ORIX (IX) to Release Earnings on Wednesday

ORIX (NYSE:IX - Get Free Report) will likely be posting its quarterly earnings results before the market opens on Wednesday, February 5th. Analysts expect ORIX to post earnings of $2.50 per share for the quarter. Persons interested in participating in the company's earnings conference call can do so using this link.

ORIX (NYSE:IX - Get Free Report) last posted its earnings results on Friday, November 8th. The real estate investment trust reported $2.82 EPS for the quarter, topping the consensus estimate of $2.50 by $0.32. ORIX had a net margin of 14.08% and a return on equity of 10.01%. The business had revenue of $4.67 billion for the quarter. During the same quarter in the prior year, the business earned $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 Trading Down 1.6 %

NYSE IX traded down $1.74 on Friday, hitting $105.68. The company's stock had a trading volume of 28,415 shares, compared to its average volume of 30,344. The company's 50-day moving average is $107.25 and its 200 day moving average is $112.07. The firm has a market cap of $24.54 billion, a PE ratio of 9.11, a PEG ratio of 1.07 and a beta of 0.92. ORIX has a 1-year low of $90.57 and a 1-year high of $125.84. The company has a quick ratio of 1.37, a current ratio of 1.40 and a debt-to-equity ratio of 1.38.

Insider Transactions at ORIX

In other news, major shareholder Corp Orix sold 3,700,000 shares of the stock in a transaction on 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 completion of the sale, the insider now directly owns 2,976,077 shares in the company, valued at $224,336,684.26. This represents a 55.42 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.08% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

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

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.