Marubeni (OTCMKTS:MARUY) Announces Quarterly Earnings Results, Misses Estimates By $0.25 EPS

Marubeni (OTCMKTS:MARUY) issued its quarterly earnings data on Friday. The conglomerate reported $4.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.58 by ($0.25), Zacks reports. Marubeni had a net margin of 6.21% and a return on equity of 12.96%. The firm had revenue of $13.36 billion during the quarter, compared to analyst estimates of $14.83 billion.

Marubeni Stock Performance

Marubeni stock opened at $369.37 on Friday. The stock has a market cap of $60.81 billion, a P/E ratio of 16.77, a price-to-earnings-growth ratio of 1.62 and a beta of 0.58. The company has a current ratio of 1.42, a quick ratio of 1.02 and a debt-to-equity ratio of 0.48. The stock has a 50 day moving average of $364.63 and a 200-day moving average of $316.41. Marubeni has a 52 week low of $167.96 and a 52 week high of $426.06.

Analyst Ratings Changes

Several brokerages have issued reports on MARUY. The Goldman Sachs Group began coverage on shares of Marubeni in a research report on Tuesday, January 6th. They issued a “buy” rating for the company. Zacks Research raised shares of Marubeni from a “strong sell” rating to a “hold” rating in a research report on Wednesday, February 25th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

About Marubeni

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.