Marubeni (OTCMKTS:MARUY) Shares Gap Down on Disappointing Earnings

Marubeni Corp. (OTCMKTS:MARUY)’s share price gapped down prior to trading on Friday following a weaker than expected earnings announcement. The stock had previously closed at $390.20, but opened at $372.57. Marubeni shares last traded at $368.75, with a volume of 636 shares trading hands.

The conglomerate reported $4.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.58 by ($0.25). Marubeni had a net margin of 6.21% and a return on equity of 12.96%.

Wall Street Analyst Weigh In

MARUY has been the subject of a number of analyst reports. Zacks Research upgraded shares of Marubeni from a “strong sell” rating to a “hold” rating in a research note on Wednesday, February 25th. The Goldman Sachs Group assumed coverage on shares of Marubeni in a research note on Tuesday, January 6th. They issued a “buy” rating for the company. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy”.

Marubeni Trading Down 5.2%

The stock has a market capitalization of $60.92 billion, a price-to-earnings ratio of 17.81, a PEG ratio of 1.64 and a beta of 0.57. The company’s 50 day moving average is $364.63 and its 200 day moving average is $315.92. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.02 and a current ratio of 1.42.

Marubeni Company Profile

Marubeni Corporation (OTCMKTS:MARUY) is a major Japanese sogo shosha, or integrated trading and investment company, headquartered in Tokyo. The firm conducts a broad range of commercial activities that span commodity trading, project development, investment and financing, and supply-chain services. Marubeni operates through a network of subsidiaries, joint ventures and branch offices to support cross-border trade and large-scale industrial projects.

The company’s activities cover a wide set of industry sectors, including energy and power, metals and minerals, chemicals and industrial materials, food and consumer products, transportation and industrial machinery, and infrastructure.