Mitsubishi Estate (OTCMKTS:MITEY) Updates FY 2027 Earnings Guidance

Mitsubishi Estate (OTCMKTS:MITEY – Get Free Report) issued an update on its FY 2027 earnings guidance on Friday morning. The company provided earnings per share guidance of 1.251-1.251 for the period, compared to the consensus EPS estimate of 1.250. The company issued revenue guidance of $12.8 billion-$12.8 billion.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group lowered shares of Mitsubishi Estate from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 22nd. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock has a consensus rating of “Hold”.

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Mitsubishi Estate Price Performance

Shares of OTCMKTS:MITEY traded up $0.81 during midday trading on Friday, reaching $24.91. 130,462 shares of the company’s stock were exchanged, compared to its average volume of 63,648. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.39 and a current ratio of 1.97. The company’s 50 day simple moving average is $25.21 and its two-hundred day simple moving average is $27.42. Mitsubishi Estate has a 12 month low of $18.18 and a 12 month high of $35.17. The firm has a market capitalization of $30.17 billion, a PE ratio of 20.93 and a beta of 0.13.

Mitsubishi Estate (OTCMKTS:MITEY – Get Free Report) last posted its earnings results on Friday, August 7th. The company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.05. Mitsubishi Estate had a net margin of 12.64% and a return on equity of 5.38%. Mitsubishi Estate has set its FY 2027 guidance at 1.251-1.251 EPS. Equities research analysts expect that Mitsubishi Estate will post 1.25 earnings per share for the current fiscal year.

Mitsubishi Estate Company Profile

(Get Free Report)

Mitsubishi Estate Co, Ltd. (OTCMKTS: MITEY) is one of Japan’s largest real estate developers and a core company within the Mitsubishi corporate group. Headquartered in Tokyo, the firm is best known for large-scale urban development and property leasing, including landmark office districts and mixed-use complexes in central Tokyo. Its businesses span the full real estate value chain, from land acquisition and project development to leasing, sales, property and facility management, and real estate investment management.

The company’s commercial activities cover office buildings, retail and commercial facilities, residential housing, hotels and resorts, and logistics properties.

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