Hitachi (HTHIY) Expected to Announce Earnings on Friday

Hitachi (OTCMKTS:HTHIY) is expected to post 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 issued its quarterly earnings results on Thursday, October 30th. The conglomerate reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.21. The company had revenue of $16.65 billion for the quarter, compared to analysts’ expectations of $2,463.27 billion. Hitachi had a return on equity of 13.10% and a net margin of 7.98%. 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 0.2%

HTHIY stock opened at $33.52 on Friday. Hitachi has a 52 week low of $18.30 and a 52 week high of $35.62. The business has a 50-day simple moving average of $32.07 and a 200 day simple moving average of $30.13. The company has a quick ratio of 0.88, a current ratio of 1.16 and a debt-to-equity ratio of 0.13. The company has a market cap of $153.53 billion, a PE ratio of 15.03, a price-to-earnings-growth ratio of 1.35 and a beta of 0.86.

Wall Street Analysts Forecast Growth

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