Hitachi (OTCMKTS:HTHIY) Posts Earnings Results

Hitachi (OTCMKTS:HTHIY) announced its earnings results on Thursday. The conglomerate reported $0.24 EPS for the quarter, topping the consensus estimate of $0.23 by $0.01, Zacks reports. The firm had revenue of $17.68 billion for the quarter, compared to analysts’ expectations of $16.85 billion. Hitachi had a return on equity of 13.38% and a net margin of 8.05%.

Hitachi Stock Up 1.0%

HTHIY opened at $34.75 on Friday. Hitachi has a twelve month low of $18.30 and a twelve month high of $35.62. The firm has a market cap of $159.17 billion, a P/E ratio of 23.48, a price-to-earnings-growth ratio of 1.39 and a beta of 0.86. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.88 and a current ratio of 1.16. The business has a 50 day moving average price of $32.36 and a 200 day moving average price of $30.37.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Zacks Research upgraded shares of Hitachi from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 21st. Erste Group Bank upgraded shares of Hitachi to a “hold” rating in a research report on Friday, October 3rd. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Hitachi 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.