Marubeni (OTCMKTS:MARUY) Releases Earnings Results, Beats Estimates By $0.09 EPS

Marubeni (OTCMKTS:MARUY) released its quarterly earnings results on Monday. The conglomerate reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.09, Zacks reports. Marubeni had a net margin of 6.60% and a return on equity of 13.11%.

Marubeni Price Performance

MARUY opened at $32.34 on Monday. Marubeni has a one year low of $20.00 and a one year high of $42.61. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.99 and a current ratio of 1.37. The stock has a market capitalization of $53.71 billion, a P/E ratio of 14.68, a price-to-earnings-growth ratio of 1.76 and a beta of 0.52. The business’s 50-day simple moving average is $207.48 and its 200-day simple moving average is $305.57.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group cut Marubeni from a “buy” rating to a “neutral” rating in a research report on Wednesday, May 6th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, Marubeni presently has an average rating of “Hold”.

Marubeni Company Profile

Marubeni Corporation (OTCMKTS:MARUY) is a major Japanese sogo shosha, or integrated trading and investment company, headquartered in Tokyo. The firm conducts a broad range of commercial activities that span commodity trading, project development, investment and financing, and supply-chain services. Marubeni operates through a network of subsidiaries, joint ventures and branch offices to support cross-border trade and large-scale industrial projects.

The company’s activities cover a wide set of industry sectors, including energy and power, metals and minerals, chemicals and industrial materials, food and consumer products, transportation and industrial machinery, and infrastructure.