Mitsubishi Electric (MIELY) Expected to Announce Quarterly Earnings on Tuesday

Mitsubishi Electric (OTCMKTS:MIELY) will likely be issuing its resultson Tuesday, April 28th. Analysts expect the company to announce earnings of $0.4195 per share and revenue of $10.2982 billion for the quarter.

Mitsubishi Electric Trading Up 3.4%

MIELY stock opened at $77.10 on Tuesday. The company has a market capitalization of $81.46 billion, a P/E ratio of 72.74 and a beta of 0.58. Mitsubishi Electric has a twelve month low of $34.50 and a twelve month high of $78.69. The business has a 50 day simple moving average of $71.14 and a 200-day simple moving average of $62.68.

Wall Street Analyst Weigh In

MIELY has been the subject of several research analyst reports. Zacks Research raised Mitsubishi Electric from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 3rd. UBS Group raised Mitsubishi Electric from a “strong sell” rating to a “hold” rating in a report on Monday, March 9th. One research analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

About Mitsubishi Electric

Mitsubishi Electric Corporation (OTCMKTS: MIELY) is a Tokyo-based multinational manufacturer of electrical and electronic equipment. Founded in 1921, the company is part of the broader Mitsubishi Group and has grown into a diversified industrial enterprise serving commercial, industrial and consumer markets. Mitsubishi Electric develops, manufactures and sells a wide range of products and systems used in building systems, factory automation, power generation and distribution, transportation, and information and communication infrastructure.

The company’s product and service portfolio includes air-conditioning and heating systems, elevators and escalators, factory automation and control equipment, power and electric systems, transportation systems and signaling for railways, and semiconductors and electronic devices.