Mitsubishi (OTCMKTS:MSBHF) Announces Quarterly Earnings Results, Beats Estimates By $0.06 EPS

Mitsubishi (OTCMKTS:MSBHF) released its quarterly earnings results on Thursday. The company reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.06, reports. Mitsubishi had a return on equity of 6.97% and a net margin of 3.86%.The firm had revenue of $32.18 billion during the quarter, compared to analysts’ expectations of $27.57 billion.

Mitsubishi Stock Performance

Mitsubishi stock opened at $29.42 on Friday. The company has a current ratio of 1.44, a quick ratio of 1.13 and a debt-to-equity ratio of 0.38. The stock has a 50 day moving average of $24.58 and a 200-day moving average of $23.50. The stock has a market cap of $116.98 billion, a P/E ratio of 24.72 and a beta of 0.64. Mitsubishi has a 52 week low of $14.85 and a 52 week high of $29.50.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group assumed coverage on shares of Mitsubishi in a research report on Tuesday, January 6th. They set a “neutral” rating on the stock. Two analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company has an average rating of “Hold”.

About Mitsubishi

Mitsubishi is a long-established Japanese business family and brand that today encompasses a group of independent companies operating across a wide range of industries. The Mitsubishi name traces back to the late 19th century and the founding of a shipping firm that grew into a diversified industrial and trading conglomerate. Over time the original zaibatsu was reorganized into a number of separately managed companies that nonetheless share the Mitsubishi mark and coordinate through cross-shareholdings and business relationships.

Companies using the Mitsubishi name are active in sectors including industrial machinery and heavy equipment, automotive manufacturing, electrical and electronic equipment, chemicals and materials, energy and natural resources, trading and logistics, finance and banking, real estate, and food and consumer products.