In other news, VP Brian Shirley sold 27,250 shares of the stock in a transaction dated Wednesday, February 15th. The stock was sold at an average price of $23.12, for a total value of $630,020.00. Following the transaction, the vice president now directly owns 340,542 shares of the company’s stock, valued at $7,873,331.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Steven L. Thorsen, Jr. sold 126,000 shares of the stock in a transaction dated Thursday, February 9th. The shares were sold at an average price of $24.64, for a total value of $3,104,640.00. Following the completion of the transaction, the vice president now directly owns 421,690 shares in the company, valued at $10,390,441.60. The disclosure for this sale can be found here. Over the last quarter, insiders sold 292,610 shares of company stock valued at $6,857,512. 0.69% of the stock is currently owned by company insiders.
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A number of analysts have issued reports on MU shares. Deutsche Bank AG reaffirmed a “buy” rating and issued a $20.00 price objective (down previously from $24.00) on shares of Micron Technology in a research note on Monday, November 28th. Needham & Company LLC reaffirmed an “underperform” rating and issued a $20.44 price objective on shares of Micron Technology in a research note on Wednesday, November 30th. Nomura lifted their price objective on Micron Technology from $23.00 to $25.00 and gave the stock a “buy” rating in a research note on Wednesday, November 30th. Cowen and Company lifted their price objective on Micron Technology from $22.00 to $23.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 30th. Finally, Susquehanna Bancshares Inc reaffirmed a “positive” rating and issued a $23.00 price objective (up previously from $21.00) on shares of Micron Technology in a research note on Wednesday, November 30th. Four equities research analysts have rated the stock with a hold rating, thirty-two have issued a buy rating and one has given a strong buy rating to the company. Micron Technology currently has an average rating of “Buy” and an average target price of $25.19.
Micron Technology Company Profile
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