Is it time to Buy before this week’s earning report Sumitomo Mitsui Financial Group (NYSE:SMFG)

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Earnings results for Sumitomo Mitsui Financial Group (NYSE:SMFG)

Sumitomo Mitsui Financial Group Inc is estimated to report earnings on 11/11/2020. The upcoming earnings date is derived from an algorithm based on a company’s historical reporting dates. Our vendor, Zacks Investment Research, might revise this date in the future, once the company announces the actual earnings date. The reported EPS for the same quarter last year was $0.29.

Analyst Opinion on Sumitomo Mitsui Financial Group (NYSE:SMFG)

3 Wall Street analysts have issued ratings and price targets for Sumitomo Mitsui Financial Group in the last 12 months. There are currently 1 hold rating and 2 buy ratings for the stock, resulting in a consensus rating of “Buy.”

There is not enough analysis data for Sumitomo Mitsui Financial Group.

Dividend Strength: Sumitomo Mitsui Financial Group (NYSE:SMFG)

Sumitomo Mitsui Financial Group is a leading dividend payer. It pays a dividend yield of 4.98%, putting its dividend yield in the top 25% of dividend-paying stocks. Sumitomo Mitsui Financial Group has only been increasing its dividend for 1 years. The dividend payout ratio of Sumitomo Mitsui Financial Group is 30.00%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Sumitomo Mitsui Financial Group will have a dividend payout ratio of 34.88% next year. This indicates that Sumitomo Mitsui Financial Group will be able to sustain or increase its dividend.

Insiders buying/selling: Sumitomo Mitsui Financial Group (NYSE:SMFG)

In the past three months, Sumitomo Mitsui Financial Group insiders have not sold or bought any company stock. Only 2.00% of the stock of Sumitomo Mitsui Financial Group is held by institutions.

Earnings and Valuation of Sumitomo Mitsui Financial Group (NYSE:SMFG

Earnings for Sumitomo Mitsui Financial Group are expected to grow by 24.64% in the coming year, from $0.69 to $0.86 per share. The P/E ratio of Sumitomo Mitsui Financial Group is 7.65, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 20.86. The P/E ratio of Sumitomo Mitsui Financial Group is 7.65, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 19.69. Sumitomo Mitsui Financial Group has a PEG Ratio of 3.69. PEG Ratios above 1 indicate that a company could be overvalued. Sumitomo Mitsui Financial Group has a P/B Ratio of 0.41. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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