SMC (OTCMKTS:SMCAY) Releases Earnings Results, Beats Estimates By $0.08 EPS

SMC (OTCMKTS:SMCAY) issued its earnings results on Friday. The company reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.08, Zacks reports. SMC had a net margin of 21.94% and a return on equity of 9.40%.

SMC Price Performance

SMC stock traded up $0.64 during midday trading on Friday, reaching $19.30. The company’s stock had a trading volume of 1,074,826 shares, compared to its average volume of 340,342. The stock has a market capitalization of $24.65 billion, a P/E ratio of 18.74, a PEG ratio of 1.37 and a beta of 1.19. The stock’s 50-day simple moving average is $21.24 and its 200-day simple moving average is $21.85. SMC has a 52-week low of $15.86 and a 52-week high of $27.77.

Analysts Set New Price Targets

Separately, Zacks Research lowered shares of SMC from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 6th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, SMC presently has an average rating of “Hold”.

SMC Company Profile

SMC Corporation is a Japan-based manufacturer of components and systems used in factory automation. Its products include pneumatic control equipment, valves, actuators, air-preparation units, vacuum equipment and temperature-control devices. The company’s products help control the movement of air, fluids and machinery in automated production processes. SMC serves manufacturers across a range of industries, including automotive, electronics and food processing. Founded in Japan in 1959, SMC has grown into an international supplier, serving customers through operations and sales networks in markets around the world.