Itochu (ITOCY) to Release Earnings on Friday

Key Points

• Itochu will report quarterly results on Friday, May 1, with analysts forecasting earnings of $0.1916 per share and revenue of $28.3988 billion.
• The stock opened at $12.04 (down 0.3%), with a market cap of $95.41 billion, a P/E of 12.81 and a 52-week range of $9.75–$15.10.
• Wall Street sentiment is a consensus "Buy" (two Strong Buy, one Buy, one Hold), and Aristotle Capital purchased about 11,762 shares (~$1.49M) in Q4.

Itochu (OTCMKTS:ITOCY - Get Free Report) is expected to be releasing its resultson Friday, May 1st. Analysts expect Itochu to post earnings of $0.1916 per share and revenue of $28.3988 billion for the quarter.

Itochu Stock Down 0.3%

OTCMKTS:ITOCY opened at $12.04 on Friday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.96 and a current ratio of 1.30. The company has a market cap of $95.41 billion, a PE ratio of 12.81 and a beta of 0.70. Itochu has a 52-week low of $9.75 and a 52-week high of $15.10. The stock has a 50-day simple moving average of $13.17 and a 200 day simple moving average of $61.59.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on ITOCY. The Goldman Sachs Group began coverage on Itochu in a report on Tuesday, January 6th. They set a "buy" rating for the company. Nomura upgraded Itochu to a "strong-buy" rating in a report on Wednesday, February 25th. Daiwa Securities Group upgraded Itochu to a "strong-buy" rating in a report on Friday, February 27th. Finally, Zacks Research upgraded Itochu to a "hold" rating in a report on Monday, January 12th. Two analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of "Buy".

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Itochu stock. Aristotle Capital Management LLC purchased a new stake in Itochu Corp. (OTCMKTS:ITOCY - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 11,762 shares of the company's stock, valued at approximately $1,487,000. 0.08% of the stock is owned by institutional investors.

About Itochu

Itochu Corporation is a major Japanese trading company (sogo shosha) that operates a diversified global business spanning trading, investment and services. The company traces its roots to the 19th century and has evolved from a textile trading firm into a broad-based commercial and investment group. Its American Depositary Receipts trade over the counter under the symbol ITOCY.

Itochu conducts commodity and product trading across a wide range of sectors including textiles and apparel, machinery, metals and minerals, energy and chemicals, food and consumer products, information and communications technology, and real estate.

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