Sumitomo (OTCMKTS:SSUMY) Releases Earnings Results, Misses Expectations By $0.02 EPS

Sumitomo (OTCMKTS:SSUMY) released its earnings results on Monday. The conglomerate reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.02), Zacks reports. Sumitomo had a net margin of 8.23% and a return on equity of 12.71%.

Sumitomo Stock Performance

Shares of SSUMY opened at $10.63 on Monday. Sumitomo has a 12 month low of $7.14 and a 12 month high of $12.45. The stock has a fifty day moving average price of $11.25 and a 200-day moving average price of $28.46. The company has a current ratio of 1.34, a quick ratio of 0.94 and a debt-to-equity ratio of 0.69. The firm has a market cap of $50.84 billion, a PE ratio of 12.77, a P/E/G ratio of 0.77 and a beta of 0.60.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised Sumitomo from a “hold” rating to a “strong-buy” rating in a report on Monday, September 7th. One research analyst has rated the stock with a Strong Buy rating. According to data from MarketBeat, Sumitomo has a consensus rating of “Strong Buy”.

Sumitomo Company Profile

Sumitomo Corporation (OTCMKTS: SSUMY) is a Japan-based global trading and business investment company. It develops and manages businesses across a broad range of industries, connecting suppliers, manufacturers, service providers and customers through international networks and operating companies.

The company’s activities include metal products, transportation and infrastructure, construction systems, urban development, media and digital services, lifestyle-related businesses, mineral resources, energy transformation, and chemicals.