Marubeni (OTCMKTS:MARUY) Announces Earnings Results

Marubeni (OTCMKTS:MARUY) announced its quarterly earnings results on Friday. The conglomerate reported $4.33 earnings per share for the quarter, missing analysts’ consensus estimates of $4.58 by ($0.25), Zacks reports. Marubeni had a net margin of 6.21% and a return on equity of 12.96%.

Marubeni Stock Down 5.3%

OTCMKTS MARUY traded down $20.83 during trading on Friday, hitting $369.37. The stock had a trading volume of 11,335 shares, compared to its average volume of 31,252. Marubeni has a 12 month low of $167.96 and a 12 month high of $426.06. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.02 and a current ratio of 1.42. The company’s 50-day moving average price is $364.63 and its two-hundred day moving average price is $315.92. The company has a market capitalization of $60.81 billion, a PE ratio of 17.78, a P/E/G ratio of 1.64 and a beta of 0.57.

Analysts Set New Price Targets

MARUY has been the topic of a number of research analyst reports. Zacks Research upgraded shares of Marubeni from a “strong sell” rating to a “hold” rating in a report on Wednesday, February 25th. The Goldman Sachs Group initiated coverage on shares of Marubeni in a research note on Tuesday, January 6th. They issued a “buy” rating for the company. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy”.

About Marubeni

Marubeni Corporation (OTCMKTS:MARUY) is a major Japanese sogo shosha, or integrated trading and investment company, headquartered in Tokyo. The firm conducts a broad range of commercial activities that span commodity trading, project development, investment and financing, and supply-chain services. Marubeni operates through a network of subsidiaries, joint ventures and branch offices to support cross-border trade and large-scale industrial projects.

The company’s activities cover a wide set of industry sectors, including energy and power, metals and minerals, chemicals and industrial materials, food and consumer products, transportation and industrial machinery, and infrastructure.