Itochu (ITOCY) Projected to Announce Earnings on Monday

Itochu (OTCMKTS:ITOCY) is anticipated to post its resultson Monday, August 3rd. Analysts expect the company to post earnings of $0.2663 per share and revenue of $22.0082 billion for the quarter.

Itochu (OTCMKTS:ITOCY) last released its quarterly earnings data on Friday, May 1st. The company reported $0.18 EPS for the quarter, hitting analysts’ consensus estimates of $0.18. The firm had revenue of $24.49 billion for the quarter, compared to analyst estimates of $28.52 billion. On average, analysts expect Itochu to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Itochu Stock Performance

Shares of OTCMKTS:ITOCY opened at $11.98 on Monday. The business has a 50-day moving average of $11.74 and a two-hundred day moving average of $12.60. The firm has a market capitalization of $94.93 billion, a PE ratio of 13.46 and a beta of 0.64. Itochu has a 12 month low of $10.36 and a 12 month high of $15.10. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.32 and a quick ratio of 0.99.

Institutional Trading of Itochu

A hedge fund recently bought a new stake in Itochu stock. Aristotle Capital Management LLC bought a new stake in shares of Itochu Corp. (OTCMKTS:ITOCY) during the 4th quarter, according to its most recent filing with the SEC. The firm bought 11,762 shares of the company’s stock, valued at approximately $1,487,000. Institutional investors and hedge funds own 0.08% of the company’s stock.

About Itochu

Itochu Corporation is a major Japanese trading company (sogo shosha) that operates a diversified global business spanning trading, investment and services. The company traces its roots to the 19th century and has evolved from a textile trading firm into a broad-based commercial and investment group. Its American Depositary Receipts trade over the counter under the symbol ITOCY.

Itochu conducts commodity and product trading across a wide range of sectors including textiles and apparel, machinery, metals and minerals, energy and chemicals, food and consumer products, information and communications technology, and real estate.