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

Mitsubishi Estate (OTCMKTS:MITEY) issued an update on its FY 2024 earnings guidance on Thursday morning. The company provided earnings per share 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 OTCMKTS MITEY opened at $15.03 on Thursday. The firm’s 50 day simple moving average is $15.88 and its 200-day simple moving average is $16.39. Mitsubishi Estate has a 12 month low of $12.56 and a 12 month high of $20.40. The stock has a market capitalization of $19.11 billion, a price-to-earnings ratio of 16.37 and a beta of 0.48.

Mitsubishi Estate (OTCMKTS:MITEY) last posted its earnings results on Thursday, August 8th. The company reported $0.10 earnings per share (EPS) for the quarter. The business 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%.

Wall Street Analyst Weigh In

Separately, Citigroup raised Mitsubishi Estate to a “strong-buy” rating in a 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.