Mitsubishi (OTCMKTS:MSBHF) Releases Earnings Results, Beats Estimates By $0.16 EPS

Key Points

• Mitsubishi reported quarterly EPS of $0.55, beating analyst estimates of $0.39 by $0.16. Its net margin was 4.49% and return on equity was 8.92%.
• Shares rose $1.49 to $31.50 during Wednesday trading, remaining within their 52-week range of $21.41 to $37.75.
• Zacks Research upgraded Mitsubishi to Strong Buy; MarketBeat’s consensus rating is Buy, based on one Strong Buy and one Hold rating.

Mitsubishi (OTCMKTS:MSBHF - Get Free Report) posted its quarterly earnings data on Wednesday. The company reported $0.55 EPS for the quarter, topping analysts' consensus estimates of $0.39 by $0.16, Zacks reports. Mitsubishi had a net margin of 4.49% and a return on equity of 8.92%.

Mitsubishi Price Performance

OTCMKTS MSBHF traded up $1.49 during trading on Wednesday, hitting $31.50. 3,811 shares of the company's stock were exchanged, compared to its average volume of 25,536. The company has a market cap of $116.74 billion, a PE ratio of 20.45 and a beta of 0.52. The company has a current ratio of 1.46, a quick ratio of 1.10 and a debt-to-equity ratio of 0.39. Mitsubishi has a fifty-two week low of $21.41 and a fifty-two week high of $37.75. The stock's 50 day moving average price is $30.82 and its two-hundred day moving average price is $30.97.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded shares of Mitsubishi from a "hold" rating to a "strong-buy" rating in a report on Monday, October 5th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy".

About Mitsubishi

Mitsubishi Corporation OTCMKTS: MSBHF is a Japan-based global trading and business investment company. The company develops and manages businesses across a range of industries, working with partners and customers through its international network.

Its activities include natural gas and other energy businesses, mineral resources, chemicals, industrial infrastructure, mobility, food and consumer products, and power generation. Mitsubishi Corporation is involved in the development, financing, trading, and operation of projects and businesses rather than focusing on a single product line.

Headquartered in Tokyo, Mitsubishi Corporation serves customers and business partners across Japan and international markets.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.