Mitsubishi (MSBHF) to Release Earnings on Friday

Mitsubishi (OTCMKTS:MSBHF) is anticipated to release its resultson Friday, May 1st. Analysts expect Mitsubishi to post earnings of $0.2938 per share and revenue of $27.6529 billion for the quarter.

Mitsubishi (OTCMKTS:MSBHF) last announced its quarterly earnings results on Thursday, February 5th. The company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.06. Mitsubishi had a net margin of 3.99% and a return on equity of 7.43%. The company had revenue of $32.18 billion for the quarter, compared to analysts’ expectations of $27.57 billion.

Mitsubishi Price Performance

Shares of OTCMKTS MSBHF opened at $30.05 on Friday. Mitsubishi has a 1 year low of $17.71 and a 1 year high of $37.15. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.36 and a quick ratio of 1.06. The company’s 50-day moving average is $33.29 and its 200 day moving average is $27.67. The stock has a market capitalization of $111.37 billion, a P/E ratio of 23.66 and a beta of 0.58.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group assumed coverage on shares of Mitsubishi in a report on Tuesday, January 6th. They issued a “neutral” rating on the stock. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company has a consensus rating of “Hold”.

About Mitsubishi

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.