FY2027 Earnings Forecast for MUFG Issued By Erste Group Bank

Key Points

• Erste Group Bank lowered its FY2027 EPS forecast for Mitsubishi UFJ Financial Group to $1.61 from $1.62, while maintaining a “Buy” rating. The bank forecasts FY2028 EPS of $1.80, broadly in line with the current-year consensus estimate of $1.60.
• MUFG’s latest quarterly results exceeded expectations, with EPS of $0.45 versus the $0.35 consensus and revenue of $15.11 billion compared with the $10.06 billion estimate.
• Analyst sentiment remains positive: MarketBeat reports a consensus “Buy” rating, supported by recent upgrades from Zacks Research and Weiss Ratings. MUFG shares opened at $22.32, down 0.2%.

Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG - Free Report) - Investment analysts at Erste Group Bank cut their FY2027 earnings per share estimates for Mitsubishi UFJ Financial Group in a research report issued on Thursday, October 8th. Erste Group Bank analyst H. Engel now expects that the company will post earnings of $1.61 per share for the year, down from their previous estimate of $1.62. Erste Group Bank has a "Buy" rating on the stock. The consensus estimate for Mitsubishi UFJ Financial Group's current full-year earnings is $1.60 per share. Erste Group Bank also issued estimates for Mitsubishi UFJ Financial Group's FY2028 earnings at $1.80 EPS.

Mitsubishi UFJ Financial Group (NYSE:MUFG - Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $0.45 earnings per share for the quarter, beating analysts' consensus estimates of $0.35 by $0.10. The company had revenue of $15.11 billion for the quarter, compared to the consensus estimate of $10.06 billion. Mitsubishi UFJ Financial Group had a net margin of 17.63% and a return on equity of 12.30%.

A number of other analysts have also weighed in on the stock. Mitsubishi UFJ Financial Group started coverage on shares of Mitsubishi UFJ Financial Group in a research report on Thursday, June 25th. They issued a "buy" rating on the stock. Zacks Research upgraded shares of Mitsubishi UFJ Financial Group from a "hold" rating to a "strong-buy" rating in a report on Monday, October 5th. Finally, Weiss Ratings upgraded shares of Mitsubishi UFJ Financial Group from a "hold (c)" rating to a "buy (b-)" rating in a report on Friday, September 25th. Two investment analysts have rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Buy".

Mitsubishi UFJ Financial Group Trading Down 0.2%

Shares of Mitsubishi UFJ Financial Group stock opened at $22.32 on Tuesday. The firm's 50 day moving average is $22.89 and its 200 day moving average is $20.73. The firm has a market capitalization of $264.95 billion, a PE ratio of 14.59, a price-to-earnings-growth ratio of 0.83 and a beta of 0.44. Mitsubishi UFJ Financial Group has a 1 year low of $14.72 and a 1 year high of $24.26. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 1.10.

Hedge Funds Weigh In On Mitsubishi UFJ Financial Group

Large investors have recently modified their holdings of the business. Elevation Wealth Partners LLC acquired a new stake in shares of Mitsubishi UFJ Financial Group during the 2nd quarter worth approximately $25,000. Signature Equity Partners LLC lifted its position in shares of Mitsubishi UFJ Financial Group by 73.0% during the 1st quarter. Signature Equity Partners LLC now owns 1,697 shares of the company's stock valued at $29,000 after acquiring an additional 716 shares during the period. Whipplewood Advisors LLC acquired a new position in shares of Mitsubishi UFJ Financial Group during the 1st quarter valued at $29,000. Retirement Wealth Solutions LLC boosted its stake in Mitsubishi UFJ Financial Group by 81.3% during the third quarter. Retirement Wealth Solutions LLC now owns 2,011 shares of the company's stock worth $46,000 after acquiring an additional 902 shares in the last quarter. Finally, GK Wealth Management LLC bought a new position in Mitsubishi UFJ Financial Group during the third quarter worth $50,000. Institutional investors own 13.59% of the company's stock.

About Mitsubishi UFJ Financial Group

Mitsubishi UFJ Financial Group, Inc NYSE: MUFG is a Japan-based financial services group and one of the country's largest banking organizations. Through its subsidiaries and affiliated companies, MUFG provides commercial and retail banking, corporate and investment banking, trust banking, securities services, asset management, leasing, credit cards and consumer finance.

The group serves individual customers, businesses, financial institutions and governments. Its offerings include deposits and loans, payments, wealth management, capital-markets services, foreign exchange, corporate finance and advisory services.

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