Marubeni (OTCMKTS:MARUY) Releases Earnings Results, Beats Expectations By $0.09 EPS

Marubeni (OTCMKTS:MARUY) issued its quarterly earnings data on Monday. The conglomerate reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.63 by $0.09, Zacks reports. The firm had revenue of $16.66 billion for the quarter, compared to the consensus estimate of $13.80 billion. Marubeni had a net margin of 6.62% and a return on equity of 13.16%.

Marubeni Stock Down 1.8%

OTCMKTS:MARUY opened at $31.72 on Wednesday. The company has a current ratio of 1.37, a quick ratio of 0.99 and a debt-to-equity ratio of 0.43. Marubeni has a twelve month low of $20.32 and a twelve month high of $42.61. The company has a market cap of $52.68 billion, a PE ratio of 14.40, a P/E/G ratio of 1.76 and a beta of 0.52. The company’s 50 day moving average is $195.43 and its two-hundred day moving average is $301.58.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group downgraded shares of Marubeni from a “buy” rating to a “neutral” rating in a research note on Wednesday, May 6th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock has an average rating of “Hold”.

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.