ORIX (IX) to Release Quarterly Earnings on Wednesday

ORIX (NYSE:IX) will likely be announcing its earnings results before the market opens on Wednesday, February 5th. Analysts expect the company to announce earnings of $2.50 per share for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

ORIX (NYSE:IX) last issued its quarterly earnings results on Friday, November 8th. The real estate investment trust reported $2.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.50 by $0.32. ORIX had a return on equity of 10.01% and a net margin of 14.08%. The firm had revenue of $4.67 billion during the quarter. During the same period in the previous year, the business posted $1.94 earnings per share. On average, analysts expect ORIX to post $11 EPS for the current fiscal year and $12 EPS for the next fiscal year.

ORIX Stock Down 1.6 %

IX opened at $105.68 on Monday. The company has a debt-to-equity ratio of 1.38, a quick ratio of 1.37 and a current ratio of 1.40. The company has a market capitalization of $24.54 billion, a PE ratio of 9.11, a P/E/G ratio of 1.07 and a beta of 0.92. The stock’s fifty day moving average is $107.25 and its 200-day moving average is $112.03. ORIX has a one year low of $90.57 and a one year high of $125.84.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In related news, major shareholder Corp Orix sold 3,700,000 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, the insider now directly owns 2,976,077 shares in the company, valued at approximately $224,336,684.26. The trade was a 55.42 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.08% of the stock is currently owned by insiders.

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.