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

ORIX (NYSE:IX - Get Free Report) announced its quarterly earnings data on Monday. The real estate investment trust reported $2.56 earnings per share (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 Performance

IX stock traded up $2.93 during trading on Thursday, reaching $103.14. 40,163 shares of the stock were exchanged, compared to its average volume of 33,919. ORIX has a twelve month low of $90.57 and a twelve month high of $125.84. The company has a market capitalization of $25.06 billion, a P/E ratio of 8.89, a price-to-earnings-growth ratio of 1.08 and a beta of 0.92. The stock has a 50 day simple moving average of $106.26 and a 200-day simple moving average of $111.36. The company has a current ratio of 1.40, a quick ratio of 1.37 and a debt-to-equity ratio of 1.38.

Insider Buying and Selling at ORIX

In other ORIX news, major shareholder Corp Orix sold 3,700,000 shares of ORIX stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $75.38, for a total transaction of $278,906,000.00. Following the sale, the insider now directly owns 2,976,077 shares of the company's stock, valued at approximately $224,336,684.26. The trade was a 55.42 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.08% of the company's stock.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded ORIX from a "hold" rating to a "buy" rating in a report on Thursday.

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.