Hitachi (HTHIY) Expected to Announce Earnings on Wednesday

Hitachi (OTCMKTS:HTHIY) is expected to be releasing its resultson Wednesday, July 29th. Analysts expect the company to post earnings of $0.21 per share and revenue of $15.47 billion for the quarter.

Hitachi (OTCMKTS:HTHIY) last released its earnings results on Monday, April 27th. The conglomerate reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.02. Hitachi had a net margin of 7.64% and a return on equity of 12.50%. The business had revenue of $19.38 billion for the quarter, compared to the consensus estimate of $19.44 billion. On average, analysts expect Hitachi to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Hitachi Price Performance

HTHIY stock opened at $29.65 on Monday. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.10 and a quick ratio of 0.85. The firm has a market capitalization of $134.48 billion, a P/E ratio of 25.13, a P/E/G ratio of 1.34 and a beta of 0.92. Hitachi has a 52-week low of $25.00 and a 52-week high of $39.00. The company’s 50 day simple moving average is $30.16 and its 200-day simple moving average is $31.44.

Analysts Set New Price Targets

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