Marubeni (OTCMKTS:MARUY) Releases Earnings Results, Beats Expectations By $0.09 EPS

Marubeni (OTCMKTS:MARUY) issued its earnings results on Monday. The conglomerate reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.09, Zacks reports. The company had revenue of $16.66 billion during the quarter, compared to analysts’ expectations of $13.80 billion. Marubeni had a return on equity of 13.11% and a net margin of 6.60%.

Marubeni Price Performance

MARUY stock opened at $32.30 on Tuesday. The stock has a market capitalization of $53.64 billion, a price-to-earnings ratio of 14.66, a PEG ratio of 1.76 and a beta of 0.52. The firm’s 50-day moving average price is $201.50 and its two-hundred day moving average price is $303.59. The company has a current ratio of 1.37, a quick ratio of 0.99 and a debt-to-equity ratio of 0.43. Marubeni has a 12-month low of $20.28 and a 12-month high of $42.61.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group cut Marubeni from a “buy” rating to a “neutral” rating in a research note on Wednesday, May 6th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Marubeni presently has an average rating of “Hold”.

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.