Nippon Steel & Sumitomo Metal (NPSCY) Expected to Announce Quarterly Earnings on Wednesday

Nippon Steel & Sumitomo Metal (OTCMKTS:NPSCY) is anticipated to announce its resultson Wednesday, May 13th. Analysts expect the company to announce earnings of ($0.0022) per share and revenue of $18.2276 billion for the quarter.

Nippon Steel & Sumitomo Metal (OTCMKTS:NPSCY) last announced its quarterly earnings results on Thursday, February 5th. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.01). The company had revenue of $16.73 billion during the quarter, compared to analyst estimates of $17.13 billion.

Nippon Steel & Sumitomo Metal Stock Performance

Shares of OTCMKTS:NPSCY opened at $3.70 on Wednesday. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.12 and a quick ratio of 0.53. The business’s fifty day moving average price is $3.76 and its two-hundred day moving average price is $4.00. Nippon Steel & Sumitomo Metal has a fifty-two week low of $3.50 and a fifty-two week high of $4.79. The stock has a market capitalization of $19.88 billion, a price-to-earnings ratio of -74.00 and a beta of 0.68.

About Nippon Steel & Sumitomo Metal

Nippon Steel & Sumitomo Metal Corporation is a major Japanese steel producer formed in 2012 through the merger of Nippon Steel and Sumitomo Metal. Headquartered in Tokyo, the company operates integrated steelmaking and rolling facilities and is widely recognized as one of the largest steel manufacturers in Japan and among the leading producers globally. Its business scope spans primary steel production, downstream processing, and a range of steel-related engineering and service activities.

The company’s product offering includes a broad portfolio of steel products such as hot- and cold-rolled flat products, plates, pipes and tubes, coated steels, stainless and specialty steels, and high-strength steels tailored for automotive, machinery, construction, energy and infrastructure applications.