Hitachi (OTCMKTS:HTHIY) Announces Earnings Results, Beats Estimates By $0.01 EPS

by · The Cerbat Gem

Hitachi (OTCMKTS:HTHIY – Get Free Report) announced its quarterly earnings data on Thursday. The conglomerate reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.01, Zacks reports. The company had revenue of $17.68 billion during the quarter, compared to analysts’ expectations of $16.85 billion. Hitachi had a net margin of 7.98% and a return on equity of 13.10%.

Hitachi Stock Up 1.6%

Shares of Hitachi stock traded up $0.55 during trading hours on Thursday, hitting $34.05. The company had a trading volume of 459,739 shares, compared to its average volume of 590,796. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.16 and a quick ratio of 0.88. The company’s 50-day moving average is $32.19 and its two-hundred day moving average is $30.30. The company has a market cap of $155.96 billion, a P/E ratio of 15.27, a price-to-earnings-growth ratio of 1.34 and a beta of 0.86. Hitachi has a twelve month low of $18.30 and a twelve month high of $35.62.

Analyst Ratings Changes

A number of research firms have recently weighed in on HTHIY. Zacks Research upgraded Hitachi from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 21st. Erste Group Bank raised shares of Hitachi to a “hold” rating in a research note on Friday, October 3rd. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Read Our Latest Stock Report on Hitachi

Hitachi Company Profile

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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.

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