Itochu (ITOCY) Set to Announce Earnings on Wednesday

Itochu (OTCMKTS:ITOCY) is anticipated to issue its results after the market closes on Wednesday, November 4th. Analysts expect Itochu to announce earnings of $0.2348 per share and revenue of $25.34 billion for the quarter.

Itochu (OTCMKTS:ITOCY) last issued its quarterly earnings data on Monday, August 3rd. The company reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.01). The company had revenue of $24.75 billion for the quarter, compared to analysts’ expectations of $22.01 billion. On average, analysts expect Itochu to post $0.92 EPS for the current fiscal year and $0.98 EPS for the next fiscal year.

Itochu Trading Down 0.3%

Itochu stock opened at $15.03 on Wednesday. The stock has a fifty day moving average price of $14.07 and a 200 day moving average price of $12.97. Itochu has a 52 week low of $10.91 and a 52 week high of $15.44.

Analyst Ratings Changes

Separately, Zacks Research upgraded Itochu from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 5th. Three analysts have rated the stock with a Strong Buy rating and one has issued a Buy rating to the company’s stock. Based on data from MarketBeat.com, Itochu has a consensus 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.