Hitachi (OTCMKTS:HTHIY) Releases Earnings Results

Hitachi (OTCMKTS:HTHIY) issued its earnings results on Friday. The conglomerate reported $1.98 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $1.52, Zacks reports. Hitachi had a net margin of 7.22% and a return on equity of 11.60%. Hitachi updated its FY 2024 guidance to 0.910-0.910 EPS.

Hitachi Stock Performance

Shares of OTCMKTS:HTHIY opened at $51.20 on Friday. The stock has a market capitalization of $118.70 billion, a price-to-earnings ratio of 9.03, a price-to-earnings-growth ratio of 1.48 and a beta of 0.81. Hitachi has a 1-year low of $30.74 and a 1-year high of $56.65. The company’s fifty day moving average is $50.30 and its two-hundred day moving average is $49.37.

About Hitachi

Hitachi, Ltd. provides digital system and services, green energy and mobility, and connective industry solutions in Japan and internationally. It operates through seven segments: Digital Systems & Services, Green Energy & Mobility, Connective Industries, Automotive System, Hitachi Construction Machinery, Hitachi Metals, and Others.