FY2018 Earnings Forecast for Sumitomo Heavy Issued By Jefferies Group (SOHVY)

Sumitomo Heavy (OTCMKTS:SOHVY) – Investment analysts at Jefferies Group dropped their FY2018 earnings estimates for shares of Sumitomo Heavy in a report released on Thursday, Zacks Investment Research reports. Jefferies Group analyst S. Fukuhara now anticipates that the company will earn $0.64 per share for the year, down from their prior forecast of $0.76. Jefferies Group also issued estimates for Sumitomo Heavy’s FY2019 earnings at $0.72 EPS, FY2020 earnings at $0.78 EPS, FY2021 earnings at $0.81 EPS and FY2022 earnings at $0.85 EPS.

Separately, Zacks Investment Research upgraded Sumitomo Heavy from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 18th.

Shares of Sumitomo Heavy (SOHVY) opened at $9.21 on Monday. The firm has a market capitalization of $18,110.00, a PE ratio of 16.65, a P/E/G ratio of 1.54 and a beta of 10.67. Sumitomo Heavy has a fifty-two week low of $8.30 and a fifty-two week high of $9.31.

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