Mitsubishi Estate Co. (OTCMKTS:MITEY - Get Free Report) shares saw unusually-strong trading volume on Friday following a stronger than expected earnings report. Approximately 214,459 shares changed hands during mid-day trading, an increase of 257% from the previous session's volume of 59,999 shares.The stock last traded at $20.73 and had previously closed at $20.48.
The company reported $0.20 EPS for the quarter, beating analysts' consensus estimates of $0.18 by $0.02. Mitsubishi Estate had a return on equity of 5.48% and a net margin of 12.09%. The company had revenue of $2.42 billion during the quarter, compared to the consensus estimate of $2.70 billion.
Analysts Set New Price Targets
Separately, CLSA upgraded Mitsubishi Estate to a "strong-buy" rating in a research report on Tuesday, May 27th.
Check Out Our Latest Stock Analysis on MITEY
Mitsubishi Estate Price Performance
The company has a quick ratio of 1.69, a current ratio of 2.33 and a debt-to-equity ratio of 1.24. The company's 50-day simple moving average is $18.81 and its 200 day simple moving average is $17.06. The stock has a market capitalization of $25.92 billion, a price-to-earnings ratio of 19.93 and a beta of 0.23.
About Mitsubishi Estate
(
Get Free Report)
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.
Further Reading
Before you consider Mitsubishi Estate, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Mitsubishi Estate wasn't on the list.
While Mitsubishi Estate currently has a Strong Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
MarketBeat All Access