ORIX (IX) Projected to Post Earnings on Wednesday

ORIX (NYSE:IX) is anticipated to post its quarterly earnings results before the market opens on Wednesday, February 5th. Analysts expect ORIX to post earnings of $2.50 per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

ORIX (NYSE:IX) last announced its quarterly earnings results on Friday, November 8th. The real estate investment trust reported $2.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.50 by $0.32. ORIX had a return on equity of 10.01% and a net margin of 14.08%. The company had revenue of $4.67 billion during the quarter. During the same period last year, the firm earned $1.94 earnings per share. On average, analysts expect ORIX to post $11 EPS for the current fiscal year and $12 EPS for the next fiscal year.

ORIX Stock Performance

NYSE IX opened at $105.68 on Monday. The company has a fifty day moving average of $107.25 and a two-hundred day moving average of $112.03. The company has a market capitalization of $24.54 billion, a PE ratio of 9.11, a P/E/G ratio of 1.07 and a beta of 0.92. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.40 and a quick ratio of 1.37. ORIX has a 1 year low of $90.57 and a 1 year high of $125.84.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut ORIX from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th.

Insider Buying and Selling

In other ORIX news, major shareholder Corp Orix sold 3,700,000 shares of the company’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $75.38, for a total value of $278,906,000.00. Following the transaction, the insider now directly owns 2,976,077 shares in the company, valued at approximately $224,336,684.26. This represents a 55.42 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.08% of the stock is currently owned by insiders.

About ORIX

ORIX Corporation provides diversified financial services in Japan, the United States, Asia, Europe, Australasia, and the Middle East. The company's Corporate Financial Services and Maintenance Leasing segment is involved in the finance and fee; leasing and rental of automobiles, electronic measuring instruments, and ICT-related equipment businesses; and provision of life insurance and environment and energy-related products and services.