Mitsubishi Heavy Industries (MHVYF) Expected to Announce Earnings on Friday

Key Points

• Mitsubishi Heavy Industries is expected to report earnings after Friday’s market close, with analysts forecasting $0.1494 in EPS and $7.77 billion in revenue.
• In its prior quarter, the company beat expectations, reporting $0.24 EPS versus the $0.15 consensus and $7.34 billion in revenue compared with estimates of $7.09 billion.
• The stock opened at $22.18 and was down 0.5%, while analyst sentiment remained positive with an average rating of “Buy,” including recent upgrades to “Strong Buy” and “Outperform.”

Mitsubishi Heavy Industries (OTCMKTS:MHVYF - Get Free Report) is expected to post its results after the market closes on Friday, November 6th. Analysts expect the company to announce earnings of $0.1494 per share and revenue of $7.77 billion for the quarter.

Mitsubishi Heavy Industries (OTCMKTS:MHVYF - Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $0.24 EPS for the quarter, topping analysts' consensus estimates of $0.15 by $0.09. Mitsubishi Heavy Industries had a return on equity of 12.97% and a net margin of 7.04%. The company had revenue of $7.34 billion for the quarter, compared to analysts' expectations of $7.09 billion.

Mitsubishi Heavy Industries Trading Down 0.5%

MHVYF opened at $22.18 on Friday. Mitsubishi Heavy Industries has a twelve month low of $20.59 and a twelve month high of $34.50. The company has a 50-day simple moving average of $24.28 and a 200 day simple moving average of $26.65. The company has a quick ratio of 0.98, a current ratio of 1.26 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $74.83 billion, a price-to-earnings ratio of 29.73 and a beta of 0.52.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Sanford C. Bernstein assumed coverage on shares of Mitsubishi Heavy Industries in a report on Tuesday, September 15th. They issued an "outperform" rating on the stock. UBS Group raised shares of Mitsubishi Heavy Industries from a "hold" rating to a "strong-buy" rating in a report on Thursday, August 13th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Buy".

About Mitsubishi Heavy Industries

Mitsubishi Heavy Industries, Ltd. is a Japan-based industrial engineering and manufacturing company that develops and supplies large-scale equipment, systems and infrastructure for customers around the world. Its operations span energy, industrial machinery, infrastructure, transportation, aerospace and defense.

The company provides gas turbines, steam turbines, boilers, power-generation systems and carbon-reduction technologies, as well as machinery and systems used in factories, logistics operations and environmental applications.

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