Itochu (OTCMKTS:ITOCY) Posts Quarterly Earnings Results, Misses Expectations By $0.01 EPS

Itochu (OTCMKTS:ITOCY) issued its quarterly earnings data on Monday. The company reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.01), Zacks reports. The business had revenue of $24.75 billion during the quarter, compared to the consensus estimate of $22.01 billion.

Itochu Price Performance

Shares of Itochu stock opened at $12.35 on Tuesday. Itochu has a 52 week low of $10.44 and a 52 week high of $15.10. The stock has a market cap of $97.87 billion, a PE ratio of 13.88 and a beta of 0.63. The company’s 50-day moving average price is $11.74 and its two-hundred day moving average price is $12.58. The company has a current ratio of 1.32, a quick ratio of 0.99 and a debt-to-equity ratio of 0.41.

Institutional Investors Weigh In On Itochu

A hedge fund recently bought a new position in Itochu stock. Aristotle Capital Management LLC bought a new position in Itochu Corp. (OTCMKTS:ITOCY) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 11,762 shares of the company’s stock, valued at approximately $1,487,000. 0.08% of the stock is currently owned by hedge funds and other institutional investors.

Itochu Company Profile

Itochu Corporation is a major Japanese trading company (sogo shosha) that operates a diversified global business spanning trading, investment and services. The company traces its roots to the 19th century and has evolved from a textile trading firm into a broad-based commercial and investment group. Its American Depositary Receipts trade over the counter under the symbol ITOCY.

Itochu conducts commodity and product trading across a wide range of sectors including textiles and apparel, machinery, metals and minerals, energy and chemicals, food and consumer products, information and communications technology, and real estate.