Mitsubishi Estate (MITEY) to Announce Earnings on Friday

Mitsubishi Estate (OTCMKTS:MITEY) is expected to be posting its results after the market closes on Friday, August 7th. Analysts expect the company to post earnings of $0.29 per share and revenue of $3.3080 billion for the quarter.

Mitsubishi Estate Stock Performance

OTCMKTS MITEY opened at $23.80 on Wednesday. The company has a current ratio of 1.97, a quick ratio of 1.39 and a debt-to-equity ratio of 1.26. The company has a market capitalization of $28.82 billion, a PE ratio of 20.00 and a beta of 0.13. The business’s 50-day moving average price is $25.26 and its 200 day moving average price is $27.44. Mitsubishi Estate has a twelve month low of $18.18 and a twelve month high of $35.17.

Analyst Ratings Changes

Separately, The Goldman Sachs Group cut shares of Mitsubishi Estate from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 22nd. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has an average rating of “Hold”.

Mitsubishi Estate Company Profile

Mitsubishi Estate Co, Ltd. (OTCMKTS: MITEY) is one of Japan’s largest real estate developers and a core company within the Mitsubishi corporate group. Headquartered in Tokyo, the firm is best known for large-scale urban development and property leasing, including landmark office districts and mixed-use complexes in central Tokyo. Its businesses span the full real estate value chain, from land acquisition and project development to leasing, sales, property and facility management, and real estate investment management.

The company’s commercial activities cover office buildings, retail and commercial facilities, residential housing, hotels and resorts, and logistics properties.