Orix Corp Ads (NYSE:IX) Announces Earnings Results

Orix Corp Ads (NYSE:IX) issued its quarterly earnings results on Wednesday. The real estate investment trust reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.42, Zacks reports. Orix Corp Ads had a net margin of 12.70% and a return on equity of 9.01%. The business had revenue of $5.14 billion for the quarter, compared to analysts’ expectations of $4.87 billion.

Orix Corp Ads Stock Up 0.8%

Orix Corp Ads stock traded up $0.21 during mid-day trading on Friday, hitting $26.25. The company had a trading volume of 111,832 shares, compared to its average volume of 196,349. The company has a quick ratio of 1.72, a current ratio of 1.76 and a debt-to-equity ratio of 1.36. Orix Corp Ads has a 1 year low of $17.75 and a 1 year high of $27.21. The business has a fifty day moving average of $25.67 and a 200 day moving average of $23.63. The stock has a market cap of $29.91 billion, a price-to-earnings ratio of 12.01, a PEG ratio of 0.91 and a beta of 0.88.

Institutional Investors Weigh In On Orix Corp Ads

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Geneos Wealth Management Inc. grew its holdings in shares of Orix Corp Ads by 4,325.5% during the first quarter. Geneos Wealth Management Inc. now owns 2,080 shares of the real estate investment trust’s stock worth $43,000 after purchasing an additional 2,033 shares during the last quarter. Russell Investments Group Ltd. boosted its position in shares of Orix Corp Ads by 217.4% in the 3rd quarter. Russell Investments Group Ltd. now owns 4,497 shares of the real estate investment trust’s stock valued at $117,000 after purchasing an additional 3,080 shares during the period. Jones Financial Companies Lllp grew its stake in Orix Corp Ads by 8,083.8% during the 1st quarter. Jones Financial Companies Lllp now owns 5,565 shares of the real estate investment trust’s stock worth $116,000 after buying an additional 5,497 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in Orix Corp Ads by 611.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 6,364 shares of the real estate investment trust’s stock worth $143,000 after buying an additional 5,470 shares during the last quarter. Finally, Evergreen Capital Management LLC acquired a new position in Orix Corp Ads during the second quarter worth approximately $246,000. 1.73% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Orix Corp Ads in a research report on Wednesday, October 8th. Wall Street Zen lowered Orix Corp Ads from a “strong-buy” rating to a “buy” rating in a report on Friday, August 22nd. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, Orix Corp Ads currently has a consensus rating of “Hold”.

About Orix Corp Ads

ORIX Corporation provides diversified financial services in Japan, the United States, Asia, Europe, Australasia, and the Middle East. The company's Corporate Financial Services and Maintenance Leasing segment is involved in the finance and fee; leasing and rental of automobiles, electronic measuring instruments, and ICT-related equipment businesses; and provision of life insurance and environment and energy-related products and services.