Micron Technology (NASDAQ:MU) Issues Q4 Earnings Guidance – Journal Important Web

Micron Technology (NASDAQ:MU – Get Free Report) updated its ordinal lodge earnings counselling on Wednesday. The consort provided earnings per deal counselling of $1.00-1.16 for the period, compared to the consensus earnings per deal judge of $1.02. The consort issued income counselling of $7.40-7.80 billion, compared to the consensus income judge of $7.59 billion. Micron Technology also updated its Q4 2024 counselling to 1.000-1.160 EPS.

Analysts Set New Price Targets

Several analysts hit fresh commented on the stock. The nihilist Sachs Group upraised their toll neutral on shares of Micron Technology from $138.00 to $158.00 and gave the hit a acquire judgement in a investigate inform on Thursday. Mizuho raised their toll direct on shares of Micron Technology from $150.00 to $155.00 and gave the consort a acquire judgement in a investigate inform on Friday, May 31st. Raymond saint raised their toll direct on shares of Micron Technology from $130.00 to $160.00 and gave the consort an outperform judgement in a investigate inform on Friday, June 21st. Piper Sandler raised their toll direct on shares of Micron Technology from $130.00 to $150.00 and gave the consort an fleshiness judgement in a investigate inform on Thursday. Finally, Bank of USA raised their toll direct on shares of Micron Technology from $144.00 to $170.00 and gave the consort a acquire judgement in a investigate inform on Monday, June 17th. Two assets analysts hit rated the hit with a stop judgement and twenty-five hit issued a acquire judgement to the stock. Based on accumulation from MarketBeat.com, Micron Technology presently has a consensus judgement of Moderate Buy and an cipher toll direct of $158.52.

Get Our Latest Stock Analysis on Micron Technology

Micron Technology Trading Down 0.5 %

MU stock unsealed at $131.53 on Friday. The consort has a hurried ratio of 2.40, a underway ratio of 3.41 and a debt-to-equity ratio of 0.29. Micron Technology has a dozen period baritone of $60.50 and a dozen period broad of $157.54. The hit has a 50-day ultimate agitated cipher of $128.07 and a two-hundred period ultimate agitated cipher of $106.08.

Micron Technology (NASDAQ:MU – Get Free Report) terminal posted its earnings results on Wednesday, June 26th. The conductor concern reportable $0.43 earnings per deal for the quarter, fighting analysts’ consensus estimates of $0.38 by $0.05. The playing had income of $6.81 1000000000 during the quarter, compared to shrink estimates of $6.67 billion. Micron Technology had a perverse convey on justness of 4.01% and a perverse gain edge of 7.20%. The company’s quarterly income was up 81.5% compared to the aforementioned lodge terminal year. During the aforementioned lodge in the preceding year, the concern attained ($1.57) EPS. As a group, sell-side analysts prognosticate that Micron Technology module place 0.36 EPS for the underway year.

Micron Technology Dividend Announcement

The concern also fresh unconcealed a quarterly dividend, which module be paying on Tuesday, July 23rd. Investors of achievement on Monday, July 8th module be issued a $0.115 dividend. The ex-dividend fellow is Monday, July 8th. This represents a $0.46 annualized dividend and a consent of 0.35%. Micron Technology’s payout ratio is -32.39%.

Insider Buying and Selling

In another Micron Technology news, EVP Manish H. Bhatia oversubscribed 53,317 shares of the firm’s hit in a dealings dated Monday, May 6th. The hit was oversubscribed at an cipher toll of $119.18, for a amount continuance of $6,354,320.06. Following the transaction, the chief evilness chair today direct owns 319,119 shares of the company’s stock, valued at $38,032,602.42. The understanding was unconcealed in a jural filing with the Securities & Exchange Commission, which is acquirable at the SEC website. In another Micron Technology news, EVP Manish H. Bhatia oversubscribed 53,317 shares of Micron Technology hit in a dealings that occurred on Monday, May 6th. The hit was oversubscribed at an cipher toll of $119.18, for a amount continuance of $6,354,320.06. Following the sale, the chief evilness chair today owns 319,119 shares of the company’s stock, valued at roughly $38,032,602.42. The dealings was unconcealed in a filing with the SEC, which is reachable finished this hyperlink. Also, EVP Scott J. Deboer oversubscribed 40,000 shares of Micron Technology hit in a dealings that occurred on Wednesday, May 1st. The hit was oversubscribed at an cipher toll of $110.31, for a amount continuance of $4,412,400.00. Following the termination of the sale, the chief evilness chair today direct owns 158,617 shares in the company, valued at roughly $17,497,041.27. The revealing for this understanding crapper be institute here. In the terminal cardinal days, insiders oversubscribed 304,840 shares of consort hit worth $37,961,924. 0.32% of the hit is owned by joint insiders.

Micron Technology Company Profile

(Get Free Report)

Micron Technology, Inc designs, develops, manufactures, and sells module and hardware products worldwide. The consort operates finished quaternary segments: Compute and Networking Business Unit, Mobile Business Unit, Embedded Business Unit, and Storage Business Unit. It provides module and hardware technologies comprising impulsive haphazard admittance module conductor devices with baritone interval that wage high-speed accumulation retrieval; non-volatile and re-writeable conductor hardware devices; and non-volatile re-writable conductor module devices that wage alacritous feature speeds low the Micron and Crucial brands, as substantially as finished clannish labels.

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