Erste Group Bank Brokers Cut Earnings Estimates for Hitachi

Hitachi Ltd. (OTCMKTS:HTHIY) – Erste Group Bank reduced their FY2027 EPS estimates for shares of Hitachi in a note issued to investors on Friday, June 5th. Erste Group Bank analyst S. Lingnau now expects that the conglomerate will earn $1.28 per share for the year, down from their prior estimate of $1.32. The consensus estimate for Hitachi’s current full-year earnings is $1.31 per share. Erste Group Bank also issued estimates for Hitachi’s FY2028 earnings at $1.50 EPS.

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

Hitachi Stock Down 2.8%

Hitachi stock opened at $29.44 on Thursday. The stock has a market cap of $133.53 billion, a P/E ratio of 24.95, a P/E/G ratio of 1.32 and a beta of 0.90. 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 has a twelve month low of $25.00 and a twelve month high of $39.00. The company’s 50-day moving average price is $31.49 and its two-hundred day moving average price is $31.97.

Hitachi (OTCMKTS:HTHIY) last released its quarterly earnings results on Monday, April 27th. The conglomerate reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.02. The firm had revenue of $19.38 billion for 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.