SMC (OTCMKTS:SMCAY) Announces Earnings Results

SMC (OTCMKTS:SMCAY) issued its earnings results on Friday. The company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.23 by $0.08, Zacks reports. The firm had revenue of $1.78 billion during the quarter, compared to the consensus estimate of $1.73 billion. SMC had a return on equity of 9.40% and a net margin of 21.94%.

SMC Stock Up 4.4%

Shares of OTCMKTS SMCAY traded up $0.82 during midday trading on Friday, reaching $19.48. 1,135,675 shares of the company were exchanged, compared to its average volume of 675,098. The stock’s 50-day moving average price is $21.20 and its 200-day moving average price is $21.85. The stock has a market cap of $24.89 billion, a P/E ratio of 18.92, a PEG ratio of 1.33 and a beta of 1.19. SMC has a one year low of $15.86 and a one year high of $27.77.

Analyst Ratings Changes

Separately, Zacks Research downgraded shares of SMC from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 6th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, SMC currently 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.