Sumitomo (SSUMY) to Release Earnings on Friday

Sumitomo (OTCMKTS:SSUMY) is projected to release its resultson Friday, May 1st. Analysts expect Sumitomo to post earnings of $0.7260 per share and revenue of $13.7092 billion for the quarter.

Sumitomo (OTCMKTS:SSUMY) last announced its quarterly earnings data on Wednesday, February 4th. The conglomerate reported $0.58 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.20). Sumitomo had a return on equity of 11.27% and a net margin of 7.56%.The firm had revenue of $11.85 billion for the quarter, compared to analyst estimates of $11.72 billion. On average, analysts expect Sumitomo to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Sumitomo Stock Performance

Shares of Sumitomo stock opened at $36.26 on Wednesday. The company has a 50 day moving average of $38.05 and a 200-day moving average of $35.80. The company has a market cap of $43.32 billion, a PE ratio of 11.77, a price-to-earnings-growth ratio of 1.18 and a beta of 0.53. The company has a current ratio of 1.26, a quick ratio of 0.89 and a debt-to-equity ratio of 0.56. Sumitomo has a 1-year low of $24.00 and a 1-year high of $44.15.

Wall Street Analyst Weigh In

Separately, Zacks Research raised Sumitomo from a “strong sell” rating to a “hold” rating in a report on Wednesday, February 4th. One analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, Sumitomo currently has an average rating of “Buy”.

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.