Mitsubishi Electric (MIELY) to Post Quarterly Earnings on Friday

Mitsubishi Electric (OTCMKTS:MIELY) is expected to post its results after the market closes on Friday, July 31st. Analysts expect the company to post earnings of $0.6310 per share and revenue of $8.6715 billion for the quarter.

Mitsubishi Electric Price Performance

MIELY opened at $62.29 on Thursday. The firm has a market cap of $65.82 billion, a P/E ratio of 58.76 and a beta of 0.75. Mitsubishi Electric has a 1-year low of $43.61 and a 1-year high of $86.00. The company has a 50 day simple moving average of $73.02 and a two-hundred day simple moving average of $71.98.

Analyst Ratings Changes

Separately, Zacks Research upgraded shares of Mitsubishi Electric from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 20th. One analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Mitsubishi Electric has an average rating of “Moderate Buy”.

Mitsubishi Electric Company Profile

Mitsubishi Electric Corporation (OTCMKTS: MIELY) is a Tokyo-based multinational manufacturer of electrical and electronic equipment. Founded in 1921, the company is part of the broader Mitsubishi Group and has grown into a diversified industrial enterprise serving commercial, industrial and consumer markets. Mitsubishi Electric develops, manufactures and sells a wide range of products and systems used in building systems, factory automation, power generation and distribution, transportation, and information and communication infrastructure.

The company’s product and service portfolio includes air-conditioning and heating systems, elevators and escalators, factory automation and control equipment, power and electric systems, transportation systems and signaling for railways, and semiconductors and electronic devices.