Hitachi (HTHIY) Projected to Release Earnings on Wednesday

Hitachi (OTCMKTS:HTHIY) is expected to be issuing its resultson Wednesday, July 29th. Analysts expect the company to post earnings of $0.21 per share and revenue of $15.5039 billion for the quarter.

Hitachi (OTCMKTS:HTHIY) last issued its quarterly earnings data on Monday, April 27th. The conglomerate reported $0.23 EPS for the quarter, beating the consensus estimate of $0.21 by $0.02. The firm had revenue of $19.38 billion during the quarter, compared to the consensus estimate of $19.44 billion. Hitachi had a net margin of 7.64% and a return on equity of 12.68%. On average, analysts expect Hitachi to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Hitachi Stock Performance

Hitachi stock opened at $29.60 on Wednesday. The company has a current ratio of 1.08, a quick ratio of 0.81 and a debt-to-equity ratio of 0.08. The firm has a 50-day moving average of $30.20 and a 200-day moving average of $31.50. The firm has a market cap of $134.25 billion, a P/E ratio of 25.08, a P/E/G ratio of 1.32 and a beta of 0.92. Hitachi has a 1-year low of $25.00 and a 1-year high of $39.00.

Wall Street Analyst Weigh In

Separately, Zacks Research lowered Hitachi from a “hold” rating to a “strong sell” rating in a research report on Tuesday, June 30th. One analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold”.

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.