Nippon Steel & Sumitomo Metal (OTCMKTS:NPSCY) Posts Earnings Results, Misses Expectations By $1.04 EPS

Key Points

• Nippon Steel & Sumitomo Metal reported a quarterly earnings result with an EPS of ($0.43), along with a return on equity of 5.54% and a net margin of 3.73%.
• The company has a current ratio of 1.95 and a debt-to-equity ratio of 0.34, indicating strong liquidity and manageable debt levels.
• As of the report, the stock opened at $6.50 and has a market capitalization of $20.96 billion, with a P/E ratio of 9.03.

Nippon Steel & Sumitomo Metal (OTCMKTS:NPSCY - Get Free Report) released its quarterly earnings data on Friday. The company reported ($0.43) EPS for the quarter, missing analysts' consensus estimates of $0.61 by ($1.04), Zacks reports. The business had revenue of $13.56 billion during the quarter, compared to analyst estimates of $13.63 billion. Nippon Steel & Sumitomo Metal had a negative net margin of 0.42% and a negative return on equity of 0.60%.

Nippon Steel & Sumitomo Metal Trading Down 1.4%

Nippon Steel & Sumitomo Metal stock traded down $0.09 during trading on Tuesday, hitting $6.51. The company had a trading volume of 170,930 shares, compared to its average volume of 175,299. The company has a current ratio of 1.95, a quick ratio of 1.01 and a debt-to-equity ratio of 0.34. Nippon Steel & Sumitomo Metal has a 1-year low of $6.10 and a 1-year high of $8.00. The stock has a market cap of $20.97 billion, a price-to-earnings ratio of -216.76 and a beta of 0.80. The company's 50 day simple moving average is $6.50 and its 200-day simple moving average is $6.90.

About Nippon Steel & Sumitomo Metal

Nippon Steel Corporation engages in steelmaking and steel fabrication, engineering and construction, chemicals and materials, and system solutions businesses in Japan and internationally. The company offers steel plates, sheets, and slags; bar and rod materials; structural steel; pipes and tubes; titanium and stainless products; and railway, automotive, and machinery parts for applications in automotive, energy, infrastructure, and consumer electronics markets.