Sumitomo Electric Industries (SMTOY) Projected to Post Earnings on Friday

Sumitomo Electric Industries (OTCMKTS:SMTOY) is expected to release its results after the market closes on Friday, October 30th. Analysts expect the company to announce earnings of $0.0819 per share and revenue of $8.43 billion for the quarter.

Sumitomo Electric Industries (OTCMKTS:SMTOY) last issued its quarterly earnings results on Friday, July 31st. The company reported $0.07 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.07. The company had revenue of $8.36 billion during the quarter, compared to analyst estimates of $7.75 billion.

Sumitomo Electric Industries Stock Up 3.8%

SMTOY opened at $5.98 on Wednesday. The business has a 50 day moving average price of $6.85 and a two-hundred day moving average price of $40.27. The company has a market cap of $37.98 billion, a PE ratio of 14.24 and a beta of 1.06. Sumitomo Electric Industries has a 52 week low of $3.92 and a 52 week high of $11.14.

About Sumitomo Electric Industries

Sumitomo Electric Industries, Ltd. is a Japan-based diversified manufacturer that develops and supplies products used in the automotive, information and communications, electronics, energy, and industrial materials sectors. The company traces its origins to 1897, when it began manufacturing copper wire, and has expanded into a global technology and materials business.

Its automotive products include wiring harnesses, connectors, and related electrical components. In the information and communications field, Sumitomo Electric provides optical fiber, fiber-optic cables, network equipment, and other technologies used in telecommunications infrastructure.