Mitsui & Co. (OTCMKTS:MITSY) Releases Quarterly Earnings Results

Key Points

• Mitsui & Co. reported earnings of $9.23 per share for the quarter, reflecting a net margin of 6.12% and a return on equity of 11.45%.
• The company's shares were upgraded to a "strong-buy" rating by Nomura Securities, indicating positive analyst sentiment.
• Mitsui & Co. has a market capitalization of $59.47 billion, a price-to-earnings ratio of 10.30, and is currently trading at $413.85.

Mitsui & Co. (OTCMKTS:MITSY - Get Free Report) announced its quarterly earnings results on Friday. The industrial products company reported $9.23 EPS for the quarter, missing analysts' consensus estimates of $9.29 by ($0.06), Zacks reports. Mitsui & Co. had a net margin of 5.77% and a return on equity of 10.63%. The firm had revenue of $21.93 billion for the quarter, compared to the consensus estimate of $25.80 billion.

Mitsui & Co. Trading Down 1.2%

MITSY traded down $5.01 on Tuesday, hitting $421.52. The company had a trading volume of 57,042 shares, compared to its average volume of 17,700. The company has a market cap of $60.57 billion, a PE ratio of 11.23, a PEG ratio of 1.15 and a beta of 0.74. Mitsui & Co. has a 12-month low of $333.10 and a 12-month high of $478.90. The company has a quick ratio of 1.29, a current ratio of 1.56 and a debt-to-equity ratio of 0.52. The business's fifty day simple moving average is $411.32 and its 200 day simple moving average is $393.79.

Wall Street Analysts Forecast Growth

Separately, Nomura Securities raised Mitsui & Co. to a "strong-buy" rating in a research note on Wednesday, May 28th.

About Mitsui & Co.

Mitsui & Co, Ltd. operates as an trading and investment company worldwide. The company engages in the manufacture and sale of steel products; steel processing, maintenance, and recycling activities; investment, development, and trading of mineral and metal resources, as well as resource recycling and industrial developing solutions; and upstream development, logistics, and trading of energy resources, such as natural gas/LNG, oil, coal, and uranium.