Sumitomo (SSUMY) Expected to Post Quarterly Earnings on Thursday

Sumitomo (OTCMKTS:SSUMY) is expected to be announcing its resultson Thursday, July 30th. Analysts expect the company to post earnings of $0.8330 per share and revenue of $11.5012 billion for the quarter.

Sumitomo (OTCMKTS:SSUMY) last announced its earnings results on Friday, May 1st. The conglomerate reported $1.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.90 by $0.12. The firm had revenue of $12.48 billion for the quarter, compared to analyst estimates of $14.01 billion. Sumitomo had a net margin of 8.19% and a return on equity of 12.21%. On average, analysts expect Sumitomo to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Sumitomo Stock Performance

Sumitomo stock opened at $9.80 on Thursday. The stock has a fifty day moving average price of $35.97 and a 200 day moving average price of $38.07. The company has a current ratio of 1.38, a quick ratio of 1.01 and a debt-to-equity ratio of 0.68. Sumitomo has a 52 week low of $6.31 and a 52 week high of $12.21. The firm has a market capitalization of $46.85 billion, a P/E ratio of 11.84, a PEG ratio of 0.60 and a beta of 0.58.

Sumitomo Company Profile

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.