Mitsubishi (OTCMKTS:MSBHF) Posts Earnings Results

Mitsubishi (OTCMKTS:MSBHF) issued its quarterly earnings data on Thursday. The company reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.06, reports. Mitsubishi had a return on equity of 6.97% and a net margin of 3.86%.The company had revenue of $32.18 billion during the quarter, compared to the consensus estimate of $27.57 billion.

Mitsubishi Stock Up 5.6%

Shares of Mitsubishi stock traded up $1.55 during trading on Thursday, reaching $29.25. 3,505 shares of the company traded hands, compared to its average volume of 11,629. The firm has a market capitalization of $116.31 billion, a PE ratio of 24.58 and a beta of 0.64. Mitsubishi has a 1-year low of $14.85 and a 1-year high of $29.50. The company has a 50 day moving average price of $24.47 and a 200-day moving average price of $23.46. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.44 and a quick ratio of 1.13.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group initiated coverage on shares of Mitsubishi in a research note on Tuesday, January 6th. They issued a “neutral” rating on the stock. Two analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has an average rating of “Hold”.

Mitsubishi Company Profile

Mitsubishi is a long-established Japanese business family and brand that today encompasses a group of independent companies operating across a wide range of industries. The Mitsubishi name traces back to the late 19th century and the founding of a shipping firm that grew into a diversified industrial and trading conglomerate. Over time the original zaibatsu was reorganized into a number of separately managed companies that nonetheless share the Mitsubishi mark and coordinate through cross-shareholdings and business relationships.

Companies using the Mitsubishi name are active in sectors including industrial machinery and heavy equipment, automotive manufacturing, electrical and electronic equipment, chemicals and materials, energy and natural resources, trading and logistics, finance and banking, real estate, and food and consumer products.