Marubeni (OTCMKTS:MARUY) Issues Earnings Results, Beats Expectations By $1.84 EPS

Marubeni (OTCMKTS:MARUY) issued its quarterly earnings data on Tuesday. The conglomerate reported $6.22 earnings per share for the quarter, beating analysts’ consensus estimates of $4.38 by $1.84, Zacks reports. Marubeni had a return on equity of 15.11% and a net margin of 7.04%.The company had revenue of $13.30 billion for the quarter, compared to the consensus estimate of $12.30 billion.

Marubeni Trading Up 2.7%

Marubeni stock opened at $254.60 on Thursday. The company has a quick ratio of 1.06, a current ratio of 1.44 and a debt-to-equity ratio of 0.55. Marubeni has a 52 week low of $126.85 and a 52 week high of $267.23. The company has a market capitalization of $42.28 billion, a price-to-earnings ratio of 10.99, a price-to-earnings-growth ratio of 1.75 and a beta of 0.65. The stock has a 50-day moving average price of $244.19 and a 200 day moving average price of $215.59.

Wall Street Analysts Forecast Growth

Separately, Zacks Research downgraded Marubeni from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 30th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock presently has a consensus rating of “Hold”.

About Marubeni

Marubeni Corporation engages in various business activities. It manufactures, wholesales, and retails apparel, footwear, home furnishing and sport goods, industrial and textile materials, tire and rubber materials, and household and nursing care products; develops uranium, nuclear fuel cycle, iron ore, coking coal, copper mines, and related equipment and services; smelts and refines aluminum and magnesium; leases temporary steel construction materials; explores for, develops, and produces oil and gas; manages infrastructure funds; and develops and manages real estate.