Nippon Steel & Sumitomo Metal Corp. (NSSMY) Posts Quarterly Earnings Results, Beats Expectations By $0.11 EPS

Nippon Steel & Sumitomo Metal Corp. (OTCMKTS:NSSMY) posted its quarterly earnings results on Friday. The basic materials company reported $0.31 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.11, Morningstar.com reports. The business had revenue of $12.53 billion for the quarter. Nippon Steel & Sumitomo Metal Corp. had a return on equity of 6.38% and a net margin of 4.35%.

Nippon Steel & Sumitomo Metal Corp. (NSSMY) opened at 24.09 on Friday. Nippon Steel & Sumitomo Metal Corp. has a 1-year low of $19.73 and a 1-year high of $25.34. The company has a market cap of $2.13 billion, a PE ratio of 1.06 and a beta of 1.40. The stock has a 50 day moving average price of $23.64 and a 200 day moving average price of $23.08.

Separately, Zacks Investment Research lowered Nippon Steel & Sumitomo Metal Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday, August 22nd.

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Nippon Steel & Sumitomo Metal Corp. Company Profile

Nippon Steel & Sumitomo Metal Corporation engages in steelmaking and steel fabrication businesses worldwide. The company operates through Steelmaking and Steel Fabrication, Engineering and Construction, Chemicals, New Materials, and System Solutions segments. It offers steel plates; steel sheets, such as hot-dip coated and electroplated steel sheets, tin plates, and electrical steel sheets; bar and rod materials; and structural steel products.

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