Hitachi (OTCMKTS:HTHIY) Posts Earnings Results, Beats Expectations By $0.01 EPS

Hitachi (OTCMKTS:HTHIY) posted its quarterly earnings data on Thursday. The conglomerate reported $0.24 EPS for the quarter, beating the consensus estimate of $0.23 by $0.01, Zacks reports. Hitachi had a return on equity of 13.10% and a net margin of 7.98%.The firm had revenue of $17.68 billion during the quarter, compared to the consensus estimate of $16.85 billion.

Hitachi Trading Up 1.6%

Hitachi stock traded up $0.55 during trading on Thursday, hitting $34.05. The company’s stock had a trading volume of 459,739 shares, compared to its average volume of 590,796. Hitachi has a 1-year low of $18.30 and a 1-year high of $35.62. The stock’s fifty day moving average is $32.19 and its 200 day moving average is $30.30. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.88 and a current ratio of 1.16. The stock has a market capitalization of $155.96 billion, a price-to-earnings ratio of 15.27, a P/E/G ratio of 1.34 and a beta of 0.86.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Erste Group Bank upgraded shares of Hitachi to a “hold” rating in a research note on Friday, October 3rd. Zacks Research upgraded Hitachi from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 21st. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Hold”.

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.