ORIX (NYSE:IX) Announces Earnings Results, Beats Estimates By $0.06 EPS

ORIX (NYSE:IX) announced its earnings results on Monday. The real estate investment trust reported $2.56 EPS for the quarter, topping analysts’ consensus estimates 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 %

IX opened at $105.82 on Wednesday. The firm has a market cap of $25.71 billion, a P/E ratio of 9.12, a P/E/G ratio of 1.08 and a beta of 0.92. ORIX has a 12 month low of $90.57 and a 12 month high of $125.84. The company has a current ratio of 1.40, a quick ratio of 1.37 and a debt-to-equity ratio of 1.38. The stock has a 50-day moving average of $106.76 and a 200 day moving average of $111.50.

Insider Buying and Selling

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

Wall Street Analyst Weigh In

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

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.