Mitsubishi Estate (MITEY) Projected to Post Earnings on Monday

Mitsubishi Estate (OTCMKTS:MITEY) is expected to release its results after the market closes on Monday, November 9th. Analysts expect Mitsubishi Estate to announce earnings of $0.1517 per share and revenue of $2.93 billion for the quarter.

Mitsubishi Estate Stock Performance

Shares of OTCMKTS MITEY opened at $24.09 on Monday. The stock has a market cap of $29.18 billion, a price-to-earnings ratio of 15.95 and a beta of 0.14. The stock’s 50-day moving average is $23.22 and its 200 day moving average is $26.14. Mitsubishi Estate has a 1-year low of $20.09 and a 1-year high of $35.17. The company has a current ratio of 1.89, a quick ratio of 1.35 and a debt-to-equity ratio of 1.19.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group lowered Mitsubishi Estate from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 22nd. One research analyst has rated the stock with a Hold rating. Based on data from MarketBeat.com, the stock has an average rating of “Hold”.

Mitsubishi Estate Company Profile

Mitsubishi Estate Co, Ltd. is a Japan-based real estate company engaged in the development, ownership, leasing and management of commercial and residential properties. Its portfolio includes office buildings, retail facilities, hotels, logistics properties and residential developments, as well as related property management and facility services.

The company is closely associated with the Marunouchi district in central Tokyo, where it has played a major role in the long-term redevelopment of office, retail, cultural and public spaces.