FY2027 EPS Estimates for Hitachi Reduced by Erste Group Bank

Hitachi Ltd. (OTCMKTS:HTHIY) – Equities research analysts at Erste Group Bank lowered their FY2027 earnings per share (EPS) estimates for shares of Hitachi in a research note issued to investors on Wednesday, July 15th. Erste Group Bank analyst S. Lingnau now anticipates that the conglomerate will post earnings of $1.26 per share for the year, down from their previous forecast of $1.27. The consensus estimate for Hitachi’s current full-year earnings is $1.27 per share.

Separately, Zacks Research lowered shares of Hitachi from a “hold” rating to a “strong sell” rating in a research report on Tuesday, June 30th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

Hitachi Price Performance

Shares of OTCMKTS HTHIY opened at $29.38 on Friday. The stock has a market cap of $133.25 billion, a P/E ratio of 24.90, a P/E/G ratio of 1.31 and a beta of 0.92. The firm’s 50-day simple moving average is $30.34 and its 200 day simple moving average is $31.54. Hitachi has a fifty-two week low of $25.00 and a fifty-two week high of $39.00. The company has a quick ratio of 0.81, a current ratio of 1.08 and a debt-to-equity ratio of 0.08.

Hitachi (OTCMKTS:HTHIY) last released its quarterly earnings results on Monday, April 27th. The conglomerate reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate 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 12.68% and a net margin of 7.64%.

About Hitachi

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.