Mitsubishi Estate (MITEY) Set to Post Quarterly Earnings on Monday

Mitsubishi Estate (OTCMKTS:MITEY) will likely be issuing its results after the market closes on Monday, November 9th. Analysts expect Mitsubishi Estate to post earnings of $0.1517 per share and revenue of $2.93 billion for the quarter.

Mitsubishi Estate Stock Performance

MITEY stock opened at $24.09 on Monday. Mitsubishi Estate has a one year low of $20.09 and a one year high of $35.17. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.35 and a current ratio of 1.89. The firm has a market cap of $29.18 billion, a price-to-earnings ratio of 15.95 and a beta of 0.14. The firm has a 50-day simple moving average of $23.22 and a two-hundred day simple moving average of $26.14.

Wall Street Analysts Forecast Growth

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

About Mitsubishi Estate

Mitsubishi Estate Co, Ltd. is a Japan-based real estate company engaged in the development, ownership, leasing and management of commercial and residential properties. Its portfolio includes office buildings, retail facilities, hotels, logistics properties and residential developments, as well as related property management and facility services.

The company is closely associated with the Marunouchi district in central Tokyo, where it has played a major role in the long-term redevelopment of office, retail, cultural and public spaces.