Nippon Steel & Sumitomo Metal Corp to Post FY2020 Earnings of ($0.57) Per Share, Jefferies Financial Group Forecasts (OTCMKTS:NISTF)

Nippon Steel & Sumitomo Metal Corp (OTCMKTS:NISTF) – Analysts at Jefferies Financial Group issued their FY2020 EPS estimates for Nippon Steel & Sumitomo Metal in a research report issued on Thursday, December 5th. Jefferies Financial Group analyst T. Pham anticipates that the company will post earnings of ($0.57) per share for the year. Jefferies Financial Group has a “Hold” rating on the stock. Jefferies Financial Group also issued estimates for Nippon Steel & Sumitomo Metal’s FY2021 earnings at $0.69 EPS and FY2022 earnings at $0.70 EPS.

Shares of OTCMKTS NISTF opened at $14.70 on Monday. The company has a 50 day simple moving average of $14.51 and a 200-day simple moving average of $15.38. Nippon Steel & Sumitomo Metal has a 1 year low of $13.58 and a 1 year high of $18.20.

Nippon Steel & Sumitomo Metal (OTCMKTS:NISTF) last posted its earnings results on Friday, November 1st. The company reported $0.05 earnings per share for the quarter. The firm had revenue of $14.21 billion during the quarter.

About Nippon Steel & Sumitomo Metal

Nippon Steel & Sumitomo Metal Corporation engages in steelmaking and steel fabrication businesses worldwide. It operates in five segments: Steelmaking and Steel Fabrication, Engineering and Construction, Chemicals, New materials, and System Solutions. The company offers steel plates; hot- and cold-rolled steel sheets and coils, coated steel sheets, color coated steel sheets, electrolytic tin plates, and electrical steel sheets; bar and rod materials; and structural steel products.

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