Itochu (OTCMKTS:ITOCY) Announces Quarterly Earnings Results, Misses Estimates By $0.01 EPS

Itochu (OTCMKTS:ITOCY) posted its earnings results on Monday. The company reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.01), Zacks reports. The business had revenue of $24.75 billion during the quarter, compared to the consensus estimate of $22.01 billion.

Itochu Trading Up 2.3%

OTCMKTS ITOCY opened at $12.63 on Wednesday. Itochu has a 12 month low of $10.44 and a 12 month high of $15.10. The company has a 50-day moving average of $11.75 and a 200-day moving average of $12.57. The company has a market cap of $100.09 billion, a P/E ratio of 14.19 and a beta of 0.63. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.32 and a quick ratio of 0.99.

Hedge Funds Weigh In On Itochu

An institutional investor recently bought a new stake in Itochu stock. Aristotle Capital Management LLC acquired a new stake in Itochu Corp. (OTCMKTS:ITOCY) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 11,762 shares of the company’s stock, valued at approximately $1,487,000. Institutional investors own 0.08% of the company’s stock.

About Itochu

Itochu Corporation is a major Japanese trading company (sogo shosha) that operates a diversified global business spanning trading, investment and services. The company traces its roots to the 19th century and has evolved from a textile trading firm into a broad-based commercial and investment group. Its American Depositary Receipts trade over the counter under the symbol ITOCY.

Itochu conducts commodity and product trading across a wide range of sectors including textiles and apparel, machinery, metals and minerals, energy and chemicals, food and consumer products, information and communications technology, and real estate.