Mitsubishi UFJ Financial Group (NYSE:MUFG) Announces Quarterly Earnings Results

Mitsubishi UFJ Financial Group (NYSE:MUFG) posted its earnings results on Tuesday. The company reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.09, Zacks reports. Mitsubishi UFJ Financial Group had a return on equity of 8.86% and a net margin of 13.89%.

Mitsubishi UFJ Financial Group Price Performance

MUFG stock opened at $12.50 on Tuesday. The firm has a 50 day moving average price of $11.97 and a 200-day moving average price of $11.09. The firm has a market capitalization of $150.79 billion, a price-to-earnings ratio of 12.25, a PEG ratio of 1.12 and a beta of 0.61. Mitsubishi UFJ Financial Group has a 52-week low of $8.75 and a 52-week high of $12.96. The company has a debt-to-equity ratio of 2.04, a quick ratio of 0.92 and a current ratio of 0.91.

Analysts Set New Price Targets

Separately, StockNews.com raised Mitsubishi UFJ Financial Group from a “sell” rating to a “hold” rating in a research note on Saturday, November 23rd.

About Mitsubishi UFJ Financial Group

Mitsubishi UFJ Financial Group, Inc operates as the bank holding company, that engages in a range of financial businesses in Japan, the United States, Europe, Asia/Oceania, and internationally. It operates through seven segments: Digital Service, Retail & Commercial Banking, Japanese Corporate & Investment Banking, Global Commercial Banking, Asset Management & Investor Services, Global Corporate & Investment Banking, and Global Markets.