FY2018 EPS Estimates for Hitachi Chemical Reduced by Jefferies Group (OTCMKTS:HCHMY)

Hitachi Chemical (OTCMKTS:HCHMY) – Investment analysts at Jefferies Group dropped their FY2018 earnings estimates for shares of Hitachi Chemical in a report released on Tuesday, according to Zacks Investment Research. Jefferies Group analyst Y. Azuma now expects that the company will earn $3.27 per share for the year, down from their prior forecast of $4.11. Jefferies Group also issued estimates for Hitachi Chemical’s FY2019 earnings at $3.89 EPS, FY2020 earnings at $4.23 EPS and FY2021 earnings at $4.23 EPS.

Separately, Zacks Investment Research lowered Hitachi Chemical from a “hold” rating to a “strong sell” rating in a research report on Thursday, February 8th.

Hitachi Chemical (HCHMY) traded down $0.56 on Thursday, hitting $52.81. The stock had a trading volume of 500 shares, compared to its average volume of 267. Hitachi Chemical has a 1-year low of $50.56 and a 1-year high of $60.94. The stock has a market capitalization of $4,630.89, a price-to-earnings ratio of 11.37 and a beta of 0.50. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.34 and a current ratio of 1.77.

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Hitachi Chemical Company Profile

Hitachi Chemical Company, Ltd., together with its subsidiaries, manufactures and sells functional materials, and advanced components and systems in Japan and internationally. The company offers semiconductor related materials, including chemical mechanical planarization slurry, high heat resistant fine polyimides, photosensitive insulation coatings, die bonding pastes and films, epoxy molding compounds, liquid encapsulants, cleaning sheets, high heat resistant coating materials, map molding support tapes, release sheets, and dicing films; and display and touch panel related materials, such as anisotropic conductive films, transparent conductive transfer films, and adhesive films for displays.

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