Sumitomo (OTCMKTS:SSUMY) Announces Earnings Results, Misses Estimates By $0.58 EPS

Sumitomo (OTCMKTS:SSUMY) released its earnings results on Friday. The conglomerate reported $0.25 EPS for the quarter, missing the consensus estimate of $0.83 by ($0.58), Zacks reports. Sumitomo had a return on equity of 12.21% and a net margin of 8.19%.The company had revenue of $12.24 billion for the quarter, compared to analyst estimates of $11.50 billion.

Sumitomo Price Performance

SSUMY stock opened at $10.38 on Friday. The business’s 50-day moving average is $30.91 and its two-hundred day moving average is $36.78. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.38 and a quick ratio of 1.01. The firm has a market capitalization of $49.62 billion, a P/E ratio of 12.47, a P/E/G ratio of 0.92 and a beta of 0.58. Sumitomo has a 1 year low of $6.38 and a 1 year high of $12.21.

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.