Mitsubishi Estate (OTCMKTS:MITEY – Get Free Report) issued an update on its FY 2027 earnings guidance on Monday. The company provided EPS guidance of 1.285-1.285 for the period, compared to the consensus estimate of 1.250. The company issued revenue guidance of $12.6 billion.
Analyst Upgrades and Downgrades
Separately, The Goldman Sachs Group cut Mitsubishi Estate from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 22nd. One equities research analyst has rated the stock with a Hold rating. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold”.
Read Our Latest Research Report on MITEY
Mitsubishi Estate Stock Up 6.8%
Shares of MITEY traded up $1.67 during midday trading on Monday, hitting $26.29. 61,109 shares of the company’s stock traded hands, compared to its average volume of 66,876. Mitsubishi Estate has a 1 year low of $20.09 and a 1 year high of $35.17. The stock has a market capitalization of $31.84 billion, a price-to-earnings ratio of 17.41 and a beta of 0.16. The company has a current ratio of 1.89, a quick ratio of 1.35 and a debt-to-equity ratio of 1.19. The firm’s fifty day moving average is $23.37 and its 200-day moving average is $26.12.
Mitsubishi Estate (OTCMKTS:MITEY – Get Free Report) last posted its quarterly earnings data on Monday, November 9th. The company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.02). Mitsubishi Estate had a return on equity of 6.15% and a net margin of 15.06%. Mitsubishi Estate has set its FY 2027 guidance at 1.285-1.285 EPS. As a group, sell-side analysts anticipate that Mitsubishi Estate will post 1.25 earnings per share for the current year.
About Mitsubishi Estate
Mitsubishi Estate Co, Ltd. is a Japanese real estate company founded in 1937 and headquartered in Tokyo. It develops, owns, leases and manages a range of properties, including office buildings, residential properties, retail facilities, hotels and logistics facilities.
The company is closely associated with the development and management of Tokyo’s Marunouchi district, near Tokyo Station. Its business also includes real estate services and asset management, serving corporate and individual customers.
In addition to its extensive operations in Japan, Mitsubishi Estate has real estate businesses in overseas markets, including the United States, the United Kingdom and parts of Asia.
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