Erste Group Bank Forecasts Weaker Earnings for Hitachi

Hitachi Ltd. (OTCMKTS:HTHIY) – Stock analysts at Erste Group Bank cut their FY2027 earnings per share estimates for Hitachi in a research report issued to clients and investors on Wednesday, July 15th. Erste Group Bank analyst S. Lingnau now anticipates that the conglomerate will post earnings per share of $1.26 for the year, down from their previous estimate of $1.27. The consensus estimate for Hitachi’s current full-year earnings is $1.27 per share.

Separately, Zacks Research downgraded shares of Hitachi from a “hold” rating to a “strong sell” rating in a report on Tuesday, June 30th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Hitachi presently has an average rating of “Hold”.

Hitachi Trading Down 0.7%

Shares of HTHIY opened at $29.18 on Friday. The firm has a market cap of $132.35 billion, a P/E ratio of 24.73, a price-to-earnings-growth ratio of 1.31 and a beta of 0.92. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.08 and a quick ratio of 0.81. Hitachi has a 1 year low of $25.00 and a 1 year high of $39.00. The company has a 50 day simple moving average of $30.28 and a two-hundred day simple moving average of $31.52.

Hitachi (OTCMKTS:HTHIY) last posted its quarterly earnings results on Monday, April 27th. The conglomerate reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.02. Hitachi had a return on equity of 12.68% and a net margin of 7.64%.The company had revenue of $19.38 billion for the quarter, compared to analysts’ expectations of $19.44 billion.

Hitachi Company Profile

Hitachi, Ltd. (OTCMKTS:HTHIY) is a Tokyo-headquartered multinational conglomerate that operates a diversified portfolio of businesses spanning information technology, energy and power systems, industrial machinery, transportation systems, and digital solutions. Founded in 1910 by engineer Namihei Odaira in the city of Hitachi, Ibaraki Prefecture, the company grew from an electrical repair shop and early induction motor manufacturing into a global engineering and technology group. Hitachi positions itself as a “social innovation” company, combining operational technology, information technology and domain knowledge to address infrastructure and industry challenges.

The company’s activities include design and manufacture of heavy industrial equipment and construction machinery, delivery of rail and urban transportation systems, development and provision of power generation and grid equipment, and enterprise IT services including systems integration and cloud solutions.