Hitachi (OTCMKTS:HTHIY) Releases FY 2024 Earnings Guidance

Hitachi (OTCMKTS:HTHIY - Get Free Report) issued an update on its FY 2024 earnings guidance on Wednesday. The company provided EPS guidance of 0.930-0.930 for the period. The company issued revenue guidance of $65.4 billion-$65.4 billion.

Hitachi Trading Down 8.7 %

OTCMKTS HTHIY traded down $4.58 during trading hours on Wednesday, reaching $48.15. The company's stock had a trading volume of 200,691 shares, compared to its average volume of 204,553. The firm has a fifty day simple moving average of $50.67 and a 200-day simple moving average of $55.25. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.22 and a quick ratio of 0.90. Hitachi has a 52 week low of $25.05 and a 52 week high of $56.65. The stock has a market cap of $111.63 billion, a P/E ratio of 15.55, a P/E/G ratio of 1.35 and a beta of 0.82.

Hitachi (OTCMKTS:HTHIY - Get Free Report) last posted its quarterly earnings data on Wednesday, July 31st. The conglomerate reported $2.43 earnings per share for the quarter, beating analysts' consensus estimates of $0.28 by $2.15. The business had revenue of $14.19 billion during the quarter. Hitachi had a return on equity of 11.90% and a net margin of 7.21%. Equities analysts forecast that Hitachi will post 2.1 earnings per share for the current fiscal year.

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.