Mitsubishi Heavy Industries, Ltd. (OTCMKTS:MHVYF - Get Free Report)'s stock price traded down 4.9% during mid-day trading on Monday after the company announced weaker than expected quarterly earnings. The stock traded as low as $18.95 and last traded at $19.03. 34,180 shares traded hands during trading, a decline of 54% from the average session volume of 74,874 shares. The stock had previously closed at $20.00.
The company reported $0.14 earnings per share (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 analysts' expectations of $10.42 billion. Mitsubishi Heavy Industries had a return on equity of 10.66% and a net margin of 5.17%.
Analyst Ratings Changes
Separately, The Goldman Sachs Group upgraded Mitsubishi Heavy Industries from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, March 5th.
View Our Latest Stock Analysis on Mitsubishi Heavy Industries
Mitsubishi Heavy Industries Stock Up 5.0%
The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.85 and a current ratio of 1.20. The firm has a market cap of $64.84 billion, a price-to-earnings ratio of 40.04 and a beta of 0.49. The business's 50 day moving average price is $18.05 and its 200 day moving average price is $15.74.
Mitsubishi Heavy Industries Company Profile
(
Get Free Report)
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.
Featured Articles
Before you consider Mitsubishi Heavy Industries, 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 Heavy Industries wasn't on the list.
While Mitsubishi Heavy Industries currently has a Strong Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Unlock the timeless value of gold with our exclusive 2025 Gold Forecasting Report. Explore why gold remains the ultimate investment for safeguarding wealth against inflation, economic shifts, and global uncertainties. Whether you're planning for future generations or seeking a reliable asset in turbulent times, this report is your essential guide to making informed decisions.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
