Itochu (OTCMKTS:ITOCY) Releases Earnings Results, Beats Expectations By $0.03 EPS

Itochu (OTCMKTS:ITOCY) posted its earnings results on Wednesday. The company reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.03, Zacks reports.

Itochu Trading Up 2.5%

Shares of ITOCY stock traded up $0.36 during mid-day trading on Wednesday, reaching $14.74. 169,182 shares of the stock traded hands, compared to its average volume of 434,256. The company has a market cap of $116.81 billion, a price-to-earnings ratio of 15.85 and a beta of 0.67. The stock’s fifty day simple moving average is $14.25 and its two-hundred day simple moving average is $13.01. The company has a quick ratio of 1.02, a current ratio of 1.35 and a debt-to-equity ratio of 0.46. Itochu has a 1-year low of $10.91 and a 1-year high of $15.44.

Analyst Ratings Changes

Separately, Zacks Research raised shares of Itochu from a “hold” rating to a “strong-buy” rating in a report on Monday, October 5th. Three investment analysts have rated the stock with a Strong Buy rating and one has given a Buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Strong Buy”.

About Itochu

ITOCHU Corporation is a Japan-based general trading company, or sogo shosha, that develops and manages businesses across multiple industries. Its activities include the trading, distribution, investment and business development of products and services in areas such as textiles, food, metals and minerals, energy and chemicals, machinery, general products, real estate, information and communications technology, and finance.

The company serves customers and business partners through a global network spanning Japan and international markets.