Hitachi (OTCMKTS:HTHIY – Get Free Report) posted its quarterly earnings results on Wednesday. The conglomerate reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.01), Zacks reports. Hitachi had a return on equity of 10.94% and a net margin of 6.53%. The business had revenue of $18.40 billion during the quarter, compared to the consensus estimate of $18.51 billion.
Hitachi Stock Performance
Shares of Hitachi stock traded down $0.52 during trading on Friday, hitting $32.14. 36,088 shares of the stock were exchanged, compared to its average volume of 569,800. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.83 and a current ratio of 1.09. Hitachi has a 12 month low of $27.22 and a 12 month high of $39.00. The stock’s fifty day moving average is $35.02 and its 200 day moving average is $32.54. The stock has a market cap of $145.77 billion, a PE ratio of 30.32, a P/E/G ratio of 1.28 and a beta of 0.97.
Wall Street Analyst Weigh In
HTHIY has been the topic of a number of recent research reports. Sanford C. Bernstein initiated coverage on shares of Hitachi in a report on Tuesday, September 15th. They issued an “outperform” rating on the stock. Zacks Research raised Hitachi from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 2nd. Two investment analysts have rated the stock with a Strong Buy rating and one has given a Buy rating to the company’s stock. According to MarketBeat.com, Hitachi has a consensus rating of “Strong Buy”.
Check Out Our Latest Stock Report on HTHIY
About Hitachi
Hitachi, Ltd. is a Japanese technology and engineering company that develops digital, infrastructure and industrial solutions for customers worldwide. Founded in 1910 and headquartered in Tokyo, the company has evolved from an electrical equipment manufacturer into a diversified provider of systems and services supporting social infrastructure and business operations.
Hitachi’s principal activities include digital systems and services, energy systems, railway systems, industrial equipment and healthcare technology.
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