FY2028 EPS Estimates for Hitachi Lifted by Erste Group Bank

Key Points

• Erste Group Bank raised Hitachi’s FY2028 EPS forecast to $1.55 from $1.50, above the broader consensus estimate of $1.23.
• Hitachi beat quarterly expectations, reporting EPS of $0.27 versus the $0.21 consensus and revenue of $16.53 billion compared with estimates of $15.50 billion.
• Zacks upgraded Hitachi from “Strong Sell” to “Hold,” while the overall analyst consensus remains “Moderate Buy.”

Hitachi Ltd. (OTCMKTS:HTHIY - Free Report) - Erste Group Bank lifted their FY2028 earnings per share (EPS) estimates for Hitachi in a research report issued on Wednesday, August 5th. Erste Group Bank analyst S. Lingnau now expects that the conglomerate will post earnings per share of $1.55 for the year, up from their prior forecast of $1.50. The consensus estimate for Hitachi's current full-year earnings is $1.23 per share.

Hitachi (OTCMKTS:HTHIY - Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The conglomerate reported $0.27 EPS for the quarter, topping analysts' consensus estimates of $0.21 by $0.06. Hitachi had a net margin of 7.30% and a return on equity of 12.02%. The business had revenue of $16.53 billion for the quarter, compared to analyst estimates of $15.50 billion. Hitachi has set its FY 2026 guidance at 1.257-1.257 EPS.

Separately, Zacks Research upgraded Hitachi from a "strong sell" rating to a "hold" rating in a research report on Tuesday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy".

Hitachi Stock Performance

Shares of Hitachi stock opened at $35.19 on Tuesday. The company's 50 day moving average price is $30.53 and its two-hundred day moving average price is $31.44. The firm has a market capitalization of $159.61 billion, a P/E ratio of 30.34, a P/E/G ratio of 1.67 and a beta of 0.91. Hitachi has a fifty-two week low of $25.00 and a fifty-two week high of $39.00. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.10 and a quick ratio of 0.85.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source