Marubeni (OTCMKTS:MARUY) Shares Gap Down on Disappointing Earnings

Key Points

• Shares gapped down before the open after Marubeni reported quarterly EPS of $4.33 vs. the $4.58 consensus, with the stock down about 5.2% (previous close $390.20, open $372.57, last $368.75).
• Analyst sentiment is mildly positive with a consensus of “Moderate Buy” (Goldman Sachs initiated coverage with a Buy, Zacks moved to Hold), while valuation/fundamentals show a $60.92B market cap, P/E 17.8, PEG 1.64, quick ratio 1.02 and debt/equity 0.48.

Marubeni Corp. (OTCMKTS:MARUY - Get Free Report) shares gapped down before the market opened on Friday after the company announced weaker than expected quarterly earnings. The stock had previously closed at $390.20, but opened at $372.57. Marubeni shares last traded at $368.75, with a volume of 636 shares changing hands.

The conglomerate reported $4.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.58 by ($0.25). Marubeni had a net margin of 6.21% and a return on equity of 12.96%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on MARUY. Zacks Research raised shares of Marubeni from a "strong sell" rating to a "hold" rating in a report on Wednesday, February 25th. The Goldman Sachs Group began coverage on shares of Marubeni in a report on Tuesday, January 6th. They issued a "buy" rating on the stock. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy".

Marubeni Stock Down 5.2%

The company has a quick ratio of 1.02, a current ratio of 1.42 and a debt-to-equity ratio of 0.48. The firm has a market cap of $60.92 billion, a PE ratio of 17.81, a P/E/G ratio of 1.64 and a beta of 0.57. The firm's 50 day moving average is $364.63 and its 200-day moving average is $315.92.

Marubeni Company Profile

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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