Mitsui & Co. (OTCMKTS:MITSY) Posts Quarterly Earnings Results

Mitsui & Co. (OTCMKTS:MITSY) released its earnings results on Monday. The industrial products company reported $13.01 earnings per share for the quarter, topping the consensus estimate of $9.36 by $3.65, Zacks reports. Mitsui & Co. had a net margin of 5.96% and a return on equity of 9.81%. The business had revenue of $27.77 billion for the quarter, compared to the consensus estimate of $22.29 billion.

Mitsui & Co. Stock Down 3.0%

OTCMKTS MITSY opened at $597.89 on Wednesday. Mitsui & Co. has a twelve month low of $397.36 and a twelve month high of $835.49. The stock has a market cap of $85.40 billion, a PE ratio of 15.48, a PEG ratio of 1.13 and a beta of 0.47. The firm has a 50-day simple moving average of $597.19 and a 200 day simple moving average of $684.69. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.19 and a current ratio of 1.41.

Analysts Set New Price Targets

Separately, Zacks Research downgraded Mitsui & Co. from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 2nd. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, Mitsui & Co. currently has a consensus rating of “Hold”.

About Mitsui & Co.

Mitsui & Co, Ltd. (OTCMKTS: MITSY) is a global sogo shosha, or general trading company, headquartered in Tokyo, Japan. Established in the aftermath of World War II, Mitsui & Co has grown into one of Japan’s largest trading houses, operating across a wide range of industries to connect producers, manufacturers and consumers around the world.

The company’s core activities include commodity trading, resource and energy development, project and infrastructure development, and strategic investing.