Mitsubishi Heavy Industries (OTCMKTS:MHVYF) Posts Quarterly Earnings Results, Beats Expectations By $0.09 EPS

Mitsubishi Heavy Industries (OTCMKTS:MHVYF) released its quarterly earnings results on Tuesday. The company reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.09, Zacks reports. The firm had revenue of $7.34 billion for the quarter, compared to analyst estimates of $7.09 billion. Mitsubishi Heavy Industries had a return on equity of 11.74% and a net margin of 5.89%.

Mitsubishi Heavy Industries Stock Up 13.2%

MHVYF opened at $26.27 on Wednesday. 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 business has a 50 day simple moving average of $23.50 and a 200-day simple moving average of $27.52. The stock has a market capitalization of $88.61 billion, a P/E ratio of 40.41 and a beta of 0.50. Mitsubishi Heavy Industries has a 12 month low of $20.59 and a 12 month 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.