Mitsubishi (OTCMKTS:MSBHF) Posts Quarterly Earnings Results, Beats Expectations By $0.03 EPS

Mitsubishi (OTCMKTS:MSBHF) posted its quarterly earnings data on Monday. The company reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.03, Zacks reports. Mitsubishi had a return on equity of 8.04% and a net margin of 4.23%.

Mitsubishi Price Performance

Shares of OTCMKTS MSBHF opened at $31.32 on Monday. The business has a 50 day moving average price of $29.32 and a two-hundred day moving average price of $31.04. The firm has a market cap of $116.07 billion, a PE ratio of 22.53 and a beta of 0.49. Mitsubishi has a fifty-two week low of $18.88 and a fifty-two week high of $37.75. The company has a quick ratio of 1.09, a current ratio of 1.41 and a debt-to-equity ratio of 0.40.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded shares of Mitsubishi to a “hold” rating in a report on Wednesday, June 3rd. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, Mitsubishi presently has an average rating of “Hold”.

About Mitsubishi

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.