Shares of Subaru Corporation (OTCMKTS:FUJHY - Get Free Report) reached a new 52-week high on Friday following a better than expected earnings announcement. The company traded as high as $10.26 and last traded at $10.26, with a volume of 23881 shares trading hands. The stock had previously closed at $9.92.
The company reported $0.26 earnings per share for the quarter, topping analysts' consensus estimates of $0.20 by $0.06. The company had revenue of $8.23 billion for the quarter, compared to analyst estimates of $7.32 billion. Subaru had a net margin of 6.40% and a return on equity of 11.62%.
Wall Street Analysts Forecast Growth
A number of brokerages have commented on FUJHY. Sanford C. Bernstein raised shares of Subaru to a "strong sell" rating in a research report on Monday, April 14th. The Goldman Sachs Group raised shares of Subaru from a "neutral" rating to a "buy" rating in a research report on Thursday, July 24th.
Check Out Our Latest Research Report on Subaru
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in the business. GAMMA Investing LLC boosted its position in Subaru by 1,214.1% during the 1st quarter. GAMMA Investing LLC now owns 120,802 shares of the company's stock worth $1,076,000 after acquiring an additional 111,609 shares during the last quarter. CHICAGO TRUST Co NA increased its position in shares of Subaru by 17.7% in the first quarter. CHICAGO TRUST Co NA now owns 40,744 shares of the company's stock worth $360,000 after purchasing an additional 6,136 shares during the period. Finally, Great Lakes Advisors LLC increased its position in shares of Subaru by 26.8% in the first quarter. Great Lakes Advisors LLC now owns 293,796 shares of the company's stock worth $2,618,000 after purchasing an additional 62,043 shares during the period. 0.01% of the stock is owned by institutional investors.
Subaru Price Performance
The stock has a 50-day simple moving average of $8.93 and a 200-day simple moving average of $9.01. The stock has a market cap of $15.11 billion, a P/E ratio of 7.31 and a beta of 0.42.
Subaru Company Profile
(
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Subaru Corporation manufactures and sells automobiles and aerospace products in Japan, rest of Asia, North America, Europe, and internationally. It operates through three segments: Automotive, Aerospace, and Others. The company manufactures, sells, and repairs passenger cars and their components, aircrafts, aerospace-related machinery, and related components; and rents and manages real estate properties.
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