Mitsubishi (OTCMKTS:MSBHF) Announces Quarterly Earnings Results

Mitsubishi (OTCMKTS:MSBHF) released its earnings results on Friday. The company reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.09, Zacks reports. Mitsubishi had a return on equity of 7.43% and a net margin of 3.99%.

Mitsubishi Price Performance

OTCMKTS:MSBHF traded up $1.34 during mid-day trading on Friday, hitting $32.74. 9,481 shares of the company’s stock traded hands, compared to its average volume of 50,326. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.06 and a current ratio of 1.36. The company has a market cap of $121.32 billion, a PE ratio of 25.78 and a beta of 0.58. The firm’s 50 day simple moving average is $33.10 and its 200 day simple moving average is $27.92. Mitsubishi has a 1 year low of $17.71 and a 1 year high of $37.15.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group began coverage on shares of Mitsubishi in a report on Tuesday, January 6th. They issued a “neutral” rating for the company. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company 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.