Hitachi (OTCMKTS:HTHIY) Releases Earnings Results, Misses Expectations By $0.01 EPS

Hitachi (OTCMKTS:HTHIY) released its earnings results 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.

Hitachi Stock Down 4.8%

HTHIY traded down $1.72 during trading hours on Wednesday, reaching $34.30. The company’s stock had a trading volume of 46,902 shares, compared to its average volume of 560,460. The company’s 50-day moving average is $34.99 and its 200-day moving average is $32.53. Hitachi has a 52 week low of $27.22 and a 52 week high of $39.00.

Wall Street Analysts Forecast Growth

HTHIY has been the topic of several recent analyst reports. Sanford C. Bernstein initiated coverage on Hitachi in a research report on Tuesday, September 15th. They set an “outperform” rating on the stock. Zacks Research raised Hitachi from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 2nd. Two equities research analysts have rated the stock with a Strong Buy rating and one has issued a Buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Strong Buy”.

Hitachi Company Profile

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.