Company Update (NASDAQ:MU): Micron Technology CEO Mark Durcan to Present May 25 at JP Morgan Technology, Media and Telecom Conference

[GlobeNewswire] – BOISE, Idaho, May 19, 2016– Micron Technology, Inc. Chief Executive Officer Mark Durcan will present on Wednesday, May 25, at the JP Morgan Technology, Media and Telecom Conference.. A live webcast beginning … Read more on this. Micron Technology, Inc. (MU) , valued at $10.44B, started trading this morning at $10.00. Today, shares have traded between $9.91 and $10.26 per share and has traded between $9.31 and $28.62 over the past year. Priced at 69.07x this year’s forecasted earnings, MU shares are relatively expensive compared to the industry’s 10.91x forward p/e ratio. In a review of the consensus earnings estimate this quarter, 25 sell-side analysts are looking at $-0.09 per share, which would be $0.54 better than the year-ago quarter and a $0.07 sequential increase. What we find to be interesting is that the full-year EPS estimate of $0.14 is a $2.55 setback when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $2.96 Billion. If reported, that would be a 23.12% decrease over the year-ago quarter. In terms of ratings, Brean Capital Initiated MU at Buy (Apr 15, 2016). Previously, Raymond James upgraded MU from Outperform to Strong Buy. Investors should keep in mind is that the average price target is $13.44, which is 34.40% above where the stock opened this morning. See more in (NASDAQ:MU) Similar Articles: Market Update: Micron Technology Inc (NASDAQ:MU) – Micron CEO Mark Durcan to Provide Enterprise Storage Update in Online Webcast Company Update: Micron Technology Inc (NASDAQ:MU) – Micron Technology to Host Analyst Conference Company Update: Micron Technology Inc (NASDAQ:MU) – Micron (MU) Stock Climbs on Morgan Stanley Upgrade