Mitsubishi (OTCMKTS:MSBHF) Announces Quarterly Earnings Results

Key Points

• Mitsubishi reported a quarterly EPS of $0.36, matching analyst expectations, but revenue fell short at $29.27 billion against a forecast of $30.24 billion.
• The company's net margin stood at 5.10% with a return on equity of 9.28%.
• Shares of Mitsubishi traded up to $20.37, with a market capitalization of $81 billion and a PE ratio of 13.14.

Mitsubishi (OTCMKTS:MSBHF - Get Free Report) posted its earnings results on Monday. The company reported $0.36 earnings per share for the quarter, hitting the consensus estimate of $0.36, Zacks reports. The firm had revenue of $29.27 billion during the quarter, compared to the consensus estimate of $30.24 billion. Mitsubishi had a net margin of 4.42% and a return on equity of 8.03%.

Mitsubishi Stock Performance

Shares of MSBHF traded up $0.90 during trading hours on Wednesday, hitting $21.50. The company's stock had a trading volume of 12,838 shares, compared to its average volume of 33,037. The company has a market cap of $85.49 billion, a price-to-earnings ratio of 15.81 and a beta of 0.58. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.49 and a quick ratio of 1.17. The business has a 50 day simple moving average of $19.96 and a two-hundred day simple moving average of $18.47. Mitsubishi has a 52-week low of $14.85 and a 52-week high of $22.00.

About Mitsubishi

Mitsubishi Corporation engages in the natural gas, industrial materials and infrastructure, petroleum and chemicals, mineral resources, automotive and mobility, food and consumer industry, power solution, and urban development businesses worldwide. The Natural Gas segment engages in the development and production of natural gas/oil; and liquified natural gas business.