Mitsubishi Estate (OTCMKTS:MITEY) Releases FY 2022 Earnings Guidance

Mitsubishi Estate (OTCMKTS:MITEY) issued an update on its FY 2022 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $0.970-$0.970 for the period. The company issued revenue guidance of $12.07 billion-$12.07 billion.

Shares of OTCMKTS MITEY traded down $0.06 during trading hours on Thursday, hitting $14.29. The company had a trading volume of 75,514 shares, compared to its average volume of 50,091. The stock has a market capitalization of $19.88 billion, a P/E ratio of 14.58 and a beta of 0.63. The company has a quick ratio of 1.17, a current ratio of 1.61 and a debt-to-equity ratio of 1.27. Mitsubishi Estate has a 1-year low of $13.79 and a 1-year high of $18.76. The firm’s 50 day moving average is $15.36 and its 200-day moving average is $15.93.

Mitsubishi Estate (OTCMKTS:MITEY) last released its quarterly earnings data on Wednesday, November 10th. The company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.05). Mitsubishi Estate had a net margin of 11.16% and a return on equity of 6.82%. On average, sell-side analysts predict that Mitsubishi Estate will post 0.97 earnings per share for the current year.

Separately, Zacks Investment Research downgraded Mitsubishi Estate from a buy rating to a hold rating in a report on Wednesday, August 11th.

About Mitsubishi Estate

Mitsubishi Estate Co, Ltd. engages in the real estate business. It operates through the following segments: Commercial Property, Residential, International, Investment Management, Architectural Design and Engineering; and Real Estate Services, and Other. The Commercial Property segment includes office building, retail facility, outlet mall, logistics facility, hotel, and airport operations.

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