Mitsubishi Estate (OTCMKTS:MITEY) Shares Down 4.5% - Here's What Happened

Key Points

• Mitsubishi Estate Co. shares fell 4.5% on Wednesday, trading at $21.82, a significant drop in volume as 22,919 shares were traded, down 57% from the average.
• For the last quarter, the company reported an EPS of $0.20, exceeding the consensus estimate of $0.18, although revenue of $2.42 billion fell short of expectations of $2.70 billion.
• The firm's market capitalization stands at $27.89 billion, with a debt-to-equity ratio of 1.24 and a price-to-earnings ratio of 21.44.

Shares of Mitsubishi Estate Co. (OTCMKTS:MITEY - Get Free Report) fell 4.5% on Wednesday . The stock traded as low as $21.82 and last traded at $21.82. 22,919 shares were traded during trading, a decline of 57% from the average session volume of 53,785 shares. The stock had previously closed at $22.85.

Mitsubishi Estate Price Performance

The company's fifty day moving average price is $21.37 and its 200 day moving average price is $18.96. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.69 and a current ratio of 2.33. The firm has a market capitalization of $27.89 billion, a price-to-earnings ratio of 21.44 and a beta of 0.21.

Mitsubishi Estate (OTCMKTS:MITEY - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.18 by $0.02. The business had revenue of $2.42 billion during the quarter, compared to analyst estimates of $2.70 billion. Mitsubishi Estate had a net margin of 12.09% and a return on equity of 5.65%. Mitsubishi Estate has set its FY 2025 guidance at 1.110-1.110 EPS.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.