Itochu (ITOCY) to Release Earnings on Friday

Itochu (OTCMKTS:ITOCY - Get Free Report) is expected to be releasing its resultson Friday, May 1st. Analysts expect Itochu to post earnings of $0.1916 per share and revenue of $28.3988 billion for the quarter.Itochu Stock Down 0.3%OTCMKTS:ITOCY opened at $12.04 on Friday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.96 and a current ratio of 1.30. The company has a market cap of $95.41 billion, a PE ratio of 12.81 and a beta of 0.70. Itochu has a 52-week low of $9.75 and a 52-week high of $15.10. The stock has a 50-day simple moving average of $13.17 and a 200 day simple moving average of $61.59. Wall Street Analysts Forecast GrowthA number of research firms recently issued reports on ITOCY. The Goldman Sachs Group began coverage on Itochu in a report on Tuesday, January 6th. They set a "buy" rating for the company. Nomura upgraded Itochu to a "strong-buy" rating in a report on Wednesday, February 25th. Daiwa Securities Group upgraded Itochu to a "strong-buy" rating in a report on Friday, February 27th. Finally, Zacks Research upgraded Itochu to a "hold" rating in a report on Monday, January 12th. Two analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of "Buy".Get Our Latest Stock Analysis on ItochuInstitutional Inflows and OutflowsA hedge fund recently bought a new stake in Itochu stock. Aristotle Capital Management LLC purchased a new stake in Itochu Corp. (OTCMKTS:ITOCY - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 11,762 shares of the company's stock, valued at approximately $1,487,000. 0.08% of the stock is owned by institutional investors. About Itochu (Get Free Report)Itochu Corporation is a major Japanese trading company (sogo shosha) that operates a diversified global business spanning trading, investment and services. The company traces its roots to the 19th century and has evolved from a textile trading firm into a broad-based commercial and investment group. Its American Depositary Receipts trade over the counter under the symbol ITOCY. Itochu conducts commodity and product trading across a wide range of sectors including textiles and apparel, machinery, metals and minerals, energy and chemicals, food and consumer products, information and communications technology, and real estate.Further ReadingFive stocks we like better than ItochuThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Itochu Right Now?Before you consider Itochu, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Itochu wasn't on the list.While Itochu currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here