Mitsubishi Estate (OTCMKTS:MITEY) Issues Quarterly Earnings Results, Beats Estimates 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) posted its quarterly earnings data on Thursday. The company reported $0.20 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.18 by $0.02, Zacks reports. Mitsubishi Estate had a net margin of 12.09% and a return on equity of 5.48%. The company had revenue of $2.42 billion during the quarter, compared to the consensus estimate of $2.70 billion. Mitsubishi Estate updated its FY 2025 guidance to 1.110-1.110 EPS.

Mitsubishi Estate Stock Up 1.1%

Mitsubishi Estate stock traded up $0.23 during trading hours on Friday, reaching $20.71. The stock had a trading volume of 236,425 shares, compared to its average volume of 28,498. Mitsubishi Estate has a 52 week low of $12.78 and a 52 week high of $21.13. The company has a market cap of $25.90 billion, a price-to-earnings ratio of 19.91 and a beta of 0.23. The company has a debt-to-equity ratio of 1.24, a current ratio of 2.33 and a quick ratio of 1.69. The business's 50 day moving average price is $18.81 and its 200-day moving average price is $17.01.

Analyst Ratings Changes

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

Mitsubishi Estate Company Profile

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.

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