Mitsui & Co. (MITSY) Set to Release Earnings on Tuesday

Key Points

• Mitsui & Co. is expected to report earnings before the market opens Tuesday, November 3. Analysts forecast quarterly earnings of $15.21 per share on revenue of $25.37 billion.
• The company’s previous results exceeded expectations, with EPS of $13.01 versus the $9.36 consensus estimate and revenue of $27.77 billion versus forecasts of $22.29 billion.
• MITSY stock opened at $649.84 and has a market capitalization of approximately $92.82 billion. Shares have traded between $480.35 and $835.49 over the past 52 weeks.

Mitsui & Co. (OTCMKTS:MITSY - Get Free Report) is expected to post its results before the market opens on Tuesday, November 3rd. Analysts expect the company to announce earnings of $15.21 per share and revenue of $25.37 billion for the quarter.

Mitsui & Co. (OTCMKTS:MITSY - Get Free Report) last announced its earnings results on Monday, August 3rd. The industrial products company reported $13.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $9.36 by $3.65. The business had revenue of $27.77 billion for the quarter, compared to analyst estimates of $22.29 billion. Mitsui & Co. had a net margin of 6.22% and a return on equity of 10.67%. On average, analysts expect Mitsui & Co. to post $48.18 EPS for the current fiscal year and $51.34 EPS for the next fiscal year.

Mitsui & Co. Stock Up 2.7%

MITSY stock opened at $649.84 on Tuesday. Mitsui & Co. has a 52 week low of $480.35 and a 52 week high of $835.49. The company has a quick ratio of 1.22, a current ratio of 1.45 and a debt-to-equity ratio of 0.55. The firm has a 50-day simple moving average of $634.51 and a 200-day simple moving average of $667.78. The stock has a market capitalization of $92.82 billion, a P/E ratio of 15.32, a P/E/G ratio of 1.14 and a beta of 0.49.

Mitsui & Co. Company Profile

Mitsui & Co, Ltd. is a Japanese general trading and investment company, commonly known as a sogo shosha. The company develops businesses, arranges the international trade of goods and services, and invests in projects and operating companies across a broad range of industries.

Its activities include mineral and metal resources, energy, infrastructure, mobility, machinery, chemicals, food and agriculture, healthcare, retail, information technology, and communications. Mitsui participates in areas such as natural gas and energy development, transportation and industrial equipment, logistics, digital services, and food distribution, often working with business partners and portfolio companies to build supply chains and operate projects.

Mitsui traces its modern corporate history to the establishment of Mitsui & Co in 1947, building on the longer commercial heritage of the Mitsui business group.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.