Mitsubishi Heavy Industries (MHVYF) Expected to Post Earnings on Friday

Mitsubishi Heavy Industries (OTCMKTS:MHVYF) will likely be announcing its results after the market closes on Friday, November 6th. Analysts expect the company to post earnings of $0.1494 per share and revenue of $7.77 billion for the quarter.

Mitsubishi Heavy Industries (OTCMKTS:MHVYF) last announced its earnings results on Tuesday, August 4th. The company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.09. The company had revenue of $7.34 billion for the quarter, compared to the consensus estimate of $7.09 billion. Mitsubishi Heavy Industries had a net margin of 7.04% and a return on equity of 12.97%.

Mitsubishi Heavy Industries Price Performance

MHVYF opened at $21.29 on Wednesday. The stock has a fifty day moving average of $24.03 and a 200-day moving average of $26.53. The firm has a market capitalization of $71.81 billion, a P/E ratio of 28.01 and a beta of 0.52. Mitsubishi Heavy Industries has a 12-month low of $20.59 and a 12-month high of $34.50. The company has a quick ratio of 0.98, a current ratio of 1.26 and a debt-to-equity ratio of 0.17.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Sanford C. Bernstein started coverage on Mitsubishi Heavy Industries in a report on Tuesday, September 15th. They set an “outperform” rating on the stock. UBS Group raised Mitsubishi Heavy Industries from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy”.

Mitsubishi Heavy Industries Company Profile

Mitsubishi Heavy Industries, Ltd. is a Japan-based industrial engineering and manufacturing company that develops and supplies large-scale equipment, systems and infrastructure for customers around the world. Its operations span energy, industrial machinery, infrastructure, transportation, aerospace and defense.

The company provides gas turbines, steam turbines, boilers, power-generation systems and carbon-reduction technologies, as well as machinery and systems used in factories, logistics operations and environmental applications.