SMC (OTCMKTS:SMCAY) Posts Quarterly Earnings Results, Beats Expectations By $0.10 EPS

SMC (OTCMKTS:SMCAY) issued its quarterly earnings data on Friday. The company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.10, Zacks reports. SMC had a net margin of 19.84% and a return on equity of 8.15%.

SMC Stock Up 2.0%

SMCAY stock traded up $0.48 during mid-day trading on Friday, reaching $24.18. 463,979 shares of the stock traded hands, compared to its average volume of 284,628. The firm has a market capitalization of $30.89 billion, a PE ratio of 27.48, a P/E/G ratio of 2.46 and a beta of 1.10. The business has a 50-day moving average of $21.81 and a two-hundred day moving average of $21.84. SMC has a 52 week low of $14.31 and a 52 week high of $27.77.

Analyst Upgrades and Downgrades

SMCAY has been the topic of a number of research reports. Zacks Research downgraded SMC from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 13th. The Goldman Sachs Group downgraded SMC from a “strong-buy” rating to a “neutral” rating in a research note on Thursday, May 28th. Finally, Jefferies Financial Group upgraded shares of SMC from a “buy” rating to a “buy” rating in a research note on Tuesday, June 16th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold”.

SMC Company Profile

SMC Corporation manufactures, processes, and sells automatic control equipment, sintered filters, and various types of filtration equipment worldwide. The company offers air management system, directional control valves, air cylinders, rotatory actuators/air grippers, electric actuators/cylinders, fitting and tubing, and modular F.R.L./pressure control equipment, as well as vacuum, air preparation, and lubrication equipment. It also provides flow control equipment, speed controllers, silencers/exhaust/blow guns/pressure gauges, switches/sensors/controllers, static neutralization equipment, and industrial device communication equipment/wireless system.