Micron Technology (NASDAQ:MU) Releases Q1 Earnings Guidance

Micron Technology (NASDAQ:MU) updated its first quarter earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $1.66-$1.82 for the period, compared to the consensus estimate of $1.52. The company issued revenue guidance of $8.50-$8.90 billion, compared to the consensus revenue estimate of $8.27 billion. Micron Technology also updated its Q1 2025 guidance to 1.660-1.820 EPS.

Micron Technology Trading Up 14.7 %

Shares of NASDAQ:MU opened at $109.88 on Friday. The stock has a market cap of $121.84 billion, a PE ratio of -77.38, a P/E/G ratio of 0.20 and a beta of 1.17. The company has a quick ratio of 2.16, a current ratio of 3.41 and a debt-to-equity ratio of 0.29. Micron Technology has a 12-month low of $63.83 and a 12-month high of $157.54. The business has a 50 day moving average of $97.92 and a 200-day moving average of $114.64.

Micron Technology (NASDAQ:MU) last released its quarterly earnings results on Wednesday, September 25th. The semiconductor manufacturer reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.21. Micron Technology had a negative return on equity of 4.01% and a negative net margin of 7.20%. The business had revenue of $7.75 billion during the quarter, compared to the consensus estimate of $7.65 billion. During the same period in the previous year, the company posted ($1.21) EPS. The firm’s quarterly revenue was up 93.3% on a year-over-year basis. As a group, equities research analysts forecast that Micron Technology will post 0.61 earnings per share for the current year.

Micron Technology Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 23rd. Stockholders of record on Monday, October 7th will be issued a dividend of $0.115 per share. The ex-dividend date is Monday, October 7th. This represents a $0.46 annualized dividend and a dividend yield of 0.42%. Micron Technology’s dividend payout ratio is presently -32.39%.

Analyst Ratings Changes

Several brokerages recently issued reports on MU. Susquehanna cut their price target on Micron Technology from $175.00 to $165.00 and set a positive rating for the company in a research note on Thursday. Rosenblatt Securities upped their target price on Micron Technology from $225.00 to $250.00 and gave the company a buy rating in a research report on Thursday. Piper Sandler boosted their price target on Micron Technology from $130.00 to $150.00 and gave the company an overweight rating in a research note on Thursday, June 27th. KeyCorp reduced their price objective on shares of Micron Technology from $165.00 to $145.00 and set an overweight rating on the stock in a research note on Tuesday, August 6th. Finally, Wells Fargo & Company decreased their target price on shares of Micron Technology from $190.00 to $175.00 and set an overweight rating on the stock in a report on Wednesday, September 18th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and twenty-five have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of Moderate Buy and a consensus price target of $145.23.

About Micron Technology

Micron Technology, Inc designs, develops, manufactures, and sells memory and storage products worldwide. The company operates through four segments: Compute and Networking Business Unit, Mobile Business Unit, Embedded Business Unit, and Storage Business Unit. It provides memory and storage technologies comprising dynamic random access memory semiconductor devices with low latency that provide high-speed data retrieval; non-volatile and re-writeable semiconductor storage devices; and non-volatile re-writable semiconductor memory devices that provide fast read speeds under the Micron and Crucial brands, as well as through private labels.