ORIX (NYSE:IX) Issues Quarterly Earnings Results

ORIX (NYSE:IX - Get Free Report) posted its earnings results on Monday. The real estate investment trust reported $0.46 EPS for the quarter, missing analysts' consensus estimates of $0.66 by ($0.20), Zacks reports. ORIX had a net margin of 13.66% and a return on equity of 9.73%. The company had revenue of $4.86 billion during the quarter, compared to analyst estimates of $5.17 billion.

ORIX Stock Performance

NYSE IX remained flat at $20.55 during trading on Friday. The company's stock had a trading volume of 145,232 shares, compared to its average volume of 160,537. The stock has a 50-day simple moving average of $20.22 and a 200 day simple moving average of $20.93. The firm has a market cap of $23.42 billion, a PE ratio of 1.79, a P/E/G ratio of 0.97 and a beta of 0.88. ORIX has a 12 month low of $17.75 and a 12 month high of $25.17. The company has a debt-to-equity ratio of 1.38, a quick ratio of 1.73 and a current ratio of 1.77.

Analyst Ratings Changes

Separately, StockNews.com raised ORIX from a "hold" rating to a "buy" rating in a research note on Tuesday.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Royal Bank of Canada grew its holdings in shares of ORIX by 336.1% during the first quarter. Royal Bank of Canada now owns 38,081 shares of the real estate investment trust's stock worth $796,000 after purchasing an additional 29,349 shares during the last quarter. AQR Capital Management LLC grew its stake in ORIX by 433.3% during the 1st quarter. AQR Capital Management LLC now owns 44,547 shares of the real estate investment trust's stock worth $931,000 after buying an additional 36,194 shares during the last quarter. Millennium Management LLC increased its position in ORIX by 3,021.1% during the first quarter. Millennium Management LLC now owns 203,967 shares of the real estate investment trust's stock worth $4,261,000 after buying an additional 197,432 shares during the period. Jones Financial Companies Lllp lifted its stake in ORIX by 8,083.8% in the first quarter. Jones Financial Companies Lllp now owns 5,565 shares of the real estate investment trust's stock valued at $116,000 after buying an additional 5,497 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of ORIX by 568.7% in the first quarter. Goldman Sachs Group Inc. now owns 96,454 shares of the real estate investment trust's stock valued at $2,015,000 after acquiring an additional 82,030 shares during the period. Institutional investors and hedge funds own 1.73% of the company's stock.

ORIX Company Profile

ORIX Corporation provides diversified financial services in Japan, the United States, Asia, Europe, Australasia, and the Middle East. The company's Corporate Financial Services and Maintenance Leasing segment is involved in the finance and fee; leasing and rental of automobiles, electronic measuring instruments, and ICT-related equipment businesses; and provision of life insurance and environment and energy-related products and services.