Erste Group Bank Forecasts Stronger Earnings for Hitachi

Key Points

• Erste Group Bank raised its FY2027 earnings estimate for Hitachi to $1.33 per share from $1.31, matching the current consensus estimate.
• The firm also projected FY2028 EPS of $1.53, signaling expectations for continued earnings growth.
• Hitachi recently reported Q4 earnings of $0.23 per share, beating estimates, while analysts’ overall stance remains Moderate Buy after a recent Nomura upgrade to Strong Buy.

Hitachi Ltd. (OTCMKTS:HTHIY - Free Report) - Equities research analysts at Erste Group Bank upped their FY2027 earnings estimates for Hitachi in a report released on Tuesday, May 5th. Erste Group Bank analyst S. Lingnau now expects that the conglomerate will post earnings per share of $1.33 for the year, up from their previous estimate of $1.31. The consensus estimate for Hitachi's current full-year earnings is $1.33 per share. Erste Group Bank also issued estimates for Hitachi's FY2028 earnings at $1.53 EPS.

Separately, Nomura upgraded Hitachi to a "strong-buy" rating in a research note on Friday, February 13th. One research analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy".

Hitachi Stock Performance

Shares of HTHIY opened at $31.90 on Monday. Hitachi has a 12 month low of $25.00 and a 12 month high of $39.00. The stock's 50-day moving average is $31.06 and its two-hundred day moving average is $32.09. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.08 and a quick ratio of 0.81. The stock has a market cap of $144.68 billion, a PE ratio of 27.03, a P/E/G ratio of 0.93 and a beta of 0.91.

Hitachi (OTCMKTS:HTHIY - Get Free Report) last announced its quarterly earnings results on Monday, April 27th. The conglomerate reported $0.23 earnings per share for the quarter, topping analysts' consensus estimates of $0.21 by $0.02. Hitachi had a net margin of 7.64% and a return on equity of 12.68%. The firm had revenue of $19.38 billion during the quarter, compared to analysts' expectations of $19.44 billion.

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.

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