FY2027 EPS Estimates for Hitachi Reduced by Erste Group Bank

Hitachi Ltd. (OTCMKTS:HTHIY) – Equities research analysts at Erste Group Bank dropped their FY2027 earnings per share estimates for shares of Hitachi in a research report issued on Wednesday, July 15th. Erste Group Bank analyst S. Lingnau now anticipates that the conglomerate will post earnings per share of $1.26 for the year, down from their prior forecast of $1.27. The consensus estimate for Hitachi’s current full-year earnings is $1.27 per share.

Separately, Zacks Research lowered shares of Hitachi from a “hold” rating to a “strong sell” rating in a research report on Tuesday, June 30th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold”.

Hitachi Trading Down 0.7%

Shares of Hitachi stock opened at $29.18 on Friday. The company’s fifty day simple moving average is $30.28 and its 200-day simple moving average is $31.52. The company has a market cap of $132.35 billion, a price-to-earnings ratio of 24.73, a PEG ratio of 1.32 and a beta of 0.92. The company has a current ratio of 1.08, a quick ratio of 0.81 and a debt-to-equity ratio of 0.08. Hitachi has a 1 year low of $25.00 and a 1 year high of $39.00.

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

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.