Mitsubishi (OTCMKTS:MSBHF) Posts Earnings Results, Beats Expectations By $0.03 EPS

Mitsubishi (OTCMKTS:MSBHF) announced its quarterly earnings results on Monday. The company reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.03, Zacks reports. Mitsubishi had a return on equity of 8.79% and a net margin of 4.49%.The company had revenue of $31.86 billion during the quarter, compared to analysts’ expectations of $26.46 billion.

Mitsubishi Stock Performance

Shares of Mitsubishi stock opened at $30.34 on Wednesday. The company has a quick ratio of 1.09, a current ratio of 1.41 and a debt-to-equity ratio of 0.40. Mitsubishi has a twelve month low of $18.88 and a twelve month high of $37.75. The stock has a market cap of $112.44 billion, a price-to-earnings ratio of 21.83 and a beta of 0.47. The company’s fifty day moving average is $29.19 and its 200 day moving average is $31.10.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded Mitsubishi to a “hold” rating in a research report on Wednesday, June 3rd. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has an average rating of “Hold”.

Mitsubishi Company Profile

Mitsubishi is a long-established Japanese business family and brand that today encompasses a group of independent companies operating across a wide range of industries. The Mitsubishi name traces back to the late 19th century and the founding of a shipping firm that grew into a diversified industrial and trading conglomerate. Over time the original zaibatsu was reorganized into a number of separately managed companies that nonetheless share the Mitsubishi mark and coordinate through cross-shareholdings and business relationships.

Companies using the Mitsubishi name are active in sectors including industrial machinery and heavy equipment, automotive manufacturing, electrical and electronic equipment, chemicals and materials, energy and natural resources, trading and logistics, finance and banking, real estate, and food and consumer products.