Mitsui & Co. (OTCMKTS:MITSY) Releases Earnings Results, Beats Expectations By $3.17 EPS

Mitsui & Co. (OTCMKTS:MITSY) issued its quarterly earnings results on Wednesday. The industrial products company reported $10.94 EPS for the quarter, beating analysts’ consensus estimates of $7.77 by $3.17, Zacks reports. The company had revenue of $22.42 billion for the quarter, compared to analyst estimates of $23.58 billion. Mitsui & Co. had a return on equity of 10.48% and a net margin of 5.77%.

Mitsui & Co. Stock Performance

OTCMKTS:MITSY traded up $10.95 during mid-day trading on Thursday, reaching $527.48. 5,309 shares of the company’s stock were exchanged, compared to its average volume of 14,289. Mitsui & Co. has a one year low of $333.10 and a one year high of $530.00. The firm has a market capitalization of $75.79 billion, a PE ratio of 14.05, a price-to-earnings-growth ratio of 10.20 and a beta of 0.64. The business’s fifty day simple moving average is $494.50 and its two-hundred day simple moving average is $442.13. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.32 and a current ratio of 1.57.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded Mitsui & Co. from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 8th. Two analysts have rated the stock with a Strong Buy rating, According to MarketBeat.com, the stock has an average rating of “Strong Buy”.

Mitsui & Co. Company Profile

Mitsui & Co, Ltd. operates as an trading and investment company worldwide. The company engages in the manufacture and sale of steel products; steel processing, maintenance, and recycling activities; investment, development, and trading of mineral and metal resources, as well as resource recycling and industrial developing solutions; and upstream development, logistics, and trading of energy resources, such as natural gas/LNG, oil, coal, and uranium.