Mitsubishi Estate (OTCMKTS:MITEY) Releases Earnings Results, Beats Expectations By $0.02 EPS

Key Points

• Mitsubishi Estate reported quarterly earnings of $0.20 EPS, surpassing analysts' expectations of $0.18 EPS by $0.02.
• The company's revenue for the quarter was $2.42 billion, below the consensus estimate of $2.70 billion, and it updated its FY 2025 guidance to an EPS of 1.110.
• Following the earnings announcement, Mitsubishi Estate stock rose by 1.1%, trading at $20.71, with an upgraded rating to "strong-buy" from CLSA.

Mitsubishi Estate (OTCMKTS:MITEY - Get Free Report) released its quarterly earnings data on Thursday. The company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.02, Zacks reports. The firm had revenue of $2.42 billion for the quarter, compared to analyst estimates of $2.70 billion. Mitsubishi Estate had a return on equity of 5.48% and a net margin of 12.09%. Mitsubishi Estate updated its FY 2025 guidance to 1.110-1.110 EPS.

Mitsubishi Estate Price Performance

Shares of OTCMKTS MITEY traded down $0.12 during mid-day trading on Wednesday, hitting $21.31. 23,568 shares of the stock traded hands, compared to its average volume of 60,109. The company has a debt-to-equity ratio of 1.24, a current ratio of 2.33 and a quick ratio of 1.69. Mitsubishi Estate has a twelve month low of $12.78 and a twelve month high of $22.00. The company has a market cap of $26.66 billion, a PE ratio of 20.49 and a beta of 0.23. The firm has a 50 day simple moving average of $18.91 and a two-hundred day simple moving average of $17.13.

Analyst Ratings Changes

Separately, CLSA upgraded Mitsubishi Estate to a "strong-buy" rating in a research note on Tuesday, May 27th.

About Mitsubishi Estate

Mitsubishi Estate Co, Ltd. engages in the real estate activities in Japan and internationally. The company develops, leases, manages, and sells office buildings and commercial facilities; operates rental offices, coworking space, virtual offices, hourly meeting rooms, home delivery storage service, commercial nursing homes, and building garages; offers real estate management, as well as building management services, such as security, facility management, cleaning, and planting services; and operates hotels and airports.