How have SSUMY shares performed in 2023?

Sumitomo's stock was trading at $16.69 on January 1st, 2023. Since then, SSUMY stock has increased by 27.6% and is now trading at $21.29. View the best growth stocks for 2023 here .

Are investors shorting Sumitomo?

Sumitomo saw a decrease in short interest in the month of November. As of November 15th, there was short interest totaling 7,600 shares, a decrease of 75.2% from the October 31st total of 30,600 shares. Based on an average daily volume of 64,300 shares, the short-interest ratio is presently 0.1 days. View Sumitomo's Short Interest .

How were Sumitomo's earnings last quarter?

Sumitomo Co. (OTCMKTS:SSUMY) announced its quarterly earnings results on Thursday, November, 2nd. The conglomerate reported $0.88 earnings per share for the quarter. The conglomerate had revenue of $11.57 billion for the quarter. Sumitomo had a trailing twelve-month return on equity of 12.01% and a net margin of 7.31%.

Is Sumitomo a good dividend stock?

Sumitomo (OTCMKTS:SSUMY) pays an annual dividend of $0.63 per share and currently has a dividend yield of 2.95%. The dividend payout ratio is 21.65%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SSUMY will have a dividend payout ratio of 25.40% next year. This indicates that the company will be able to sustain or increase its dividend.

How do I buy shares of Sumitomo?

Shares of SSUMY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull , Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here .

Does Sumitomo have any subsidiaries?

The following companies are subsidiares of Sumitomo: Agro Amazônia, B.V., Comercial Metales Blancos AB, ERYNGIUM Ltd., Edgen Group, Edgen Group Inc., Emerald Grain, Fyffes, Fyffes plc, Gemadept Corporation, Howco Group, IG Kogyo Co., Interacid Trading S.A., Inversiones SC Sierra Gorda Limitada, K + S GmbH, KIRIU Corporation, KUSURI-NO-KATSUMATA, Minera San Cristobal S.A., Moto-Pfohe EOOD, Nissin Sugar, OMS Holdings Pte., P.T. Central Java Power, P.T. Summit Auto Group, Pacific Summit Energy LLC, Perennial Power Holdings Inc., Petro Summit Pte. Ltd., Presidio Ventures, Q-Park, S.C. Cement Co., SC Construction Machinery (Shanghai) Corporation, SC Foods Co., SC Metal Pty. Ltd., SC Minerals America, SC Pipe Solutions Co., SC Sierra Gorda Finance B.V., SC Steel Investment, SCAP C Pty Ltd, SCSK Corporation, SMS Construction and Mining Systems Inc., SMS International Corporation, Serra Azul Iron Ore, Servilamina Summit Mexicana S.A. de C.V., Sumi Agro Europe, Sumi Agro Europe Limited, Sumiputeh Steel Centre Sdn Bhd, Sumisho Aero Engine Lease B.V., Sumisho Brand Management Corporation, Sumisho Coal Australia Holdings Pty. Ltd., Sumisho Coal Australia Pty. Ltd., Sumisho Global Logistics Co., Sumisho Metal (Thailand) Co., Sumisho Metalex Corporation, Sumisho Steel Corporation (Hong Kong) Limited, Sumitec International, Sumitomo Corporation (Central Eurasia) LLC, Sumitomo Corporation (China) Holding Ltd., Sumitomo Corporation Asia & Oceania Pte. Ltd., Sumitomo Corporation Do Brasil S.A., Sumitomo Corporation Equity Asia Limited, Sumitomo Corporation Europe Holding Limited, Sumitomo Corporation Global Commodities Limited, Sumitomo Corporation Global Metals Co., Sumitomo Corporation Korea Ltd., Sumitomo Corporation Middle East FZE, Sumitomo Corporation Taiwan Ltd., Sumitomo Corporation of Americas, Sumitomo Shoji Chemicals Co., Sumitomo Shoji Financial Management Co., Sumitomo Shoji Machinex Co., Sumitronics Corporation, Summit, Summit Agri-Business Corporation, Summit Ambatovy Mineral Resources Investment, Summit Capital Leasing Co., Summit Discovery Resources ⅡLLC, Summit Energy Corporation, Summit Exploration and Production Limited, Summit Forests New Zealand Limited, Summit Grain Investment (Australia) Pty Ltd, Summit Minerals GmbH, Summit Motors Vladivostok, Summit Oil and Gas USA Corporation, Summit Renewable Energy Europe Limited, Summit Rural Western Australia Pty. Ltd., Summit Southern Cross Power Holdings Pty. Ltd., Summit Water Limited, TBC Corporation, Tecnologia Para La Construccion Y Mineria S.L., Tianjin Hua Zhu Metal Products Co., Tomod's, Toyota Ukraine, Triton Navigation B.V., and Yasato Kosan Co.. Read More

Sumitomo Stock Price, News & Analysis (OTCMKTS:SSUMY)

$21.29

-0.11 (-0.51%)

(As of 12/8/2023 ET)

Compare

Today's Range: $21.11
▼
$21.60
50-Day Range: $18.59
▼
$21.97
52-Week Range: $15.53
▼
$22.68

Volume: 20,546 shs
Average Volume: 23,413 shs
Market Capitalization: $26.04 billion

P/E Ratio: 7.32
Dividend Yield: 2.96%
Price Target: N/A

Stock Analysis Chart Earnings Headlines Short Interest

About Sumitomo Stock (OTCMKTS:SSUMY)

Sumitomo Corporation engages in general trading business worldwide. It operates through six segments: Metal Products; Transportation & Construction Systems; Infrastructure; Media & Digital; Living Related & Real Estate; and Mineral Resources, Energy, Chemical & Electronics. The company provides steel sheets and tubular products; and manufactures, leases, sells, services, and finances ships, aircrafts, motor vehicles, construction equipment, and components and parts. It is involved in the development of renewable energy projects comprising power generation and power plant engineering, procurement, and construction activities; electricity retail; industrial facilities and equipment, water, transportation systems and infrastructure, airports, smart city project, environmental solutions, and storage battery businesses; development and operation of industrial parks; arranging insurance; and provision of logistics services. In addition, the company engages in the cable television, 5G related technologies, programming distribution, movies, digital media and video content, TV shopping, and e-commerce businesses; cell phone, ICT platform, digital solution, and venture capital businesses; provision of smart communications infrastructure; operation of food supermarkets and drugstore chains; trade of cement and building materials; and real estate businesses. Further, it develops and trades in coal, iron ore, manganese, uranium, non-ferrous and precious metals, petroleum, natural gas and liquefied natural gas, and commodity derivative transactions; trades in non-ferrous metal products, liquefied petroleum gas, storage batteries, carbon products, plastics, organic and inorganic chemicals, silicon wafers, LEDs, pharmaceuticals, agricultural chemicals, household insecticides, fertilizers, and veterinary drugs; engages in the investing activities; and provides electronics manufacturing services. Sumitomo Corporation was incorporated in 1919 and is headquartered in Tokyo, Japan.

SSUMY Stock Price History

30 days | 90 days | 365 days | Advanced Chart

SSUMY Stock News Headlines

December 7, 2023 | americanbankingnews.com

Sumitomo (OTCMKTS:SSUMY) Share Price Crosses Below Two Hundred Day Moving Average of $20.70

November 29, 2023 | americanbankingnews.com

Sumitomo (OTCMKTS:SSUMY) Share Price Passes Above 50 Day Moving Average of $20.54

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September 22, 2023 | msn.com

Sumitomo Corporation: There Is Upside But It's For Large-Cap Allocators

September 11, 2023 | benzinga.com

Sumitomo Corporation Group Establishes Renewable Energy Development Company in the United States

August 2, 2023 | markets.businessinsider.com

SUMITOMO earnings: here's what to expect

April 25, 2023 | wsj.com

Sumitomo Chemical Co. Ltd.

March 25, 2023 | finance.yahoo.com

Sumitomo Corporation (SSUMY) Stock Historical Prices & Data - Yahoo Finance

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March 3, 2023 | seekingalpha.com

Sumitomo Corporation: Resilient Fundamentals Support Capital Return Upside

January 31, 2023 | finance.yahoo.com

Sumitomo Corp. (SSUMY) Is a Great Choice for 'Trend' Investors, Here's Why

January 11, 2023 | finance.yahoo.com

SSUMY vs. ITT: Which Stock Is the Better Value Option?

December 15, 2022 | finance.yahoo.com

Is Sumitomo (SSUMY) Stock Undervalued Right Now?

November 23, 2022 | finance.yahoo.com

SSUMY or ITT: Which Is the Better Value Stock Right Now?

November 23, 2022 | finance.yahoo.com

All You Need to Know About Sumitomo Corp. (SSUMY) Rating Upgrade to Strong Buy

October 24, 2022 | investorplace.com

MYOV Stock Pops as Sumitomo Agrees to Buy Myovant Sciences

October 20, 2022 | finance.yahoo.com

Are Investors Undervaluing Sumitomo (SSUMY) Right Now?

August 20, 2022 | ca.finance.yahoo.com

Sumitomo expects Japan aluminium premiums of $125-$175 a tonne in 2023

August 17, 2022 | ca.finance.yahoo.com

Metals logistics platform Minehub signs up Sumitomo Corp

August 2, 2022 | markets.businessinsider.com

SUMITOMO is about to announce earnings — here's what Wall Street expects

July 19, 2022 | seekingalpha.com

Chevron invests in nuclear fusion startup that's raised $1.2B

May 18, 2022 | markets.businessinsider.com

Sumitomo Corporation Andes and Promigas Enter Agreement to Accelerate Hydrogen Mobility in Colombia

May 10, 2022 | markets.businessinsider.com

Here's what Wall Street expects from Sumitomo's earnings report

May 9, 2022 | markets.businessinsider.com

SUMITOMO earnings: here's what Wall Street expects

April 25, 2022 | nasdaq.com

SSUMY or HON: Which Is the Better Value Stock Right Now?

February 24, 2022 | finance.yahoo.com

Should Value Investors Buy Sumitomo (SSUMY) Stock?

February 23, 2022 | finance.yahoo.com

Here's What Could Help Sumitomo Corp. (SSUMY) Maintain Its Recent Price Strength

See More Headlines

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Company Calendar

Last Earnings: 11/02/2023
Today: 12/09/2023
Fiscal Year End: 3/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: OTCMKTS
Industry: Blast furnaces & steel mills
Sub-Industry: N/A
Sector: Multi-Sector Conglomerates
Current Symbol: OTCMKTS:SSUMY
CUSIP: N/A
CIK: N/A
Web: www.sumitomocorp.com
Phone: (136) 285-5000
Fax: N/A
Employees: 78,235
Year Founded: 1919

Profitability

EPS (Most Recent Fiscal Year): $2.91
Trailing P/E Ratio: 7.32
Forward P/E Ratio: 7.77
P/E Growth: 0.17
Net Income: $4.25 billion
Net Margins: 7.31%
Pretax Margin: 10.60%
Return on Equity: 12.01%
Return on Assets: 4.81%

Debt

Debt-to-Equity Ratio: 0.55
Current Ratio: 1.70
Quick Ratio: 1.21

Sales & Book Value

Annual Sales: $50.47 billion
Price / Sales: 0.52
Cash Flow: $4.43 per share
Price / Cash Flow: 4.81
Book Value: $23.90 per share
Price / Book: 0.89

Miscellaneous

Outstanding Shares: 1,223,080,000
Free Float: N/A
Market Cap: $26.04 billion
Optionable: Not Optionable
Beta: 0.77

Social Links

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Key Executives

Mr. Kuniharu Nakamura (Age 73)
Executive Chairman of the Board of Directors
Comp: $802.06k
Mr. Masayuki Hyodo (Age 64)
President, CEO & Representative Director
Mr. Reiji Morooka (Age 62)
Senior Managing Executive Officer, CFO & Representative Director
Yasuhiro Yoshida
Assistant CFO & GM of Accounting Controlling Department
Tatsushi Tatsumi
Chief Digital & Information Officer
Mr. Takayuki Seishima (Age 61)
Executive Vice President, Chief Administration Officer, Chief Compliance Officer & Rep. Director
Yoshinori Takayama
Corporate Officer & GM of Investor Relations Dept.
Mr. Toshikazu Nambu (Age 64)
Assistant to President & CEO and Adviser of Chief Digital Officer
Mr. Shingo Ueno
Executive VP of Metal Products Bus Unit, Mineral Res, Energy, Chemical & Electronics Bus Unit
Mr. Masaki Nakajima
Senior Managing Executive Officer and GM of Media & Digital Business Unit

Key Competitors

View All Competitors

Should I Buy Sumitomo Stock? SSUMY Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Sumitomo was last updated on Tuesday, November 28, 2023 at 1:28 PM.

Pros

Here are some ways that investors could benefit from investing in Sumitomo Co.:

Sumitomo Corporation engages in general trading business worldwide.
It operates through six segments: Metal Products; Transportation & Construction Systems; Infrastructure; Media, Network, and Lifestyle Retail; Mineral Resources, Energy, Chemical & Electronics; and Industrial Infrastructure & Urban Development.
Sumitomo Corporation offers various products and services, including iron and steel products, non-ferrous metal products, transportation and construction systems, and infrastructure-related products.
It also provides financing, leasing, and other financial services; participates in various investment projects; and engages in the retail business.
Sumitomo Corporation is involved in the sale, purchase, import, and export of various types of products, as well as provides related support services.

Cons

Investors should be bearish about investing in Sumitomo Co. for these reasons:

Sumitomo Corporation's stock price may be subject to market volatility and fluctuations.

SSUMY Stock Analysis - Frequently Asked Questions

How have SSUMY shares performed in 2023?: Sumitomo's stock was trading at $16.69 on January 1st, 2023. Since then, SSUMY stock has increased by 27.6% and is now trading at $21.29.
View the best growth stocks for 2023 here.
Are investors shorting Sumitomo?: Sumitomo saw a decrease in short interest in the month of November. As of November 15th, there was short interest totaling 7,600 shares, a decrease of 75.2% from the October 31st total of 30,600 shares. Based on an average daily volume of 64,300 shares, the short-interest ratio is presently 0.1 days.
View Sumitomo's Short Interest.
How were Sumitomo's earnings last quarter?: Sumitomo Co. (OTCMKTS:SSUMY) announced its quarterly earnings results on Thursday, November, 2nd. The conglomerate reported $0.88 earnings per share for the quarter. The conglomerate had revenue of $11.57 billion for the quarter. Sumitomo had a trailing twelve-month return on equity of 12.01% and a net margin of 7.31%.
Is Sumitomo a good dividend stock?: Sumitomo (OTCMKTS:SSUMY) pays an annual dividend of $0.63 per share and currently has a dividend yield of 2.95%. The dividend payout ratio is 21.65%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SSUMY will have a dividend payout ratio of 25.40% next year. This indicates that the company will be able to sustain or increase its dividend.

How do I buy shares of Sumitomo?: Shares of SSUMY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
Does Sumitomo have any subsidiaries?: The following companies are subsidiares of Sumitomo: Agro Amazônia, B.V., Comercial Metales Blancos AB, ERYNGIUM Ltd., Edgen Group, Edgen Group Inc., Emerald Grain, Fyffes, Fyffes plc, Gemadept Corporation, Howco Group, IG Kogyo Co., Interacid Trading S.A., Inversiones SC Sierra Gorda Limitada, K + S GmbH, KIRIU Corporation, KUSURI-NO-KATSUMATA, Minera San Cristobal S.A., Moto-Pfohe EOOD, Nissin Sugar, OMS Holdings Pte., P.T. Central Java Power, P.T. Summit Auto Group, Pacific Summit Energy LLC, Perennial Power Holdings Inc., Petro Summit Pte. Ltd., Presidio Ventures, Q-Park, S.C. Cement Co., SC Construction Machinery (Shanghai) Corporation, SC Foods Co., SC Metal Pty. Ltd., SC Minerals America, SC Pipe Solutions Co., SC Sierra Gorda Finance B.V., SC Steel Investment, SCAP C Pty Ltd, SCSK Corporation, SMS Construction and Mining Systems Inc., SMS International Corporation, Serra Azul Iron Ore, Servilamina Summit Mexicana S.A. de C.V., Sumi Agro Europe, Sumi Agro Europe Limited, Sumiputeh Steel Centre Sdn Bhd, Sumisho Aero Engine Lease B.V., Sumisho Brand Management Corporation, Sumisho Coal Australia Holdings Pty. Ltd., Sumisho Coal Australia Pty. Ltd., Sumisho Global Logistics Co., Sumisho Metal (Thailand) Co., Sumisho Metalex Corporation, Sumisho Steel Corporation (Hong Kong) Limited, Sumitec International, Sumitomo Corporation (Central Eurasia) LLC, Sumitomo Corporation (China) Holding Ltd., Sumitomo Corporation Asia & Oceania Pte. Ltd., Sumitomo Corporation Do Brasil S.A., Sumitomo Corporation Equity Asia Limited, Sumitomo Corporation Europe Holding Limited, Sumitomo Corporation Global Commodities Limited, Sumitomo Corporation Global Metals Co., Sumitomo Corporation Korea Ltd., Sumitomo Corporation Middle East FZE, Sumitomo Corporation Taiwan Ltd., Sumitomo Corporation of Americas, Sumitomo Shoji Chemicals Co., Sumitomo Shoji Financial Management Co., Sumitomo Shoji Machinex Co., Sumitronics Corporation, Summit, Summit Agri-Business Corporation, Summit Ambatovy Mineral Resources Investment, Summit Capital Leasing Co., Summit Discovery Resources ⅡLLC, Summit Energy Corporation, Summit Exploration and Production Limited, Summit Forests New Zealand Limited, Summit Grain Investment (Australia) Pty Ltd, Summit Minerals GmbH, Summit Motors Vladivostok, Summit Oil and Gas USA Corporation, Summit Renewable Energy Europe Limited, Summit Rural Western Australia Pty. Ltd., Summit Southern Cross Power Holdings Pty. Ltd., Summit Water Limited, TBC Corporation, Tecnologia Para La Construccion Y Mineria S.L., Tianjin Hua Zhu Metal Products Co., Tomod's, Toyota Ukraine, Triton Navigation B.V., and Yasato Kosan Co..
Read More

This page (OTCMKTS:SSUMY) was last updated on 12/9/2023 by MarketBeat.com Staff

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