Mitsubishi Estate (OTCMKTS:MITEY) Releases Quarterly Earnings Results, Misses Estimates By $0.02 EPS

Mitsubishi Estate (OTCMKTS:MITEY – Get Free Report) issued its earnings results on Monday. The company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.02), Zacks reports. Mitsubishi Estate had a return on equity of 6.65% and a net margin of 15.62%. The company had revenue of $2.42 billion during the quarter, compared to analysts’ expectations of $2.93 billion. Mitsubishi Estate updated its FY 2027 guidance to 1.285-1.285 EPS.

Mitsubishi Estate Stock Performance

MITEY opened at $25.18 on Wednesday. The stock has a market cap of $30.50 billion, a P/E ratio of 16.25 and a beta of 0.16. The firm has a fifty day moving average price of $23.45 and a 200 day moving average price of $26.13. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.89 and a quick ratio of 1.35. Mitsubishi Estate has a 1 year low of $20.09 and a 1 year high of $35.17.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group downgraded Mitsubishi Estate from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 22nd. One analyst has rated the stock with a Hold rating. According to MarketBeat.com, the stock has an average rating of “Hold”.

View Our Latest Analysis on Mitsubishi Estate

Mitsubishi Estate Company Profile

(Get Free Report)

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.

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Earnings History for Mitsubishi Estate (OTCMKTS:MITEY)

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