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

SMC (OTCMKTS:SMCAY) announced its 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. SMC had a return on equity of 8.15% and a net margin of 19.84%.

SMC Price Performance

SMC stock traded up $0.48 during mid-day trading on Friday, reaching $24.18. The stock had a trading volume of 463,979 shares, compared to its average volume of 285,125. The company has a market capitalization of $30.89 billion, a price-to-earnings ratio of 27.48, a PEG ratio of 2.46 and a beta of 1.10. The company has a 50-day moving average price of $21.81 and a two-hundred day moving average price of $21.84. SMC has a one year low of $14.31 and a one year high of $27.77.

Analyst Ratings Changes

SMCAY has been the topic of several recent research reports. Jefferies Financial Group raised SMC from a “buy” rating to a “buy” rating in a research note on Tuesday, June 16th. Zacks Research lowered SMC from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 13th. Finally, The Goldman Sachs Group lowered shares of SMC from a “strong-buy” rating to a “neutral” rating in a research note on Thursday, May 28th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company 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. 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.