Mitsubishi (OTCMKTS:MSBHF) Posts Quarterly Earnings Results, Beats Estimates By $0.03 EPS

Mitsubishi (OTCMKTS:MSBHF) posted its quarterly earnings data on Monday. The company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.03, Zacks reports. Mitsubishi had a net margin of 4.23% and a return on equity of 8.04%.

Mitsubishi Price Performance

Mitsubishi stock opened at $31.32 on Monday. Mitsubishi has a 1-year low of $18.88 and a 1-year high of $37.75. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.41 and a quick ratio of 1.09. The stock has a market cap of $116.07 billion, a PE ratio of 22.53 and a beta of 0.49. The stock’s fifty day moving average is $29.32 and its two-hundred day moving average is $31.04.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded Mitsubishi to a “hold” rating in a report on Wednesday, June 3rd. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Mitsubishi has an average 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.