Itochu (ITOCY) Expected to Post Earnings on Monday

Itochu (OTCMKTS:ITOCY) will likely be releasing its resultson Monday, August 3rd. Analysts expect the company to post earnings of $0.2663 per share and revenue of $22.0082 billion for the quarter.

Itochu (OTCMKTS:ITOCY) last issued its quarterly earnings results on Friday, May 1st. The company reported $0.18 EPS for the quarter, hitting the consensus estimate of $0.18. The company had revenue of $24.49 billion for the quarter, compared to the consensus estimate of $28.52 billion. On average, analysts expect Itochu to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Itochu Stock Performance

Shares of OTCMKTS ITOCY opened at $11.98 on Monday. The company has a quick ratio of 0.99, a current ratio of 1.32 and a debt-to-equity ratio of 0.41. The stock has a market capitalization of $94.93 billion, a P/E ratio of 13.46 and a beta of 0.64. Itochu has a 52-week low of $10.36 and a 52-week high of $15.10. The stock’s 50 day moving average price is $11.74 and its two-hundred day moving average price is $12.60.

Hedge Funds Weigh In On Itochu

An institutional investor recently bought a new stake in Itochu stock. Aristotle Capital Management LLC purchased a new position in Itochu Corp. (OTCMKTS:ITOCY) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 11,762 shares of the company’s stock, valued at approximately $1,487,000. 0.08% of the stock is owned by institutional investors and hedge funds.

About Itochu

Itochu Corporation is a major Japanese trading company (sogo shosha) that operates a diversified global business spanning trading, investment and services. The company traces its roots to the 19th century and has evolved from a textile trading firm into a broad-based commercial and investment group. Its American Depositary Receipts trade over the counter under the symbol ITOCY.

Itochu conducts commodity and product trading across a wide range of sectors including textiles and apparel, machinery, metals and minerals, energy and chemicals, food and consumer products, information and communications technology, and real estate.