Marubeni (OTCMKTS:MARUY) Posts Quarterly Earnings Results, Misses Estimates By $0.25 EPS

Key Points

• Marubeni missed expectations: the company reported quarterly EPS of $4.33 versus a $4.58 consensus, a $0.25 shortfall, with a return on equity of 12.96% and a net margin of 6.21%.
• Shares fell after the report: MARUY traded down 5.3% (dropping $20.83 to $369.37) on Friday, with volume below its average.
• Analyst outlook is mixed but mildly positive: Goldman Sachs initiated coverage with a "Buy," Zacks upgraded the stock to "Hold," and MarketBeat shows a consensus rating of "Moderate Buy."

Marubeni (OTCMKTS:MARUY - Get Free Report) posted its quarterly earnings results on Friday. The conglomerate reported $4.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.58 by ($0.25), Zacks reports. Marubeni had a return on equity of 12.96% and a net margin of 6.21%.

Marubeni Trading Down 5.3%

MARUY stock traded down $20.83 during midday trading on Friday, hitting $369.37. 11,335 shares of the company's stock were exchanged, compared to its average volume of 31,252. Marubeni has a one year low of $167.96 and a one year high of $426.06. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.02 and a current ratio of 1.42. The company has a market cap of $60.81 billion, a PE ratio of 17.78, a price-to-earnings-growth ratio of 1.64 and a beta of 0.57. The stock's fifty day moving average price is $364.63 and its 200-day moving average price is $315.92.

Analyst Ratings Changes

MARUY has been the subject of several analyst reports. Zacks Research upgraded Marubeni from a "strong sell" rating to a "hold" rating in a research report on Wednesday, February 25th. The Goldman Sachs Group assumed coverage on shares of Marubeni in a research note on Tuesday, January 6th. They set a "buy" rating on the stock. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy".

About Marubeni

Marubeni Corporation OTCMKTS: MARUY is a major Japanese sogo shosha, or integrated trading and investment company, headquartered in Tokyo. The firm conducts a broad range of commercial activities that span commodity trading, project development, investment and financing, and supply-chain services. Marubeni operates through a network of subsidiaries, joint ventures and branch offices to support cross-border trade and large-scale industrial projects.

The company's activities cover a wide set of industry sectors, including energy and power, metals and minerals, chemicals and industrial materials, food and consumer products, transportation and industrial machinery, and infrastructure.

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