Mitsubishi Electric (MIELY) Projected to Release Earnings on Friday

Mitsubishi Electric (OTCMKTS:MIELY) is anticipated to issue its resultson Friday, July 31st. Analysts expect the company to post earnings of $0.6310 per share and revenue of $8.6715 billion for the quarter.

Mitsubishi Electric Price Performance

Shares of OTCMKTS MIELY opened at $68.67 on Friday. Mitsubishi Electric has a 1-year low of $43.54 and a 1-year high of $86.00. The business’s fifty day moving average price is $73.94 and its two-hundred day moving average price is $71.84. The firm has a market capitalization of $72.56 billion, a PE ratio of 64.78 and a beta of 0.75.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded shares of Mitsubishi Electric from a “hold” rating to a “strong-buy” rating in a research report on Monday. One research analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Mitsubishi Electric presently has an average rating of “Moderate Buy”.

About Mitsubishi Electric

Mitsubishi Electric Corporation (OTCMKTS: MIELY) is a Tokyo-based multinational manufacturer of electrical and electronic equipment. Founded in 1921, the company is part of the broader Mitsubishi Group and has grown into a diversified industrial enterprise serving commercial, industrial and consumer markets. Mitsubishi Electric develops, manufactures and sells a wide range of products and systems used in building systems, factory automation, power generation and distribution, transportation, and information and communication infrastructure.

The company’s product and service portfolio includes air-conditioning and heating systems, elevators and escalators, factory automation and control equipment, power and electric systems, transportation systems and signaling for railways, and semiconductors and electronic devices.