ORIX (NYSE:IX) Announces Quarterly Earnings Results

ORIX (NYSE:IX) announced its quarterly earnings data on Monday. The real estate investment trust reported $2.56 earnings per share for the quarter, beating the consensus estimate of $2.50 by $0.06, Zacks reports. ORIX had a return on equity of 10.01% and a net margin of 14.08%.

ORIX Trading Down 0.6 %

NYSE IX opened at $105.82 on Wednesday. The stock’s 50-day simple moving average is $106.76 and its two-hundred day simple moving average is $111.50. ORIX has a twelve month low of $90.57 and a twelve month high of $125.84. The company has a quick ratio of 1.37, a current ratio of 1.40 and a debt-to-equity ratio of 1.38. The company has a market capitalization of $25.71 billion, a price-to-earnings ratio of 9.12, a PEG ratio of 1.08 and a beta of 0.92.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered ORIX from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th.

Insider Transactions at ORIX

In other news, major shareholder Corp Orix sold 3,700,000 shares of ORIX stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $75.38, for a total value of $278,906,000.00. Following the transaction, the insider now owns 2,976,077 shares in the company, valued at approximately $224,336,684.26. The trade was a 55.42 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.08% of the company’s stock.

ORIX Company Profile

ORIX Corporation provides diversified financial services in Japan, the United States, Asia, Europe, Australasia, and the Middle East. The company's Corporate Financial Services and Maintenance Leasing segment is involved in the finance and fee; leasing and rental of automobiles, electronic measuring instruments, and ICT-related equipment businesses; and provision of life insurance and environment and energy-related products and services.