Everspin Tech (MRAM) to Release Quarterly Earnings on Monday

Everspin Tech (NASDAQ:MRAM) will announce its earnings results before the market opens on Monday, November 13th. Analysts expect the company to announce earnings of ($0.45) per share for the quarter.

Everspin Tech (NASDAQ:MRAM) last posted its quarterly earnings data on Thursday, August 10th. The business services provider reported ($0.40) EPS for the quarter, missing analysts’ consensus estimates of ($0.38) by ($0.02). The business had revenue of $8.93 million for the quarter, compared to the consensus estimate of $8.75 million. On average, analysts expect Everspin Tech to post $-2 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Everspin Tech (MRAM) opened at $9.15 on Friday. The company has a quick ratio of 3.57, a current ratio of 4.47 and a debt-to-equity ratio of 0.63. Everspin Tech has a one year low of $6.63 and a one year high of $25.39.

A number of research analysts have commented on MRAM shares. Stifel Nicolaus restated a “buy” rating and issued a $18.00 price objective on shares of Everspin Tech in a research note on Thursday, October 12th. Zacks Investment Research upgraded shares of Everspin Tech from a “sell” rating to a “hold” rating in a research note on Wednesday, October 11th. Needham & Company LLC restated a “buy” rating and issued a $24.00 price objective on shares of Everspin Tech in a research note on Monday, August 28th. Finally, Canaccord Genuity restated a “buy” rating and issued a $18.00 price objective (up from $12.00) on shares of Everspin Tech in a research note on Monday, August 14th.

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About Everspin Tech

Everspin Technologies, Inc is a United States-based provider of magnetoresistive random-access memory (MRAM) solutions. The Company is engaged in designing, manufacturing and shipping discrete and embedded MRAM and spin-torque MRAM (ST-MRAM) into markets and applications. The Company’s products include 8-bit/16-bit Parallel Interface MRAM, Serial Peripheral Interface (SPI), Quad SPI and Double Data Rate (DDR) 3 dynamic random-access memory (DRAM) Compatible MRAM – Spin Torque Technology.

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