Hitachi (HTHIY) Projected to Post Earnings on Friday

Hitachi (OTCMKTS:HTHIY) is projected to release its results before the market opens on Friday, January 30th. Analysts expect Hitachi to post earnings of $0.23 per share and revenue of $16.8545 billion for the quarter.

Hitachi (OTCMKTS:HTHIY) last announced its quarterly earnings results on Thursday, October 30th. The conglomerate reported $0.42 EPS for the quarter, beating the consensus estimate of $0.21 by $0.21. The company had revenue of $16.65 billion for the quarter, compared to analyst estimates of $2,463.27 billion. Hitachi had a net margin of 7.98% and a return on equity of 13.10%. On average, analysts expect Hitachi to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Hitachi Stock Up 0.5%

Shares of OTCMKTS:HTHIY opened at $33.21 on Wednesday. The firm has a 50 day simple moving average of $32.13 and a 200-day simple moving average of $30.28. Hitachi has a twelve month low of $18.30 and a twelve month high of $35.62. The company has a current ratio of 1.16, a quick ratio of 0.88 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $152.11 billion, a PE ratio of 14.89, a P/E/G ratio of 1.33 and a beta of 0.86.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on HTHIY shares. Erste Group Bank raised shares of Hitachi to a “hold” rating in a research report on Friday, October 3rd. Zacks Research upgraded Hitachi from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 21st. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Hold”.

About Hitachi

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.