ORIX (NYSE:IX) Announces Earnings Results

ORIX (NYSE:IX) issued its earnings results on Monday. The real estate investment trust reported $2.56 EPS for the quarter, topping the consensus estimate 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 Stock Down 0.8 %

NYSE:IX opened at $105.95 on Monday. The firm has a market capitalization of $25.74 billion, a PE ratio of 9.13, a price-to-earnings-growth ratio of 1.08 and a beta of 0.92. ORIX has a 52 week low of $90.57 and a 52 week 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 $106.91 and a 200-day moving average of $111.59.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In related news, major shareholder Corp Orix sold 3,700,000 shares of ORIX 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 sale, the insider now directly owns 2,976,077 shares in the company, valued at $224,336,684.26. This trade represents a 55.42 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.08% of the company’s stock.

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.