Sumitomo (SSUMY) to Announce Quarterly Earnings on Thursday

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

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

Sumitomo Price Performance

OTCMKTS SSUMY opened at $9.80 on Wednesday. The company has a 50-day moving average price of $33.00 and a two-hundred day moving average price of $37.34. Sumitomo has a 52 week low of $6.38 and a 52 week high of $12.21. The stock has a market cap of $46.85 billion, a price-to-earnings ratio of 11.84, a price-to-earnings-growth ratio of 0.87 and a beta of 0.58. The company has a current ratio of 1.38, a quick ratio of 1.01 and a debt-to-equity ratio of 0.68.

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.