Nippon Steel & Sumitomo Metal (OTCMKTS:NPSCY) Posts Quarterly Earnings Results, Misses Expectations By $0.01 EPS

Nippon Steel & Sumitomo Metal (OTCMKTS:NPSCY) announced its quarterly earnings results on Thursday. The company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.01), reports. Nippon Steel & Sumitomo Metal had a negative net margin of 0.42% and a negative return on equity of 0.61%. The business had revenue of $16.73 billion during the quarter, compared to the consensus estimate of $17.13 billion.

Nippon Steel & Sumitomo Metal Trading Down 7.3%

OTCMKTS:NPSCY traded down $0.32 during midday trading on Thursday, hitting $4.05. 147,315 shares of the company traded hands, compared to its average volume of 140,038. The firm has a market capitalization of $21.77 billion, a P/E ratio of -225.08 and a beta of 0.73. The firm’s fifty day moving average is $4.10 and its 200-day moving average is $5.19. Nippon Steel & Sumitomo Metal has a 12-month low of $3.66 and a 12-month high of $4.80. The company has a current ratio of 1.15, a quick ratio of 0.54 and a debt-to-equity ratio of 0.53.

Nippon Steel & Sumitomo Metal Company Profile

Nippon Steel & Sumitomo Metal Corporation is a major Japanese steel producer formed in 2012 through the merger of Nippon Steel and Sumitomo Metal. Headquartered in Tokyo, the company operates integrated steelmaking and rolling facilities and is widely recognized as one of the largest steel manufacturers in Japan and among the leading producers globally. Its business scope spans primary steel production, downstream processing, and a range of steel-related engineering and service activities.

The company’s product offering includes a broad portfolio of steel products such as hot- and cold-rolled flat products, plates, pipes and tubes, coated steels, stainless and specialty steels, and high-strength steels tailored for automotive, machinery, construction, energy and infrastructure applications.