Mitsubishi Heavy Industries (MHVYF) Expected to Announce Earnings on Tuesday

Key Points

• Mitsubishi Heavy Industries is expected to report earnings on Tuesday, August 5th, with anticipated earnings of $0.15 per share and revenue of $8.22 billion for the quarter.
• The company recently reported a net margin of 4.87% and missed the previous earnings estimates by analysts, posting $0.14 EPS compared to the expected $0.21.
• UBS Group has downgraded Mitsubishi Heavy Industries from a "strong-buy" rating to a "neutral" rating, indicating a shift in analyst sentiment.

Mitsubishi Heavy Industries (OTCMKTS:MHVYF - Get Free Report) will likely be posting its quarterly earnings results before the market opens on Tuesday, August 5th. Analysts expect Mitsubishi Heavy Industries to post earnings of $0.15 per share and revenue of $8.22 billion for the quarter.

Mitsubishi Heavy Industries (OTCMKTS:MHVYF - Get Free Report) last announced its quarterly earnings results on Friday, May 9th. The company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.07). The firm had revenue of $9.86 billion during the quarter, compared to analyst estimates of $10.42 billion. Mitsubishi Heavy Industries had a net margin of 4.87% and a return on equity of 10.01%.

Mitsubishi Heavy Industries Stock Performance

Shares of OTCMKTS MHVYF traded up $1.43 during midday trading on Wednesday, hitting $24.90. 4,061 shares of the company's stock were exchanged, compared to its average volume of 59,360. Mitsubishi Heavy Industries has a twelve month low of $9.15 and a twelve month high of $26.65. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.24 and a quick ratio of 0.91. The firm has a market cap of $84.00 billion, a P/E ratio of 51.88 and a beta of 0.55. The stock's 50 day moving average price is $23.51 and its 200-day moving average price is $18.95.

Wall Street Analyst Weigh In

Separately, UBS Group downgraded shares of Mitsubishi Heavy Industries from a "strong-buy" rating to a "neutral" rating in a report on Wednesday, May 21st.

Mitsubishi Heavy Industries Company Profile

Mitsubishi Heavy Industries, Ltd. manufactures and sells heavy machinery worldwide. It operates through Energy Systems; Plants & Infrastructure Systems; Logistics, Thermal & Drive Systems; and Aircraft, Defense & Space segments. The company offers thermal, renewable energy, nuclear power generation, and engine power plants; oil and gas production plants; lithium-ion battery products and fuel cells; civil aircrafts and engines, aviation equipment, and maintenance, repair, and overhaul of aircrafts; and launch vehicles and services, rocket engines, reaction control systems, space stations, rocket launchers, rocket engine combustion test facilities, and electronic parts.