Mitsubishi Heavy Industries (OTCMKTS:MHVYF) Posts Earnings Results, Beats Expectations By $0.09 EPS

Mitsubishi Heavy Industries (OTCMKTS:MHVYF) released its quarterly earnings data on Tuesday. The company reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.09, Zacks reports. The firm had revenue of $7.34 billion during the quarter, compared to analysts’ expectations of $7.09 billion. Mitsubishi Heavy Industries had a net margin of 7.04% and a return on equity of 13.20%.

Mitsubishi Heavy Industries Price Performance

Shares of OTCMKTS:MHVYF opened at $25.10 on Thursday. Mitsubishi Heavy Industries has a one year low of $20.59 and a one year high of $34.50. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.28 and a quick ratio of 1.03. The company has a market cap of $84.68 billion, a price-to-earnings ratio of 33.03 and a beta of 0.50. The firm has a 50 day simple moving average of $23.51 and a 200 day simple moving average of $27.48.

About Mitsubishi Heavy Industries

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.