Sumitomo (OTCMKTS:SSUMY) Posts Quarterly Earnings Results, Beats Estimates By $0.12 EPS

Sumitomo (OTCMKTS:SSUMY) posted its quarterly earnings data on Friday. The conglomerate reported $1.02 EPS for the quarter, topping the consensus estimate of $0.90 by $0.12, Zacks reports. Sumitomo had a return on equity of 11.27% and a net margin of 7.56%.

Sumitomo Price Performance

Shares of SSUMY stock traded up $6.17 during mid-day trading on Friday, hitting $43.58. The company had a trading volume of 111,178 shares, compared to its average volume of 100,249. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.26 and a quick ratio of 0.89. The stock’s 50 day moving average price is $37.81 and its 200-day moving average price is $35.81. Sumitomo has a 52-week low of $24.00 and a 52-week high of $44.50. The company has a market capitalization of $52.07 billion, a P/E ratio of 14.15, a P/E/G ratio of 1.18 and a beta of 0.53.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded shares of Sumitomo from a “strong sell” rating to a “hold” rating in a research report on Wednesday, February 4th. One research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Sumitomo has an average rating of “Buy”.

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.