Marvell Tech Group ( MRVL ) is scheduled to report its second-quarter results on September 6.
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07/20/2016 – Marvell Technology Group Ltd. had its “hold” rating reiterated by analysts at Needham & Company.
Average EPS forecast for the current year is $0.4 according to 23 analysts making projections for Marvell Technology Group Ltd. (NASDAQ:MRVL). The business had revenue of $626 million for the quarter, compared to analysts’ expectations of $629.96 million.
Let’s have a look at some of the important valuation ratios of the Marvell Technology Group Ltd. (NASDAQ:MRVL). The company had Year Ago Sales of 711.33 Million. The company reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.07.
Having a glance at growth estimates of the company, it has current quarter growth estimates of -8.30% whereas for next quarter it has 180.00% estimations over growth.
Marvell Technology Group Ltd.is a fabless semiconductor well-known provider of application-specific standard products. Four equities research analysts have rated the stock with a sell rating, nineteen have given a hold rating and eight have assigned a buy rating to the company. They now have a Dollars 12 price target on the stock.
On Friday Citigroup maintained its target for shares of Marvell Technology Group as “Sell” recommending a target price of 12 for investors; potentially meaning there is a decrease of -6.76% from Marvell Technology Group’s share price of 12.87.
Marvell Technology Group Ltd. closed its last trading session at $12.4 with the gain of 3.79%.
04/05/2016 – Marvell Technology Group Ltd. had its “outperform” rating reiterated by analysts at FBR Capital Markets. It has twelve month low of $7.40 and twelve month high of $13.06. The company’s 50-day moving average is $11.63 and its 200-day moving average is $10.37. The stock price is going above to its 52 week low with 77.88% and lagging above from its 52 week high with 1.01%. The company exchanged total volume of 7.73 million shares throughout course of last trade however it holds an average trading capacity of 5.99 million shares.
Price to Sale ratio of 15 stands at 2.49 while Price to Book Ratio stands at 1.55.
But the team also finds weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow. While it’s Return on Investment (ROI) value is -19.9%.
Along with these its year to date performance is standing at 49.24%.
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Marvell Technology Group Ltd. (NASDAQ:MRVL)’s mean EPS estimate was $0.09 for the quarter ended on 10/2015, while it reported EPS of $-0.01 on 12/7/2015 Before Market Open, missing the analysts’ consensus estimate by -0.10 with surprise factor of 111.11%.
