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

ORIX (NYSE:IX) posted its quarterly earnings data 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 Price Performance

IX opened at $105.95 on Monday. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.40 and a quick ratio of 1.37. The company’s 50 day simple moving average is $106.91 and its 200-day simple moving average is $111.59. ORIX has a one year low of $90.57 and a one year high of $125.84. The stock has a market capitalization of $25.74 billion, a P/E ratio of 9.13, a price-to-earnings-growth ratio of 1.08 and a beta of 0.92.

Analysts Set New Price Targets

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

Insiders Place Their Bets

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

About ORIX

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.