Sumitomo (OTCMKTS:SSUMY – Get Free Report) updated its FY 2026 earnings guidance on Tuesday morning. The company provided earnings per share guidance of 0.220-0.220 for the period, compared to the consensus estimate of 3.050.
Analysts Set New Price Targets
Separately, Zacks Research raised Sumitomo from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 7th. One analyst has rated the stock with a Strong Buy rating. According to MarketBeat, the company currently has an average rating of “Strong Buy”.
Read Our Latest Stock Analysis on SSUMY
Sumitomo Stock Performance
OTCMKTS:SSUMY opened at $10.61 on Tuesday. The company has a quick ratio of 0.94, a current ratio of 1.34 and a debt-to-equity ratio of 0.69. Sumitomo has a twelve month low of $7.14 and a twelve month high of $12.45. The company has a fifty day moving average of $11.25 and a 200-day moving average of $28.32. The firm has a market capitalization of $50.72 billion, a P/E ratio of 13.39, a P/E/G ratio of 0.80 and a beta of 0.60.
Sumitomo (OTCMKTS:SSUMY – Get Free Report) last issued its earnings results on Monday, November 2nd. The conglomerate reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.02). The company had revenue of $12.47 billion for the quarter, compared to the consensus estimate of $12.01 billion. Sumitomo had a return on equity of 12.71% and a net margin of 8.23%. As a group, sell-side analysts anticipate that Sumitomo will post 1.60 EPS for the current year.
About Sumitomo
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.
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