FY2028 EPS Estimates for Hitachi Boosted by Erste Group Bank

Hitachi Ltd. (OTCMKTS:HTHIY) – Research analysts at Erste Group Bank raised their FY2028 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 per share of $1.50 for the year, up from their prior estimate of $1.48. 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 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 given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold”.

Hitachi Trading Up 0.1%

OTCMKTS:HTHIY opened at $29.20 on Monday. The company’s 50 day moving average price is $30.24 and its 200-day moving average price is $31.51. Hitachi has a 52 week low of $25.00 and a 52 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. The stock has a market cap of $132.44 billion, a price-to-earnings ratio of 24.75, a PEG ratio of 1.31 and a beta of 0.92.

Hitachi (OTCMKTS:HTHIY) last issued its 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 business had revenue of $19.38 billion during the quarter, compared to analysts’ expectations of $19.44 billion. Hitachi had a net margin of 7.64% and a return on equity of 12.68%.

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.