Sumitomo (OTCMKTS:SSUMY) Posts Quarterly Earnings Results, Misses Expectations By $0.58 EPS

Sumitomo (OTCMKTS:SSUMY) released its quarterly earnings data on Friday. The conglomerate reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.58), Zacks reports. Sumitomo had a return on equity of 12.21% and a net margin of 8.19%.The company had revenue of $12.24 billion for the quarter, compared to analysts’ expectations of $11.48 billion.

Sumitomo Stock Performance

SSUMY opened at $10.38 on Friday. The stock has a market cap of $49.62 billion, a P/E ratio of 12.54, a P/E/G ratio of 0.90 and a beta of 0.58. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.38 and a quick ratio of 1.01. The stock’s 50 day simple moving average is $30.91 and its 200 day simple moving average is $36.78. Sumitomo has a 1-year low of $6.38 and a 1-year high of $12.21.

About Sumitomo

Sumitomo Corporation (OTCMKTS: SSUMY) is a global integrated trading and investment company headquartered in Japan. As one of the country’s major sogo shosha (general trading firms), Sumitomo operates a diversified business portfolio that spans trading, project development, equity investments and provision of services to industrial and consumer markets. The company acts as a commercial intermediary and strategic investor, linking producers, manufacturers and end users across international supply chains.

Sumitomo’s business activities cover a wide range of sectors, including metal products and mining, transportation and construction systems, infrastructure and real estate, energy and chemical products, electronics and digital solutions, and consumer goods and food.