Mitsubishi Electric (MIELY) Expected to Announce Quarterly Earnings on Friday

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

Mitsubishi Electric Stock Down 0.6%

OTCMKTS:MIELY opened at $68.67 on Friday. Mitsubishi Electric has a fifty-two week low of $43.54 and a fifty-two week high of $86.00. The firm’s 50 day moving average is $73.94 and its two-hundred day moving average is $71.84. The company has a market cap of $72.56 billion, a P/E ratio of 64.78 and a beta of 0.75.

Analyst Ratings Changes

Separately, Zacks Research upgraded Mitsubishi Electric from a “hold” rating to a “strong-buy” rating in a report on Monday. One research analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

About Mitsubishi Electric

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.