Sumitomo (OTCMKTS:SSUMY – Get Free Report) issued its quarterly earnings results on Monday. The conglomerate reported $0.21 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.02), Zacks reports. Sumitomo had a return on equity of 12.71% and a net margin of 8.23%.
Sumitomo Price Performance
Shares of SSUMY opened at $10.63 on Monday. The stock has a 50 day moving average price of $11.25 and a 200 day moving average price of $28.46. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.94 and a current ratio of 1.34. The stock has a market capitalization of $50.84 billion, a price-to-earnings ratio of 12.77, a PEG ratio of 0.77 and a beta of 0.60. Sumitomo has a one year low of $7.14 and a one year high of $12.45.
Wall Street Analysts Forecast Growth
Separately, Zacks Research raised shares of Sumitomo from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 7th. One research analyst has rated the stock with a Strong Buy rating. According to MarketBeat.com, Sumitomo has a consensus rating of “Strong Buy”.
Read Our Latest Stock Report on SSUMY
Sumitomo Company Profile
Sumitomo Corporation (OTCMKTS: SSUMY) is a Japan-based global trading and business investment company. It develops and manages businesses across a broad range of industries, connecting suppliers, manufacturers, service providers and customers through international networks and operating companies.
The company’s activities include metal products, transportation and infrastructure, construction systems, urban development, media and digital services, lifestyle-related businesses, mineral resources, energy transformation, and chemicals.
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