Hitachi (OTCMKTS:HTHIY) Issues FY 2024 Earnings Guidance

Hitachi (OTCMKTS:HTHIY) issued an update on its FY 2024 earnings guidance on Friday morning. The company provided EPS guidance of 0.910-0.910 for the period. The company issued revenue guidance of $66.9 billion-$66.9 billion.

Hitachi Price Performance

HTHIY stock traded up $2.18 on Friday, hitting $49.56. 163,676 shares of the company were exchanged, compared to its average volume of 132,099. The stock has a market capitalization of $114.89 billion, a price-to-earnings ratio of 9.44, a price-to-earnings-growth ratio of 1.48 and a beta of 0.81. The business’s fifty day moving average is $50.27 and its two-hundred day moving average is $49.33. Hitachi has a twelve month low of $30.74 and a twelve month high of $56.65.

Hitachi (OTCMKTS:HTHIY) last released its quarterly earnings data on Friday, January 31st. The conglomerate reported $1.98 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $1.52. Hitachi had a return on equity of 11.60% and a net margin of 7.22%. Equities research analysts expect that Hitachi will post 1.79 earnings per share for the current 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.