Mitsubishi Estate (OTCMKTS:MITEY) Posts Earnings Results

Mitsubishi Estate (OTCMKTS:MITEY) posted its quarterly earnings data on Monday. The company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.02), Zacks reports. Mitsubishi Estate had a return on equity of 6.15% and a net margin of 15.06%. The business had revenue of $2.42 billion for the quarter, compared to analyst estimates of $2.93 billion. Mitsubishi Estate updated its FY 2027 guidance to 1.285-1.285 EPS.

Mitsubishi Estate Stock Performance

Shares of MITEY opened at $26.29 on Tuesday. The company has a quick ratio of 1.35, a current ratio of 1.89 and a debt-to-equity ratio of 1.19. Mitsubishi Estate has a 52-week low of $20.09 and a 52-week high of $35.17. The business’s 50 day moving average is $23.42 and its two-hundred day moving average is $26.13. The firm has a market cap of $31.84 billion, a price-to-earnings ratio of 27.29 and a beta of 0.16.

Wall Street Analyst Weigh In

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

About Mitsubishi Estate

Mitsubishi Estate Co, Ltd. is a Japanese real estate company founded in 1937 and headquartered in Tokyo. It develops, owns, leases and manages a range of properties, including office buildings, residential properties, retail facilities, hotels and logistics facilities.

The company is closely associated with the development and management of Tokyo’s Marunouchi district, near Tokyo Station. Its business also includes real estate services and asset management, serving corporate and individual customers.

In addition to its extensive operations in Japan, Mitsubishi Estate has real estate businesses in overseas markets, including the United States, the United Kingdom and parts of Asia.