Mitsubishi Heavy Industries (OTCMKTS:MHVYF - Get Free Report) posted its quarterly earnings results on Friday. The company reported $0.14 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.21 by ($0.07), Zacks reports. The business had revenue of $9.86 billion for the quarter, compared to analysts' expectations of $10.42 billion. Mitsubishi Heavy Industries had a return on equity of 10.66% and a net margin of 5.17%.
Mitsubishi Heavy Industries Stock Performance
Shares of MHVYF traded down $0.98 during mid-day trading on Tuesday, reaching $19.03. The company had a trading volume of 34,180 shares, compared to its average volume of 74,874. The stock has a market capitalization of $64.18 billion, a P/E ratio of 40.95 and a beta of 0.49. Mitsubishi Heavy Industries has a 52-week low of $8.22 and a 52-week high of $20.34. The stock has a 50 day moving average of $17.99 and a two-hundred day moving average of $15.70. The company has a quick ratio of 0.85, a current ratio of 1.20 and a debt-to-equity ratio of 0.33.
Analyst Ratings Changes
Separately, The Goldman Sachs Group raised shares of Mitsubishi Heavy Industries from a "hold" rating to a "strong-buy" rating in a report on Wednesday, March 5th.
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About Mitsubishi Heavy Industries
(
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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.
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