Mitsui & Co. (OTCMKTS:MITSY) Issues Earnings Results, Beats Expectations By $3.65 EPS

Mitsui & Co. (OTCMKTS:MITSY) announced its quarterly earnings results on Tuesday. The industrial products company reported $13.01 earnings per share for the quarter, beating the consensus estimate of $9.36 by $3.65, Zacks reports. Mitsui & Co. had a net margin of 5.96% and a return on equity of 9.81%.

Mitsui & Co. Trading Up 0.8%

MITSY opened at $620.04 on Tuesday. The company has a quick ratio of 1.19, a current ratio of 1.41 and a debt-to-equity ratio of 0.56. Mitsui & Co. has a 52 week low of $397.36 and a 52 week high of $835.49. The stock has a market cap of $88.57 billion, a PE ratio of 16.05, a PEG ratio of 1.13 and a beta of 0.47. The business has a 50 day moving average of $598.38 and a 200-day moving average of $684.81.

Analyst Upgrades and Downgrades

Separately, Zacks Research downgraded shares of Mitsui & Co. from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 2nd. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the stock presently has a consensus rating of “Hold”.

About Mitsui & Co.

Mitsui & Co, Ltd. (OTCMKTS: MITSY) is a global sogo shosha, or general trading company, headquartered in Tokyo, Japan. Established in the aftermath of World War II, Mitsui & Co has grown into one of Japan’s largest trading houses, operating across a wide range of industries to connect producers, manufacturers and consumers around the world.

The company’s core activities include commodity trading, resource and energy development, project and infrastructure development, and strategic investing.