Mitsubishi (OTCMKTS:MSBHF) Releases Quarterly Earnings Results

Mitsubishi (OTCMKTS:MSBHF) issued its quarterly earnings results on Monday. The company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.48 by $0.03, Zacks reports. Mitsubishi had a net margin of 4.23% and a return on equity of 8.04%.

Mitsubishi Price Performance

Shares of OTCMKTS:MSBHF opened at $31.32 on Monday. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.41 and a quick ratio of 1.09. The stock has a market cap of $116.07 billion, a price-to-earnings ratio of 22.53 and a beta of 0.49. The company has a 50 day moving average of $29.32 and a 200-day moving average of $31.04. Mitsubishi has a one year low of $18.88 and a one year high of $37.75.

Analysts Set New Price Targets

Separately, Zacks Research raised Mitsubishi to a “hold” rating in a report on Wednesday, June 3rd. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Mitsubishi currently 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.