FY2021 EPS Estimates for Sumitomo Chemical Company, Limited (OTCMKTS:SOMMY) Reduced by Jefferies Financial Group
Sumitomo Chemical Company, Limited (OTCMKTS:SOMMY) – Investment analysts at Jefferies Financial Group decreased their FY2021 earnings per share (EPS) estimates for Sumitomo Chemical in a research note issued to investors on Tuesday, April 6th. Jefferies Financial Group analyst Y. Azuma now forecasts that the company will post earnings of $0.96 per share for the year, down from their previous forecast of $2.10. Jefferies Financial Group currently has a “Hold” rating on the stock. Jefferies Financial Group also issued estimates for Sumitomo Chemical’s FY2022 earnings at $3.20 EPS.
Sumitomo Chemical (OTCMKTS:SOMMY) last issued its earnings results on Friday, January 29th. The company reported $0.68 earnings per share (EPS) for the quarter. The company had revenue of $5.98 billion for the quarter, compared to analysts’ expectations of $4.91 billion.
Shares of SOMMY opened at $25.78 on Thursday. The firm has a market capitalization of $8.53 billion, a P/E ratio of 29.63 and a beta of 1.14. Sumitomo Chemical has a 12-month low of $13.17 and a 12-month high of $27.27. The firm has a fifty day moving average price of $25.80 and a 200-day moving average price of $21.08.
About Sumitomo Chemical
Sumitomo Chemical Company, Limited engages in the petrochemicals and plastics, energy and functional materials, IT-related chemicals, health and crop sciences, pharmaceuticals, and other businesses worldwide. Its Petrochemicals & Plastics segment offers synthetic resins, such as polyethylene, polypropylene, and polymethyl methacrylate resins; raw materials for synthetic fibers; and various industrial chemicals.
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