Mitsubishi Estate (OTCMKTS:MITEY) Updates FY 2023 Earnings Guidance

Mitsubishi Estate (OTCMKTS:MITEYGet Rating) issued an update on its FY 2023 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $1.07-$1.07 for the period. The company issued revenue guidance of $12.19 billion-$12.19 billion.

Shares of MITEY opened at $15.45 on Friday. Mitsubishi Estate has a 12-month low of $13.16 and a 12-month high of $18.50. The business has a 50-day simple moving average of $14.57 and a two-hundred day simple moving average of $14.43. The company has a quick ratio of 1.35, a current ratio of 1.87 and a debt-to-equity ratio of 1.30. The stock has a market cap of $21.49 billion, a PE ratio of 15.44 and a beta of 0.52.

Several research analysts have issued reports on MITEY shares. Zacks Investment Research upgraded Mitsubishi Estate from a hold rating to a buy rating and set a $17.00 price target on the stock in a report on Saturday, April 2nd. CLSA downgraded Mitsubishi Estate from a buy rating to an underperform rating in a research report on Tuesday, April 12th.

Mitsubishi Estate Company Profile (Get Rating)

Mitsubishi Estate Co, Ltd. engages in the real estate activities in Japan and internationally. The company is involved in the development, leasing, property management, and sale of office buildings; planning, development, and tenant leasing of retail facilities/outlets; investment, development, operational management, and asset management of logistics facilities; operation of 16 hotels under the Royal Park Hotels brand in Japan and the Marunouchi Hotel in the Marunouchi area; and operation of Takamatsu Airport, Miyako Shimojishima Airport Terminal, Mt.

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