How have SSUMY shares performed in 2024?

Sumitomo's stock was trading at $21.7380 on January 1st, 2024. Since then, SSUMY stock has increased by 12.3% and is now trading at $24.4084. View the best growth stocks for 2024 here .

Are investors shorting Sumitomo?

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

How were Sumitomo's earnings last quarter?

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

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 2.58%. 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 24.14% 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.. Read More

OTCMKTS:SSUMY

Sumitomo (SSUMY) Stock Price, News & Analysis

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$24.41

+0.24 (+0.99%)

(As of 04/19/2024 ET)

Compare

Today's Range: $24.25
▼
$25.03
50-Day Range: $22.58
▼
$25.12
52-Week Range: $17.62
▼
$25.42

Volume: 19,808 shs
Average Volume: 35,691 shs
Market Capitalization: $29.82 billion

P/E Ratio: 8.27
Dividend Yield: 2.58%
Price Target: N/A

Stock Analysis Chart Earnings Headlines Short Interest

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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

30 days | 90 days | 365 days | Advanced Chart

SSUMY Stock News Headlines

April 17, 2024 | morningstar.com

Sumitomo Corp ADR SSUMY

March 30, 2024 | finance.yahoo.com

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February 25, 2024 | wsj.com

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February 25, 2024 | finance.yahoo.com

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February 20, 2024 | seekingalpha.com

Sumitomo Corporation: Fair Valuation Given Performance And Quality Of Peers

February 13, 2024 | finance.yahoo.com

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January 11, 2024 | msn.com

Sumitomo Corp. (SSUMY) Upgraded to Strong Buy: Here's What You Should Know

December 14, 2023 | msn.com

TotalEnergies (TTE) Inks a Joint Deal to Develop 1,500-MW MNK

December 12, 2023 | wsj.com

Sumitomo Forestry Co. Ltd.

September 22, 2023 | msn.com

Sumitomo Corporation: There Is Upside But It's For Large-Cap Allocators

September 11, 2023 | benzinga.com

Sumitomo Corporation Group Establishes Renewable Energy Development Company in the United States

August 2, 2023 | markets.businessinsider.com

SUMITOMO earnings: here's what to expect

April 25, 2023 | wsj.com

Sumitomo Chemical Co. Ltd.

March 25, 2023 | finance.yahoo.com

Sumitomo Corporation (SSUMY) Stock Historical Prices & Data - Yahoo Finance

March 3, 2023 | seekingalpha.com

Sumitomo Corporation: Resilient Fundamentals Support Capital Return Upside

January 31, 2023 | finance.yahoo.com

Sumitomo Corp. (SSUMY) Is a Great Choice for 'Trend' Investors, Here's Why

January 11, 2023 | finance.yahoo.com

SSUMY vs. ITT: Which Stock Is the Better Value Option?

December 15, 2022 | finance.yahoo.com

Is Sumitomo (SSUMY) Stock Undervalued Right Now?

November 23, 2022 | finance.yahoo.com

SSUMY or ITT: Which Is the Better Value Stock Right Now?

November 23, 2022 | finance.yahoo.com

All You Need to Know About Sumitomo Corp. (SSUMY) Rating Upgrade to Strong Buy

October 24, 2022 | investorplace.com

MYOV Stock Pops as Sumitomo Agrees to Buy Myovant Sciences

October 20, 2022 | finance.yahoo.com

Are Investors Undervaluing Sumitomo (SSUMY) Right Now?

August 20, 2022 | ca.finance.yahoo.com

Sumitomo expects Japan aluminium premiums of $125-$175 a tonne in 2023

August 17, 2022 | ca.finance.yahoo.com

Metals logistics platform Minehub signs up Sumitomo Corp

See More Headlines

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Company Calendar

Last Earnings: 2/05/2024
Today: 4/20/2024
Fiscal Year End: 3/31/2025

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: OTCMKTS
Sector: Industrials
Industry: Conglomerates
Sub-Industry: N/A
Current Symbol: OTCMKTS:SSUMY
CUSIP: N/A
CIK: N/A
Web: www.sumitomocorp.com
Phone: (136) 285-5000
Fax: N/A
Employees: 78,235
Year Founded: 1919

Profitability

EPS (Most Recent Fiscal Year): $2.95
Trailing P/E Ratio: 8.27
Forward P/E Ratio: 9.50
P/E Growth: N/A
Net Income: $4.25 billion
Net Margins: 7.41%
Pretax Margin: N/A
Return on Equity: 12.25%
Return on Assets: 5.02%

Debt

Debt-to-Equity Ratio: 0.55
Current Ratio: 1.63
Quick Ratio: 1.18

Sales & Book Value

Annual Sales: $50.47 billion
Price / Sales: 0.59
Cash Flow: $4.48 per share
Price / Cash Flow: 5.45
Book Value: $23.90 per share
Price / Book: 1.02

Miscellaneous

Outstanding Shares: 1,221,866,000
Free Float: N/A
Market Cap: $29.82 billion
Optionable: Not Optionable
Beta: 0.75

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Key Executives

Mr. Kuniharu Nakamura (Age 74)
Director & Special Advisor
Comp: $771k
Mr. Shingo Ueno (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. Masaki Nakajima
Senior Managing Executive Officer and GM of Media & Digital Business Unit
Mr. Yoshiyuki Sakamoto
Senior Managing Exe. Officer and GM of Mineral Resources, Energy, Chemical & Electronics Busi. Unit

Key Competitors

View All Competitors

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 Co. reported a net margin of 7.41% and a return on equity of 12.25%, showcasing profitability and efficient use of shareholder equity.
The firm operates in diverse segments including Metal Products, Infrastructure, and Media & Digital, providing investors with exposure to various industries.
Sumitomo Co. engages in renewable energy projects and industrial facilities development, aligning with the growing focus on sustainability and green initiatives.

Cons

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

Sumitomo Co. has a debt-to-equity ratio of 0.55, indicating a moderate level of debt that investors should consider.
The company's P/E ratio of 8.39 and beta of 0.75 suggest moderate valuation and lower volatility compared to the market average, which may not appeal to all investors.
Sumitomo Co. operates in a highly competitive industry such as Blast furnaces & steel mills, which could pose challenges in maintaining market share and profitability.
The stock price volatility of Sumitomo Co. may not suit risk-averse investors looking for stable returns.
Investors should carefully monitor Sumitomo Co.'s quarterly earnings and revenue growth to assess the company's financial performance and outlook.

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 Saturday, April 13, 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 on January 1st, 2024. Since then, SSUMY stock has increased by 12.3% and is now trading at $24.4084.
View the best growth stocks for 2024 here.
Are investors shorting Sumitomo?: Sumitomo saw a decline in short interest in the month of March. As of March 15th, there was short interest totaling 9,100 shares, a decline of 82.0% from the February 29th total of 50,500 shares. Based on an average daily trading volume, of 110,900 shares, the days-to-cover ratio is presently 0.1 days.
View Sumitomo's Short Interest.
How were Sumitomo's earnings last quarter?: Sumitomo Co. (OTCMKTS:SSUMY) posted its earnings results on Monday, February, 5th. The conglomerate reported $0.69 EPS for the quarter. The conglomerate had revenue of $13.48 billion for the quarter. Sumitomo had a net margin of 7.41% and a trailing twelve-month return on equity of 12.25%.
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 2.58%. 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 24.14% 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..
Read More

This page (OTCMKTS:SSUMY) was last updated on 4/20/2024 by MarketBeat.com Staff

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