Mitsui & Co. (OTCMKTS:MITSY) Announces Quarterly Earnings Results, Beats Expectations By $3.17 EPS

Mitsui & Co. (OTCMKTS:MITSY) issued its earnings results on Wednesday. The industrial products company reported $10.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.77 by $3.17, Zacks reports. Mitsui & Co. had a net margin of 5.77% and a return on equity of 10.48%. The business had revenue of $22.42 billion during the quarter, compared to the consensus estimate of $23.58 billion.

Mitsui & Co. Stock Performance

Shares of OTCMKTS:MITSY traded up $10.95 during trading on Thursday, reaching $527.48. 5,309 shares of the stock were exchanged, compared to its average volume of 14,289. Mitsui & Co. has a 12 month low of $333.10 and a 12 month high of $530.00. The firm has a market cap of $75.79 billion, a PE ratio of 14.05, a PEG ratio of 10.20 and a beta of 0.64. The stock has a 50-day moving average price of $494.50 and a 200-day moving average price of $442.13. The company has a current ratio of 1.57, a quick ratio of 1.32 and a debt-to-equity ratio of 0.53.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded shares of Mitsui & Co. from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 8th. Two research analysts have rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, Mitsui & Co. has an average rating of “Strong Buy”.

Mitsui & Co. Company Profile

Mitsui & Co, Ltd. operates as an trading and investment company worldwide. The company engages in the manufacture and sale of steel products; steel processing, maintenance, and recycling activities; investment, development, and trading of mineral and metal resources, as well as resource recycling and industrial developing solutions; and upstream development, logistics, and trading of energy resources, such as natural gas/LNG, oil, coal, and uranium.