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

ORIX (NYSE:IX) released 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 net margin of 14.08% and a return on equity of 10.01%.

ORIX Trading Down 0.8 %

Shares of NYSE IX opened at $105.95 on Monday. The company has a quick ratio of 1.37, a current ratio of 1.40 and a debt-to-equity ratio of 1.38. ORIX has a 12 month low of $90.57 and a 12 month high of $125.84. The company has a market cap of $25.74 billion, a price-to-earnings ratio of 9.13, a P/E/G ratio of 1.08 and a beta of 0.92. The business has a fifty day simple moving average of $106.91 and a 200-day simple moving average of $111.59.

Analyst Ratings Changes

Separately, StockNews.com cut 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 firm’s stock in a transaction that occurred on 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 transaction, the insider now owns 2,976,077 shares of the company’s stock, valued at approximately $224,336,684.26. This trade 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. 0.08% of the stock is currently owned by company insiders.

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.