Itochu (OTCMKTS:ITOCY) Issues Earnings Results

Itochu (OTCMKTS:ITOCY) issued its quarterly earnings data on Tuesday. The company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.23 by $0.03, Zacks reports. The company had revenue of $25.59 billion during the quarter, compared to the consensus estimate of $25.34 billion.

Itochu Stock Up 1.0%

Shares of ITOCY traded up $0.15 on Thursday, reaching $14.92. The stock had a trading volume of 65,053 shares, compared to its average volume of 432,934. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.02 and a current ratio of 1.35. Itochu has a 12-month low of $10.91 and a 12-month high of $15.44. The firm has a market capitalization of $118.23 billion, a price-to-earnings ratio of 16.04 and a beta of 0.67. The company has a 50-day simple moving average of $14.27 and a 200-day simple moving average of $13.02.

Wall Street Analysts Forecast Growth

Separately, Zacks Research lowered shares of Itochu from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. Two analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy”.

About Itochu

ITOCHU Corporation is a Japan-based general trading company, or sogo shosha, that develops and manages businesses across multiple industries. Its activities include the trading, distribution, investment and business development of products and services in areas such as textiles, food, metals and minerals, energy and chemicals, machinery, general products, real estate, information and communications technology, and finance.

The company serves customers and business partners through a global network spanning Japan and international markets.