Mitsubishi (OTCMKTS:MSBHF – Get Free Report) is expected to be announcing its results after the market closes on Wednesday, November 4th. Analysts expect the company to post earnings of $0.3909 per share and revenue of $28.64 billion for the quarter.
Mitsubishi (OTCMKTS:MSBHF – Get Free Report) last released its earnings results on Monday, August 3rd. The company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.03. The business had revenue of $31.86 billion for the quarter, compared to analysts’ expectations of $26.46 billion. On average, analysts expect Mitsubishi to post $2.37 EPS for the current fiscal year and $2.31 EPS for the next fiscal year.
Mitsubishi Stock Up 5.8%
MSBHF stock opened at $33.10 on Wednesday. Mitsubishi has a 12-month low of $21.41 and a 12-month high of $37.75. The company has a market cap of $122.67 billion, a price-to-earnings ratio of 21.49 and a beta of 0.49. The company has a 50 day moving average of $30.77 and a two-hundred day moving average of $30.83.
Wall Street Analyst Weigh In
Separately, Zacks Research raised shares of Mitsubishi from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 5th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Mitsubishi presently has a consensus rating of “Buy”.
View Our Latest Analysis on MSBHF
About Mitsubishi
Mitsubishi Corporation (OTCMKTS:MSBHF) is a Japan-based global trading and business investment company. The company develops and manages businesses across a range of industries, working with partners and customers through its international network.
Its activities include natural gas and other energy businesses, mineral resources, chemicals, industrial infrastructure, mobility, food and consumer products, and power generation. Mitsubishi Corporation is involved in the development, financing, trading, and operation of projects and businesses rather than focusing on a single product line.
Headquartered in Tokyo, Mitsubishi Corporation serves customers and business partners across Japan and international markets.
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