SMC (OTCMKTS:SMCAY) Posts Quarterly Earnings Results, Beats Expectations By $0.04 EPS

SMC (OTCMKTS:SMCAY) posted its quarterly earnings data on Thursday. The company reported $0.23 earnings per share (EPS) for the quarter, topping 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%.

SMC Price Performance

SMCAY traded up $0.99 on Thursday, hitting $18.45. The company had a trading volume of 109,418 shares, compared to its average volume of 552,767. The stock has a fifty day simple moving average of $16.35 and a 200-day simple moving average of $16.98. The firm has a market capitalization of $23.57 billion, a P/E ratio of 24.60, a P/E/G ratio of 3.95 and a beta of 1.04. SMC has a 52-week low of $14.30 and a 52-week high of $22.34.

Analyst Ratings Changes

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