Hitachi (OTCMKTS:HTHIY – Get Free Report) issued its quarterly earnings data on Wednesday. The conglomerate reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.01), Zacks reports. The business had revenue of $18.40 billion during the quarter, compared to analyst estimates of $18.51 billion. Hitachi had a net margin of 7.30% and a return on equity of 12.07%.
Hitachi Stock Performance
Shares of Hitachi stock opened at $36.55 on Thursday. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.09 and a quick ratio of 0.83. Hitachi has a fifty-two week low of $27.22 and a fifty-two week high of $39.00. The company’s 50 day moving average price is $35.03 and its two-hundred day moving average price is $32.55. The firm has a market capitalization of $165.77 billion, a P/E ratio of 31.51, a P/E/G ratio of 1.25 and a beta of 0.97.
Analysts Set New Price Targets
HTHIY has been the topic of a number of analyst reports. Sanford C. Bernstein assumed coverage on Hitachi in a research note on Tuesday, September 15th. They set an “outperform” rating on the stock. Zacks Research raised shares of Hitachi from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 2nd. Two investment analysts have rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Strong Buy”.
Get Our Latest Stock Analysis on Hitachi
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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