Nippon Steel & Sumitomo Metal (OTCMKTS:NPSCY) Posts Earnings Results, Misses Estimates By $0.01 EPS

Nippon Steel & Sumitomo Metal (OTCMKTS:NPSCY) issued its earnings results on Thursday. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate 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 business had revenue of $16.73 billion for the quarter, compared to analyst estimates of $17.13 billion.

Nippon Steel & Sumitomo Metal Price Performance

Shares of NPSCY stock opened at $4.39 on Friday. Nippon Steel & Sumitomo Metal has a 52-week low of $3.66 and a 52-week high of $4.80. The stock has a market cap of $23.59 billion, a PE ratio of -219.50 and a beta of 0.73. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.54 and a current ratio of 1.15. The firm’s 50 day moving average price is $4.11 and its two-hundred day moving average price is $5.17.

Nippon Steel & Sumitomo Metal Company Profile

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.