Mitsubishi Estate (OTCMKTS:MITEY) Releases FY 2024 Earnings Guidance

Mitsubishi Estate (OTCMKTS:MITEY) updated its FY 2024 earnings guidance on Thursday. The company provided EPS guidance of 0.930-0.930 for the period. The company issued revenue guidance of $10.7 billion-$10.7 billion.

Mitsubishi Estate Price Performance

Shares of MITEY stock opened at $15.03 on Thursday. The company has a market cap of $19.11 billion, a price-to-earnings ratio of 16.37 and a beta of 0.48. The stock’s fifty day moving average price is $15.88 and its 200 day moving average price is $16.39. Mitsubishi Estate has a 1-year low of $12.56 and a 1-year high of $20.40.

Mitsubishi Estate (OTCMKTS:MITEY) last released its earnings results on Thursday, August 8th. The company reported $0.10 earnings per share for the quarter. The company had revenue of $2.11 billion for the quarter. Mitsubishi Estate had a net margin of 11.38% and a return on equity of 5.47%.

Analysts Set New Price Targets

Separately, Citigroup raised Mitsubishi Estate to a “strong-buy” rating in a research report on Friday, August 16th.

Mitsubishi Estate Company Profile

Mitsubishi Estate Co, Ltd. engages in the real estate activities in Japan and internationally. The company develops, leases, manages, and sells office buildings and commercial facilities; operates rental offices, coworking space, virtual offices, hourly meeting rooms, home delivery storage service, commercial nursing homes, and building garages; offers real estate management, as well as building management services, such as security, facility management, cleaning, and planting services; and operates hotels and airports.