Orix Corp Ads (NYSE:IX) Sets New 12-Month High After Strong Earnings

by · The Cerbat Gem

Orix Corp Ads (NYSE:IX – Get Free Report) shares reached a new 52-week high during mid-day trading on Monday after the company announced better than expected quarterly earnings. The company traded as high as $38.56 and last traded at $36.9060, with a volume of 44742 shares. The stock had previously closed at $33.73.

The real estate investment trust reported $1.55 EPS for the quarter, topping the consensus estimate of $0.35 by $1.20. The company had revenue of $5.85 billion during the quarter, compared to analyst estimates of $2.63 billion. Orix Corp Ads had a return on equity of 10.69% and a net margin of 15.04%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on IX shares. Weiss Ratings restated a “buy (b)” rating on shares of Orix Corp Ads in a research note on Friday. Wall Street Zen lowered Orix Corp Ads from a “buy” rating to a “hold” rating in a research note on Saturday, February 7th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy”.

View Our Latest Analysis on IX

Institutional Investors Weigh In On Orix Corp Ads

A number of large investors have recently modified their holdings of IX. Atlas Capital Advisors Inc. acquired a new stake in shares of Orix Corp Ads in the fourth quarter valued at about $28,000. V Square Quantitative Management LLC acquired a new stake in Orix Corp Ads during the 4th quarter valued at approximately $34,000. Kestra Advisory Services LLC acquired a new stake in Orix Corp Ads during the 4th quarter valued at approximately $35,000. Global Retirement Partners LLC grew its stake in Orix Corp Ads by 58.2% during the 3rd quarter. Global Retirement Partners LLC now owns 1,444 shares of the real estate investment trust’s stock valued at $38,000 after purchasing an additional 531 shares in the last quarter. Finally, Geneos Wealth Management Inc. grew its stake in Orix Corp Ads by 4,325.5% during the 1st quarter. Geneos Wealth Management Inc. now owns 2,080 shares of the real estate investment trust’s stock valued at $43,000 after purchasing an additional 2,033 shares in the last quarter. Institutional investors and hedge funds own 1.73% of the company’s stock.

Orix Corp Ads Trading Up 8.8%

The business has a 50 day simple moving average of $31.39 and a two-hundred day simple moving average of $29.87. The company has a current ratio of 1.82, a quick ratio of 1.77 and a debt-to-equity ratio of 1.29. The stock has a market cap of $40.74 billion, a price-to-earnings ratio of 13.14, a price-to-earnings-growth ratio of 0.77 and a beta of 0.84.

About Orix Corp Ads

(Get Free Report)

ORIX Corporation ADS (NYSE: IX) is the American depositary share listing of ORIX Corporation, a diversified financial services group headquartered in Tokyo, Japan. The company operates across multiple business lines that include leasing and lending, real estate, investment and asset management, and a range of retail and corporate financial services. ORIX’s ADS program allows U.S. investors to access ownership in the Tokyo-based group through shares traded on the New York Stock Exchange.

Core activities include equipment leasing and installment financing for corporate customers, corporate lending and structured finance, and real estate development and property management.

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