Brokers Offer Predictions for ITOCHU CORP/ADR’s FY2021 Earnings (OTCMKTS:ITOCY)

ITOCHU CORP/ADR (OTCMKTS:ITOCY) – Investment analysts at Jefferies Financial Group decreased their FY2021 earnings per share (EPS) estimates for shares of ITOCHU CORP/ADR in a report issued on Thursday, June 25th. Jefferies Financial Group analyst T. Pham now expects that the company will post earnings per share of $5.34 for the year, down from their previous forecast of $5.58. Jefferies Financial Group also issued estimates for ITOCHU CORP/ADR’s FY2022 earnings at $5.83 EPS.

Other research analysts have also issued reports about the company. Zacks Investment Research cut ITOCHU CORP/ADR from a “hold” rating to a “sell” rating in a research note on Tuesday. Goldman Sachs Group upgraded ITOCHU CORP/ADR from a “neutral” rating to a “buy” rating in a report on Wednesday, June 17th.

Shares of ITOCHU CORP/ADR stock opened at $43.17 on Monday. The firm has a fifty day moving average of $42.71 and a two-hundred day moving average of $43.51. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.94 and a current ratio of 1.22. The stock has a market capitalization of $32.27 billion, a price-to-earnings ratio of 6.94 and a beta of 0.48. ITOCHU CORP/ADR has a 52 week low of $33.16 and a 52 week high of $48.82.

ITOCHU CORP/ADR (OTCMKTS:ITOCY) last released its earnings results on Friday, May 8th. The company reported $0.92 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.92. The company had revenue of $25 billion for the quarter, compared to the consensus estimate of $28.78 billion. ITOCHU CORP/ADR had a net margin of 4.56% and a return on equity of 13.19%.

Hedge funds have recently made changes to their positions in the company. Parametric Portfolio Associates LLC raised its position in shares of ITOCHU CORP/ADR by 7.4% during the first quarter. Parametric Portfolio Associates LLC now owns 1,048,529 shares of the company’s stock worth $42,907,000 after purchasing an additional 72,680 shares during the period. Todd Asset Management LLC bought a new stake in ITOCHU CORP/ADR during the 1st quarter worth approximately $2,717,000. Finally, Quadrant Capital Group LLC raised its holdings in ITOCHU CORP/ADR by 10.1% during the 4th quarter. Quadrant Capital Group LLC now owns 10,242 shares of the company’s stock worth $454,000 after buying an additional 937 shares during the period. 0.16% of the stock is owned by institutional investors.


ITOCHU Corporation engages in trading and importing/exporting various products worldwide. The company's Textile segment produces and sells textile raw materials, garment materials, textile products, apparel, and industrial materials; and focuses on import licenses for lifestyle brands, fashion accessories, and garments in various areas, such as luxury, casual, and sports.

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