Mitsubishi Electric (MIELF) Expected to Announce Quarterly Earnings on Friday

Mitsubishi Electric (OTCMKTS:MIELF) is expected to release its results after the market closes on Friday, July 31st. Analysts expect Mitsubishi Electric to announce earnings of $0.3111 per share and revenue of $8.5434 billion for the quarter.

Mitsubishi Electric Stock Down 2.2%

Shares of MIELF opened at $30.36 on Thursday. The company has a market cap of $65.19 billion, a price-to-earnings ratio of 32.30 and a beta of 0.63. Mitsubishi Electric has a twelve month low of $22.12 and a twelve month high of $44.01. The company has a 50 day moving average of $36.65 and a two-hundred day moving average of $36.21.

About Mitsubishi Electric

Mitsubishi Electric Corporation (trading OTC as MIELF) is a diversified Japanese multinational manufacturer of electrical and electronic equipment. Established in 1921 as part of the broader Mitsubishi group, the company is headquartered in Tokyo and has grown into a global supplier of products and systems for industrial, commercial, infrastructure and consumer markets.

The company’s operations span a wide range of businesses including power and energy systems, factory automation and industrial machinery, building systems such as elevators and escalators, heating, ventilation and air-conditioning (HVAC) equipment, transportation systems including railway and traffic control solutions, and space and defense-related products.