Nippon Steel & Sumitomo Metal (OTCMKTS:NPSCY) Releases Quarterly Earnings Results, Misses Expectations By $0.01 EPS

Nippon Steel & Sumitomo Metal (OTCMKTS:NPSCY) released its earnings results on Thursday. The company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.01), reports. Nippon Steel & Sumitomo Metal had a negative net margin of 0.42% and a negative return on equity of 0.61%. The company had revenue of $16.73 billion during the quarter, compared to analysts’ expectations of $17.13 billion.

Nippon Steel & Sumitomo Metal Price Performance

NPSCY stock opened at $4.10 on Friday. The business’s 50-day moving average is $4.10 and its two-hundred day moving average is $5.18. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.15 and a quick ratio of 0.54. The firm has a market capitalization of $22.03 billion, a P/E ratio of -227.78 and a beta of 0.73. Nippon Steel & Sumitomo Metal has a 1 year low of $3.66 and a 1 year high of $4.80.

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.