Mitsubishi (MSBHF) Projected to Release Quarterly Earnings on Monday

Mitsubishi (OTCMKTS:MSBHF) is projected to announce its resultson Monday, August 3rd. Analysts expect the company to announce earnings of $0.4830 per share and revenue of $26.4596 billion for the quarter.

Mitsubishi (OTCMKTS:MSBHF) last announced its earnings results on Friday, May 1st. The company reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.09. The business had revenue of $32.97 billion for the quarter, compared to analyst estimates of $22.88 billion. Mitsubishi had a return on equity of 8.04% and a net margin of 4.23%. On average, analysts expect Mitsubishi to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Mitsubishi Stock Performance

OTCMKTS MSBHF opened at $30.00 on Monday. Mitsubishi has a 52 week low of $18.88 and a 52 week high of $37.75. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.09 and a current ratio of 1.41. The stock’s 50 day moving average price is $29.76 and its two-hundred day moving average price is $30.83. The stock has a market capitalization of $111.18 billion, a price-to-earnings ratio of 21.58 and a beta of 0.49.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised shares of Mitsubishi to a “hold” rating in a research report on Wednesday, June 3rd. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Mitsubishi currently 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.