Marvell Technology Group Ltd. (MRVL) : Q216 Earnings Whisper

Marvell Technology Group Ltd. (MRVL) is scheduled to release its fiscal 2016 second-quarter earnings results after today’s close. Wall Street analysts are on average expecting MRVL to post $725.01 million in sales during the quarter. This would show a 0.14% increase from the Q116 revenue of $724 million and an decrease of 24.60% from the same period in Q215. EPS in Q216 are expected to come in at $0.11, a decline rate of 67.65% from $0.34 per share a year earlier. Meanwhile, EarningsWhisper.com reports a whisper number of $0.12 per share.

As a quick reminder, MRVL reported Q116 EPS of $0.13, $0.03 better than the Street’s consensus estimate. Revs decreased 24.43% yoy to $724 million versus the $733.35 million consensus.

MRVL is currently printing a lower than average trading volume with the issue trading 1.25 million shares, compared to the average volume of 5.93 million. The stock began trading this morning at $11.14 to currently trade 1.27% higher from the prior days close of $11.02. On an intraday basis it has gotten as low as $11.05 and as high as $11.26.

On valuation measures, Marvell Technology Group Ltd. shares are priced at 16.46x this year’s forecasted earnings, compared to the industry’s 11.61x earnings multiple. The company’s current year and next year EPS growth estimates stand at (49.6%) and 25.90% compared to the industry growth rates of 17.10% and 28.40%, respectively. MRVL has a t-12 price-to-sales ratio of 1.64. EPS for the same period registers at $0.68.

In terms of share statistics, Marvell Technology Group has a total of 517.60 million shares outstanding with 21.39% held by insiders and 61.70% held by institutions. The stock’s short interest currently stands at 1.80%, bringing the total number of shares sold short to 7.51 million.

Offering a dividend yield of 2.15%, shares of Hamilton, Bermuda-based company are down 20.17% year-over-year, compared with a 2.59% loss in the S&P 500.

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