Erste Group Bank Lowers Earnings Estimates for Hitachi

Hitachi Ltd. (OTCMKTS:HTHIY) – Erste Group Bank lowered their FY2027 earnings per share (EPS) estimates for Hitachi in a research note issued on Tuesday, May 12th. Erste Group Bank analyst S. Lingnau now anticipates that the conglomerate will earn $1.32 per share for the year, down from their prior forecast of $1.33. The consensus estimate for Hitachi’s current full-year earnings is $1.33 per share.

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

Separately, Nomura upgraded shares of Hitachi to a “strong-buy” rating in a report on Friday, February 13th. One investment analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Hitachi Price Performance

HTHIY opened at $31.20 on Wednesday. The firm has a market capitalization of $141.51 billion, a PE ratio of 26.44, a price-to-earnings-growth ratio of 0.88 and a beta of 0.91. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.08 and a quick ratio of 0.81. The business’s 50-day moving average is $30.95 and its two-hundred day moving average is $32.10. Hitachi has a 1 year low of $25.00 and a 1 year high of $39.00.

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.