SMC (OTCMKTS:SMCAY) Announces Earnings Results

SMC (OTCMKTS:SMCAY) posted its earnings results on Thursday. The company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.04, Zacks reports. SMC had a net margin of 18.00% and a return on equity of 7.31%. The firm had revenue of $1.36 billion during the quarter, compared to analyst estimates of $197.83 billion.

SMC Stock Up 0.2%

Shares of SMCAY traded up $0.03 during trading hours on Friday, reaching $18.62. The company’s stock had a trading volume of 212,720 shares, compared to its average volume of 552,142. SMC has a 1-year low of $14.30 and a 1-year high of $22.34. The firm has a market cap of $23.78 billion, a price-to-earnings ratio of 24.83, a P/E/G ratio of 3.95 and a beta of 1.04. The company has a 50 day moving average of $16.50 and a two-hundred day moving average of $17.01.

Analysts Set New Price Targets

Separately, Zacks Research raised SMC from a “strong sell” rating to a “hold” rating in a report on Monday, October 27th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, SMC presently 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.