Erste Group Bank Brokers Cut Earnings Estimates for Hitachi

Hitachi Ltd. (OTCMKTS:HTHIY) – Erste Group Bank decreased their FY2027 EPS estimates for shares of Hitachi in a research note issued to investors on Friday, June 5th. Erste Group Bank analyst S. Lingnau now expects that the conglomerate will post earnings per share of $1.28 for the year, down from their previous estimate of $1.32. The consensus estimate for Hitachi’s current full-year earnings is $1.31 per share. Erste Group Bank also issued estimates for Hitachi’s FY2028 earnings at $1.50 EPS.

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

Hitachi Stock Performance

OTCMKTS HTHIY opened at $29.44 on Thursday. 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 market capitalization of $133.53 billion, a price-to-earnings ratio of 24.95, a P/E/G ratio of 1.32 and a beta of 0.90. The firm’s 50 day simple moving average is $31.49 and its 200 day simple moving average is $31.97. Hitachi has a 1 year low of $25.00 and a 1 year high of $39.00.

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

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.