Mitsubishi (OTCMKTS:MSBHF) Announces Earnings Results, Beats Expectations By $0.03 EPS

Mitsubishi (OTCMKTS:MSBHF) issued its quarterly earnings results on Monday. The company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.03, Zacks reports. Mitsubishi had a return on equity of 8.04% and a net margin of 4.23%.The business had revenue of $31.86 billion for the quarter, compared to analyst estimates of $26.46 billion.

Mitsubishi Stock Down 4.1%

MSBHF stock opened at $30.05 on Tuesday. The stock has a fifty day moving average of $29.23 and a 200-day moving average of $31.07. Mitsubishi has a fifty-two week low of $18.88 and a fifty-two week high of $37.75. The company has a market capitalization of $111.37 billion, a price-to-earnings ratio of 21.62 and a beta of 0.47. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.09 and a current ratio of 1.41.

Wall Street Analyst Weigh In

Separately, Zacks Research raised Mitsubishi to a “hold” rating in a research report on Wednesday, June 3rd. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, Mitsubishi currently has a consensus rating of “Hold”.

Mitsubishi Company Profile

Mitsubishi is a long-established Japanese business family and brand that today encompasses a group of independent companies operating across a wide range of industries. The Mitsubishi name traces back to the late 19th century and the founding of a shipping firm that grew into a diversified industrial and trading conglomerate. Over time the original zaibatsu was reorganized into a number of separately managed companies that nonetheless share the Mitsubishi mark and coordinate through cross-shareholdings and business relationships.

Companies using the Mitsubishi name are active in sectors including industrial machinery and heavy equipment, automotive manufacturing, electrical and electronic equipment, chemicals and materials, energy and natural resources, trading and logistics, finance and banking, real estate, and food and consumer products.