Mitsubishi Heavy Industries (OTCMKTS:MHVYF) Announces Earnings Results, Beats Estimates By $0.07 EPS

Mitsubishi Heavy Industries (OTCMKTS:MHVYF) announced its quarterly earnings data on Tuesday. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.07, Zacks reports. Mitsubishi Heavy Industries had a net margin of 5.89% and a return on equity of 12.34%. The company had revenue of $10.37 billion for the quarter, compared to analysts’ expectations of $10.43 billion.

Mitsubishi Heavy Industries Price Performance

MHVYF stock traded up $0.22 on Thursday, reaching $27.40. 1,894 shares of the company’s stock were exchanged, compared to its average volume of 36,426. The stock has a fifty day moving average of $29.52 and a 200-day moving average of $28.78. The firm has a market cap of $92.42 billion, a PE ratio of 42.15 and a beta of 0.55. The company has a quick ratio of 0.98, a current ratio of 1.27 and a debt-to-equity ratio of 0.25. Mitsubishi Heavy Industries has a twelve month low of $18.01 and a twelve month high of $34.50.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded shares of Mitsubishi Heavy Industries from a “strong sell” rating to a “hold” rating in a research note on Friday, February 20th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the company has an average rating of “Hold”.

Mitsubishi Heavy Industries Company Profile

Mitsubishi Heavy Industries is a diversified Japanese industrial conglomerate engaged in the design, manufacture and servicing of large-scale capital equipment and systems. The company’s activities span shipbuilding and marine propulsion; power and energy systems including gas turbines, boilers and related power-plant equipment; and industrial machinery for sectors ranging from chemicals and manufacturing to environmental control. MHI also supplies heating, ventilation and air-conditioning systems and other building-related equipment for commercial and industrial customers.

In addition to its heavy engineering businesses, Mitsubishi Heavy Industries is a major participant in aerospace, space and defense markets.