Mitsubishi (OTCMKTS:MSBHF) Issues Quarterly Earnings Results

Key Points

• Mitsubishi beat earnings expectations: the company reported quarterly EPS of $0.33 versus analysts' $0.24 estimate, with a return on equity of 7.43% and a net margin of 3.99%.
• Stock moved higher on the news: shares rose $1.34 to $32.74 on Friday, trading within a 12‑month range of $17.71–$37.15 and carrying a market capitalization of $121.32 billion and a P/E of 25.78.
• Analyst stance remains cautious: Goldman Sachs initiated coverage with a "neutral" rating and the consensus from available analysts is a "Hold".

Mitsubishi (OTCMKTS:MSBHF - Get Free Report) issued its quarterly earnings data on Friday. The company reported $0.33 earnings per share for the quarter, beating analysts' consensus estimates of $0.24 by $0.09, Zacks reports. Mitsubishi had a return on equity of 7.43% and a net margin of 3.99%.

Mitsubishi Stock Performance

OTCMKTS:MSBHF traded up $1.34 during mid-day trading on Friday, reaching $32.74. The stock had a trading volume of 9,481 shares, compared to its average volume of 50,326. Mitsubishi has a twelve month low of $17.71 and a twelve month high of $37.15. The business has a 50 day simple moving average of $33.10 and a 200 day simple moving average of $27.92. The firm has a market capitalization of $121.32 billion, a price-to-earnings ratio of 25.78 and a beta of 0.58. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.06 and a current ratio of 1.36.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group began coverage on shares of Mitsubishi in a report on Tuesday, January 6th. They issued a "neutral" rating on the stock. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, Mitsubishi currently has an average rating of "Hold".

Mitsubishi Company Profile

Mitsubishi is a long-established Japanese business family and brand that today encompasses a group of independent companies operating across a wide range of industries. The Mitsubishi name traces back to the late 19th century and the founding of a shipping firm that grew into a diversified industrial and trading conglomerate. Over time the original zaibatsu was reorganized into a number of separately managed companies that nonetheless share the Mitsubishi mark and coordinate through cross-shareholdings and business relationships.

Companies using the Mitsubishi name are active in sectors including industrial machinery and heavy equipment, automotive manufacturing, electrical and electronic equipment, chemicals and materials, energy and natural resources, trading and logistics, finance and banking, real estate, and food and consumer products.

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