Itochu (OTCMKTS:ITOCY) Issues Earnings Results

by · The Cerbat Gem

Itochu (OTCMKTS:ITOCY – Get Free Report) released its earnings results on Wednesday. The company reported $2.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.18 by ($0.10), Zacks reports. The business had revenue of $24.06 billion during the quarter, compared to analysts’ expectations of $24.65 billion.

Itochu Stock Performance

ITOCY traded up $2.57 during midday trading on Thursday, reaching $123.95. The company’s stock had a trading volume of 19,469 shares, compared to its average volume of 53,454. Itochu has a twelve month low of $79.12 and a twelve month high of $127.30. The stock has a market cap of $89.18 billion, a P/E ratio of 13.67 and a beta of 0.73. The company has a fifty day simple moving average of $114.92 and a 200 day simple moving average of $108.23. The company has a current ratio of 1.29, a quick ratio of 0.95 and a debt-to-equity ratio of 0.44.

Itochu Company Profile

(Get Free Report)

ITOCHU Corporation engages in trading and importing/exporting various products worldwide. The company’s Textile segment produces and sells raw materials, threads, and textiles; and garments, home furnishings, and industrial materials, as well as trades in industrial textile and lifestyle products. Its Machinery segment engages in the plants, bridges, railways, and other infrastructure; power generation, transmission, transformation, and sale; water, environment and waste-related; ship trading; renewable and alternative energy; and waste recycling businesses.

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