SMC (OTCMKTS:SMCAY) Announces Earnings Results, Beats Estimates By $0.10 EPS

SMC (OTCMKTS:SMCAY) released its earnings results on Friday. The company reported $0.33 EPS 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 Performance

OTCMKTS SMCAY traded up $0.48 during trading on Friday, reaching $24.18. 463,979 shares of the company traded hands, compared to its average volume of 284,628. The stock’s 50 day moving average price is $21.81 and its two-hundred day moving average price is $21.84. The company has a market cap of $30.89 billion, a price-to-earnings ratio of 27.48, a P/E/G ratio of 2.46 and a beta of 1.10. SMC has a 1-year low of $14.31 and a 1-year high of $27.77.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. The Goldman Sachs Group downgraded shares of SMC from a “strong-buy” rating to a “neutral” rating in a report on Thursday, May 28th. Jefferies Financial Group upgraded 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 research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock 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.