Mitsubishi (MSBHF) Expected to Announce Earnings on Monday

Mitsubishi (OTCMKTS:MSBHF) is projected to issue its resultson Monday, August 3rd. Analysts expect the company to post earnings of $0.4830 per share and revenue of $26.4596 billion for the quarter.

Mitsubishi (OTCMKTS:MSBHF) last posted its quarterly earnings results on Friday, May 1st. The company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.09. The business had revenue of $32.97 billion during the quarter, compared to analysts’ expectations of $22.88 billion. Mitsubishi had a return on equity of 8.04% and a net margin of 4.23%. On average, analysts expect Mitsubishi to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Mitsubishi Price Performance

Shares of OTCMKTS MSBHF opened at $30.00 on Monday. The company has a quick ratio of 1.09, a current ratio of 1.41 and a debt-to-equity ratio of 0.40. The business’s 50 day moving average price is $29.76 and its two-hundred day moving average price is $30.83. The company has a market cap of $111.18 billion, a PE ratio of 21.58 and a beta of 0.49. Mitsubishi has a twelve month low of $18.88 and a twelve month high of $37.75.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded Mitsubishi to a “hold” rating in a research note on Wednesday, June 3rd. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Mitsubishi has an average rating of “Hold”.

About Mitsubishi

Mitsubishi is a long-established Japanese business family and brand that today encompasses a group of independent companies operating across a wide range of industries. The Mitsubishi name traces back to the late 19th century and the founding of a shipping firm that grew into a diversified industrial and trading conglomerate. Over time the original zaibatsu was reorganized into a number of separately managed companies that nonetheless share the Mitsubishi mark and coordinate through cross-shareholdings and business relationships.

Companies using the Mitsubishi name are active in sectors including industrial machinery and heavy equipment, automotive manufacturing, electrical and electronic equipment, chemicals and materials, energy and natural resources, trading and logistics, finance and banking, real estate, and food and consumer products.