Mitsubishi (OTCMKTS:MSBHF) Releases Quarterly Earnings Results, Beats Estimates By $0.16 EPS

Mitsubishi (OTCMKTS:MSBHF – Get Free Report) issued its quarterly earnings data on Wednesday. The company reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.16, Zacks reports. Mitsubishi had a net margin of 5.14% and a return on equity of 10.48%. The firm had revenue of $33.22 billion for the quarter, compared to analyst estimates of $28.64 billion.

Mitsubishi Trading Down 5.5%

Shares of OTCMKTS:MSBHF traded down $1.86 during trading hours on Friday, hitting $31.74. 3,665 shares of the company’s stock traded hands, compared to its average volume of 25,346. The firm has a market capitalization of $117.63 billion, a P/E ratio of 17.44 and a beta of 0.52. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.46 and a quick ratio of 1.10. The business has a fifty day moving average price of $30.93 and a 200-day moving average price of $31.03. Mitsubishi has a 1 year low of $21.41 and a 1 year high of $37.75.

Analyst Upgrades and Downgrades

Separately, Zacks Research lowered shares of Mitsubishi from a “strong-buy” rating to a “hold” rating in a report on Tuesday. Two equities research analysts have rated the stock with a Hold rating. According to MarketBeat.com, the company presently has a consensus rating of “Hold”.

Read Our Latest Stock Report on Mitsubishi

About Mitsubishi

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Mitsubishi Corporation is a Japanese integrated trading and investment company that develops businesses and invests across a broad range of industries. Its activities include natural gas, mineral resources, industrial materials, automotive and mobility, food, consumer products, power solutions and urban development.

The company sources, processes and distributes commodities and other products, and participates in projects and operating businesses throughout their value chains. Its operations and investments span Japan and international markets, supported by a global network of subsidiaries and affiliates.

Established in 1954, Mitsubishi Corporation is part of the broader Mitsubishi group of companies.

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Earnings History for Mitsubishi (OTCMKTS:MSBHF)

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