Mitsubishi (OTCMKTS:MSBHF – Get Free Report) is expected to announce its results after the market closes on Wednesday, November 4th. Analysts expect the company to announce earnings of $0.3909 per share and revenue of $28.64 billion for the quarter.
Mitsubishi (OTCMKTS:MSBHF – Get Free Report) last announced its quarterly earnings data on Monday, August 3rd. The company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.03. Mitsubishi had a net margin of 4.49% and a return on equity of 8.92%. The company had revenue of $31.86 billion during the quarter, compared to the consensus estimate of $26.46 billion. On average, analysts expect Mitsubishi to post $2.37 EPS for the current fiscal year and $2.31 EPS for the next fiscal year.
Mitsubishi Price Performance
Shares of MSBHF opened at $30.01 on Monday. Mitsubishi has a twelve month low of $21.41 and a twelve month high of $37.75. The stock’s 50 day moving average is $30.82 and its two-hundred day moving average is $30.92. The firm has a market capitalization of $111.22 billion, a PE ratio of 19.49 and a beta of 0.52. The company has a current ratio of 1.46, a quick ratio of 1.10 and a debt-to-equity ratio of 0.39.
Wall Street Analysts Forecast Growth
Separately, Zacks Research upgraded shares of Mitsubishi from a “hold” rating to a “strong-buy” rating in a report on Monday, October 5th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy”.
Check Out Our Latest Analysis on Mitsubishi
Mitsubishi Company Profile
Mitsubishi Corporation (OTCMKTS:MSBHF) is a Japan-based global trading and business investment company. The company develops and manages businesses across a range of industries, working with partners and customers through its international network.
Its activities include natural gas and other energy businesses, mineral resources, chemicals, industrial infrastructure, mobility, food and consumer products, and power generation. Mitsubishi Corporation is involved in the development, financing, trading, and operation of projects and businesses rather than focusing on a single product line.
Headquartered in Tokyo, Mitsubishi Corporation serves customers and business partners across Japan and international markets.
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