Mitsubishi Heavy Industries (OTCMKTS:MHVYF) Releases Earnings Results, Misses Expectations By $0.07 EPS

Mitsubishi Heavy Industries (OTCMKTS:MHVYF - Get Free Report) announced its 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. Mitsubishi Heavy Industries had a return on equity of 10.66% and a net margin of 5.17%. The firm had revenue of $9.86 billion for the quarter, compared to analyst estimates of $10.42 billion.

Mitsubishi Heavy Industries Trading Down 0.8%

Shares of MHVYF traded down $0.14 during mid-day trading on Thursday, reaching $18.31. The company had a trading volume of 133,812 shares, compared to its average volume of 74,762. The stock has a market cap of $61.76 billion, a price-to-earnings ratio of 38.14 and a beta of 0.49. The firm has a fifty day simple moving average of $18.05 and a 200-day simple moving average of $15.74. Mitsubishi Heavy Industries has a fifty-two week low of $8.22 and a fifty-two week high of $20.34. The company has a current ratio of 1.20, a quick ratio of 0.85 and a debt-to-equity ratio of 0.33.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group upgraded shares of Mitsubishi Heavy Industries from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, March 5th.

About Mitsubishi Heavy Industries

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.