Hitachi (HTHIY) Expected to Announce Quarterly Earnings on Wednesday

Hitachi (OTCMKTS:HTHIY) is expected to release its resultson Wednesday, July 29th. Analysts expect Hitachi to announce earnings of $0.21 per share and revenue of $15.5039 billion for the quarter.

Hitachi (OTCMKTS:HTHIY) last issued its quarterly earnings data on Monday, April 27th. The conglomerate reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.02. The company had revenue of $19.38 billion during the quarter, compared to analysts’ expectations of $19.44 billion. Hitachi had a return on equity of 12.50% and a net margin of 7.64%. On average, analysts expect Hitachi to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Hitachi Price Performance

Shares of OTCMKTS HTHIY opened at $30.36 on Tuesday. The firm has a market cap of $137.70 billion, a P/E ratio of 25.73, a price-to-earnings-growth ratio of 1.34 and a beta of 0.92. The company has a current ratio of 1.10, a quick ratio of 0.85 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. The business’s 50 day moving average is $30.16 and its 200-day moving average is $31.42.

Analysts Set New Price Targets

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

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.