Mitsubishi (OTCMKTS:MSBHF) Posts Earnings Results, Beats Expectations By $0.16 EPS

Mitsubishi (OTCMKTS:MSBHF) released its quarterly earnings results on Wednesday. The company reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.16, Zacks reports. Mitsubishi had a return on equity of 8.92% and a net margin of 4.49%.

Mitsubishi Stock Up 5.0%

Shares of Mitsubishi stock traded up $1.49 during trading hours on Wednesday, reaching $31.50. 3,886 shares of the company were exchanged, compared to its average volume of 25,536. The firm has a market cap of $116.74 billion, a PE ratio of 20.45 and a beta of 0.52. The stock’s fifty day moving average is $30.82 and its 200 day moving average is $30.97. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.10 and a current ratio of 1.46. Mitsubishi has a 1 year low of $21.41 and a 1 year high of $37.75.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded Mitsubishi from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 5th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Mitsubishi has a consensus rating of “Buy”.

About Mitsubishi

Mitsubishi Corporation (OTCMKTS:MSBHF) is a Japan-based global trading and business investment company. The company develops and manages businesses across a range of industries, working with partners and customers through its international network.

Its activities include natural gas and other energy businesses, mineral resources, chemicals, industrial infrastructure, mobility, food and consumer products, and power generation. Mitsubishi Corporation is involved in the development, financing, trading, and operation of projects and businesses rather than focusing on a single product line.

Headquartered in Tokyo, Mitsubishi Corporation serves customers and business partners across Japan and international markets.