Mitsubishi Heavy Industries (OTCMKTS:MHVYF) Announces Earnings Results

Mitsubishi Heavy Industries (OTCMKTS:MHVYF) posted its quarterly earnings results on Tuesday. The company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.09, Zacks reports. Mitsubishi Heavy Industries had a net margin of 5.89% and a return on equity of 11.74%.

Mitsubishi Heavy Industries Price Performance

MHVYF stock opened at $23.20 on Tuesday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.28 and a quick ratio of 1.03. The company’s 50-day moving average is $23.47 and its 200-day moving average is $27.54. The stock has a market capitalization of $78.27 billion, a PE ratio of 35.69 and a beta of 0.50. Mitsubishi Heavy Industries has a 1 year low of $20.59 and a 1 year high of $34.50.

Mitsubishi Heavy Industries Company Profile

Mitsubishi Heavy Industries is a diversified Japanese industrial conglomerate engaged in the design, manufacture and servicing of large-scale capital equipment and systems. The company’s activities span shipbuilding and marine propulsion; power and energy systems including gas turbines, boilers and related power-plant equipment; and industrial machinery for sectors ranging from chemicals and manufacturing to environmental control. MHI also supplies heating, ventilation and air-conditioning systems and other building-related equipment for commercial and industrial customers.

In addition to its heavy engineering businesses, Mitsubishi Heavy Industries is a major participant in aerospace, space and defense markets.