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DOW   39,807.37
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S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Asian shares are mostly higher after another set of Wall St records
Delta Airline’s Put Option Activity Isn’t Bad News
3 Value Stocks Too Small For Buffett’s Portfolio
Disney Stock Catches 3 Upgrades In a Single Week
7 Stocks That Will Drive the Weight Loss Drugs Market
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Asian shares are mostly higher after another set of Wall St records
Delta Airline’s Put Option Activity Isn’t Bad News
3 Value Stocks Too Small For Buffett’s Portfolio
Disney Stock Catches 3 Upgrades In a Single Week
7 Stocks That Will Drive the Weight Loss Drugs Market
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Asian shares are mostly higher after another set of Wall St records
Delta Airline’s Put Option Activity Isn’t Bad News
3 Value Stocks Too Small For Buffett’s Portfolio
Disney Stock Catches 3 Upgrades In a Single Week
7 Stocks That Will Drive the Weight Loss Drugs Market
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
OTCMKTS:SSUMY

Sumitomo (SSUMY) Stock Price, News & Analysis

$24.09
-0.23 (-0.95%)
(As of 03/28/2024 ET)
Today's Range
$23.98
$24.17
50-Day Range
$22.29
$24.76
52-Week Range
$16.95
$24.99
Volume
26,858 shs
Average Volume
45,726 shs
Market Capitalization
$29.43 billion
P/E Ratio
8.17
Dividend Yield
2.62%
Price Target
N/A
SSUMY stock logo

About Sumitomo Stock (OTCMKTS:SSUMY)

Sumitomo Corporation engages in general trading business worldwide. It operates through six segments: Metal Products; Transportation & Construction Systems; Infrastructure; Media & Digital; Living Related & Real Estate; and Mineral Resources, Energy, Chemical & Electronics. The company provides steel sheets and tubular products; and manufactures, leases, sells, services, and finances ships, aircrafts, motor vehicles, construction equipment, and components and parts. It is involved in the development of renewable energy projects comprising power generation and power plant engineering, procurement, and construction activities; electricity retail; industrial facilities and equipment, water, transportation systems and infrastructure, airports, smart city project, environmental solutions, and storage battery businesses; development and operation of industrial parks; arranging insurance; and provision of logistics services. In addition, the company engages in the cable television, 5G related technologies, programming distribution, movies, digital media and video content, TV shopping, and e-commerce businesses; cell phone, ICT platform, digital solution, and venture capital businesses; provision of smart communications infrastructure; operation of food supermarkets and drugstore chains; trade of cement and building materials; and real estate businesses. Further, it develops and trades in coal, iron ore, manganese, uranium, non-ferrous and precious metals, petroleum, natural gas and liquefied natural gas, and commodity derivative transactions; trades in non-ferrous metal products, liquefied petroleum gas, storage batteries, carbon products, plastics, organic and inorganic chemicals, silicon wafers, LEDs, pharmaceuticals, agricultural chemicals, household insecticides, fertilizers, and veterinary drugs; engages in the investing activities; and provides electronics manufacturing services. Sumitomo Corporation was incorporated in 1919 and is headquartered in Tokyo, Japan.

SSUMY Stock Price History

SSUMY Stock News Headlines

“The Stock Market’s Bull Run is Far from Over” -Barrons
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SSUMY vs. ITT: Which Stock Is the Better Value Option?
Is Sumitomo (SSUMY) Stock Undervalued Right Now?
SSUMY or ITT: Which Is the Better Value Stock Right Now?
Are Investors Undervaluing Sumitomo (SSUMY) Right Now?
Metals logistics platform Minehub signs up Sumitomo Corp
See More Headlines
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Company Calendar

Last Earnings
2/05/2024
Today
3/29/2024
Fiscal Year End
3/31/2024

Industry, Sector and Symbol

Industry
Blast furnaces & steel mills
Sub-Industry
N/A
Current Symbol
OTCMKTS:SSUMY
CIK
N/A
Fax
N/A
Employees
78,235
Year Founded
1919

Profitability

Net Income
$4.25 billion
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
$50.47 billion
Cash Flow
$4.40 per share
Book Value
$23.90 per share

Miscellaneous

Outstanding Shares
1,221,870,000
Free Float
N/A
Market Cap
$29.43 billion
Optionable
Not Optionable
Beta
0.75

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Key Executives

  • Mr. Kuniharu Nakamura (Age 74)
    Director & Special Advisor
    Comp: $786.23k
  • Mr. Masayuki Hyodo (Age 65)
    President, CEO & Representative Director
  • Mr. Reiji Morooka (Age 63)
    Senior Managing Executive Officer, CFO & Representative Director
  • Yasuhiro Yoshida
    Assistant CFO & GM of Accounting Controlling Department
  • Tatsushi Tatsumi
    Executive Officer and Chief Digital & Information Officer
  • Mr. Takayuki Seishima (Age 62)
    Executive Vice President, Chief Administration Officer, Chief Compliance Officer & Rep. Director
  • Yoshinori Takayama
    Corporate Officer & GM of Investor Relations Dept.
  • Mr. Toshikazu Nambu (Age 65)
    Assistant to President & CEO and Adviser of Chief Digital Officer
  • Mr. Shingo Ueno (Age 65)
    Executive VP of Metal Products Bus Unit, Mineral Res, Energy, Chemical & Electronics Bus Unit
  • Mr. Masaki Nakajima
    Senior Managing Executive Officer and GM of Media & Digital Business Unit

Should I Buy Sumitomo Stock? SSUMY Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Sumitomo Co.:

  • Sumitomo Co. recently reached a new 12-month high at $24.78, indicating positive momentum in the stock price.
  • The company has a strong current ratio of 1.63 and a quick ratio of 1.18, reflecting good liquidity positions.
  • Sumitomo reported $0.69 earnings per share for the last quarter, showcasing profitability.
  • With a market capitalization of $30.26 billion, Sumitomo is a significant player in the market.
  • Research analysts expect Sumitomo to post 2.79 EPS for the current year, indicating growth potential.

Cons

Investors should be bearish about investing in Sumitomo Co. for these reasons:

  • Sumitomo's P/E ratio of 8.39 may suggest the stock is currently overvalued.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Tuesday, March 26, 2024. Please send any questions or comments about these Sumitomo pros and cons to contact@marketbeat.com.

SSUMY Stock Analysis - Frequently Asked Questions

How have SSUMY shares performed in 2024?

Sumitomo's stock was trading at $21.7380 at the start of the year. Since then, SSUMY stock has increased by 10.8% and is now trading at $24.09.
View the best growth stocks for 2024 here
.

Are investors shorting Sumitomo?

Sumitomo saw a drop in short interest in March. As of March 15th, there was short interest totaling 9,100 shares, a drop of 82.0% from the February 29th total of 50,500 shares. Based on an average trading volume of 110,900 shares, the short-interest ratio is presently 0.1 days.
View Sumitomo's Short Interest
.

How were Sumitomo's earnings last quarter?

Sumitomo Co. (OTCMKTS:SSUMY) announced its earnings results on Monday, February, 5th. The conglomerate reported $0.69 earnings per share for the quarter. The conglomerate had revenue of $13.48 billion for the quarter. Sumitomo had a trailing twelve-month return on equity of 12.25% and a net margin of 7.41%.

Is Sumitomo a good dividend stock?

Sumitomo (OTCMKTS:SSUMY) pays an annual dividend of $0.63 per share and currently has a dividend yield of 2.56%. The dividend payout ratio is 21.36%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SSUMY will have a dividend payout ratio of 23.77% next year. This indicates that the company will be able to sustain or increase its dividend.

How do I buy shares of Sumitomo?

Shares of SSUMY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Does Sumitomo have any subsidiaries?
The following companies are subsidiares of Sumitomo: Agro Amazônia, B.V., Comercial Metales Blancos AB, ERYNGIUM Ltd., Edgen Group, Edgen Group Inc., Emerald Grain, Fyffes, Fyffes plc, Gemadept Corporation, Howco Group, IG Kogyo Co., Interacid Trading S.A., Inversiones SC Sierra Gorda Limitada, K + S GmbH, KIRIU Corporation, KUSURI-NO-KATSUMATA, Minera San Cristobal S.A., Moto-Pfohe EOOD, Nissin Sugar, OMS Holdings Pte., P.T. Central Java Power, P.T. Summit Auto Group, Pacific Summit Energy LLC, Perennial Power Holdings Inc., Petro Summit Pte. Ltd., Presidio Ventures, Q-Park, S.C. Cement Co., SC Construction Machinery (Shanghai) Corporation, SC Foods Co., SC Metal Pty. Ltd., SC Minerals America, SC Pipe Solutions Co., SC Sierra Gorda Finance B.V., SC Steel Investment, SCAP C Pty Ltd, SCSK Corporation, SMS Construction and Mining Systems Inc., SMS International Corporation, Serra Azul Iron Ore, Servilamina Summit Mexicana S.A. de C.V., Sumi Agro Europe, Sumi Agro Europe Limited, Sumiputeh Steel Centre Sdn Bhd, Sumisho Aero Engine Lease B.V., Sumisho Brand Management Corporation, Sumisho Coal Australia Holdings Pty. Ltd., Sumisho Coal Australia Pty. Ltd., Sumisho Global Logistics Co., Sumisho Metal (Thailand) Co., Sumisho Metalex Corporation, Sumisho Steel Corporation (Hong Kong) Limited, Sumitec International, Sumitomo Corporation (Central Eurasia) LLC, Sumitomo Corporation (China) Holding Ltd., Sumitomo Corporation Asia & Oceania Pte. Ltd., Sumitomo Corporation Do Brasil S.A., Sumitomo Corporation Equity Asia Limited, Sumitomo Corporation Europe Holding Limited, Sumitomo Corporation Global Commodities Limited, Sumitomo Corporation Global Metals Co., Sumitomo Corporation Korea Ltd., Sumitomo Corporation Middle East FZE, Sumitomo Corporation Taiwan Ltd., Sumitomo Corporation of Americas, Sumitomo Shoji Chemicals Co., Sumitomo Shoji Financial Management Co., Sumitomo Shoji Machinex Co., Sumitronics Corporation, Summit, Summit Agri-Business Corporation, Summit Ambatovy Mineral Resources Investment, Summit Capital Leasing Co., Summit Discovery Resources ⅡLLC, Summit Energy Corporation, Summit Exploration and Production Limited, Summit Forests New Zealand Limited, Summit Grain Investment (Australia) Pty Ltd, Summit Minerals GmbH, Summit Motors Vladivostok, Summit Oil and Gas USA Corporation, Summit Renewable Energy Europe Limited, Summit Rural Western Australia Pty. Ltd., Summit Southern Cross Power Holdings Pty. Ltd., Summit Water Limited, TBC Corporation, Tecnologia Para La Construccion Y Mineria S.L., Tianjin Hua Zhu Metal Products Co., Tomod's, Toyota Ukraine, Triton Navigation B.V., and Yasato Kosan Co..
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This page (OTCMKTS:SSUMY) was last updated on 3/29/2024 by MarketBeat.com Staff

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