Marubeni (OTCMKTS:MARUY) Releases Earnings Results

Marubeni (OTCMKTS:MARUY) issued its quarterly earnings data on Tuesday. The conglomerate reported $6.22 earnings per share for the quarter, topping analysts’ consensus estimates of $4.38 by $1.84, Zacks reports. The business had revenue of $13.30 billion during the quarter, compared to the consensus estimate of $12.30 billion. Marubeni had a net margin of 6.52% and a return on equity of 13.84%.

Marubeni Price Performance

Shares of MARUY traded up $6.60 during mid-day trading on Wednesday, hitting $254.60. 7,366 shares of the company were exchanged, compared to its average volume of 26,305. Marubeni has a 1-year low of $126.85 and a 1-year high of $267.23. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.06 and a current ratio of 1.44. The company has a 50 day moving average of $243.62 and a 200-day moving average of $215.31. The stock has a market cap of $42.28 billion, a price-to-earnings ratio of 12.23, a price-to-earnings-growth ratio of 1.73 and a beta of 0.65.

Analysts Set New Price Targets

Separately, Zacks Research downgraded shares of Marubeni from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 30th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company presently has a consensus rating of “Hold”.

About Marubeni

Marubeni Corporation engages in various business activities. It manufactures, wholesales, and retails apparel, footwear, home furnishing and sport goods, industrial and textile materials, tire and rubber materials, and household and nursing care products; develops uranium, nuclear fuel cycle, iron ore, coking coal, copper mines, and related equipment and services; smelts and refines aluminum and magnesium; leases temporary steel construction materials; explores for, develops, and produces oil and gas; manages infrastructure funds; and develops and manages real estate.