Hitachi (OTCMKTS:HTHIY) Releases Quarterly Earnings Results, Beats Estimates By $0.02 EPS

Hitachi (OTCMKTS:HTHIY) issued its earnings results on Monday. The conglomerate reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.02, Zacks reports. Hitachi had a net margin of 7.64% and a return on equity of 12.68%. The company had revenue of $19.38 billion for the quarter, compared to analyst estimates of $19.44 billion.

Hitachi Price Performance

OTCMKTS HTHIY opened at $31.36 on Wednesday. The company has a market capitalization of $142.24 billion, a PE ratio of 26.58, a price-to-earnings-growth ratio of 1.12 and a beta of 0.93. Hitachi has a 12-month low of $24.19 and a 12-month high of $39.00. The firm’s 50 day moving average is $31.11 and its 200-day moving average is $32.02. The company has a quick ratio of 0.81, a current ratio of 1.08 and a debt-to-equity ratio of 0.08.

Wall Street Analyst Weigh In

Separately, Nomura raised shares of Hitachi to a “strong-buy” rating in a research note on Friday, February 13th. One equities research analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

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.