SMC (OTCMKTS:SMCAY) Announces Earnings Results

SMC (OTCMKTS:SMCAY) announced its quarterly earnings results on Friday. The company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.10, Zacks reports. The business had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.54 billion. SMC had a return on equity of 8.15% and a net margin of 19.84%.

SMC Stock Performance

Shares of SMCAY stock traded up $0.48 during trading on Friday, hitting $24.18. 463,979 shares of the company were exchanged, compared to its average volume of 207,283. The business’s 50-day simple moving average is $21.86 and its 200 day simple moving average is $21.86. SMC has a twelve month low of $14.31 and a twelve month high of $27.77. The firm has a market capitalization of $30.89 billion, a price-to-earnings ratio of 27.48, a P/E/G ratio of 2.43 and a beta of 1.10.

Analyst Ratings Changes

Several brokerages recently weighed in on SMCAY. The Goldman Sachs Group downgraded shares of SMC from a “strong-buy” rating to a “neutral” rating in a research report on Thursday, May 28th. Jefferies Financial Group raised shares of SMC from a “buy” rating to a “buy” rating in a research note on Tuesday, June 16th. Finally, Zacks Research downgraded SMC from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 13th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold”.

About SMC

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.