SMC (OTCMKTS:SMCAY) Posts Earnings Results, Beats Expectations By $0.03 EPS

SMC (OTCMKTS:SMCAY) announced its quarterly earnings results on Thursday. The company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.03, Zacks reports. SMC had a return on equity of 7.87% and a net margin of 19.72%.

SMC Trading Up 3.5%

SMCAY stock traded up $0.77 on Thursday, hitting $23.07. 229,735 shares of the company’s stock traded hands, compared to its average volume of 304,719. The stock has a market cap of $29.47 billion, a price-to-earnings ratio of 27.46, a P/E/G ratio of 5.66 and a beta of 0.97. SMC has a 1-year low of $14.30 and a 1-year high of $23.41. The stock has a fifty day moving average of $18.95 and a 200-day moving average of $17.39.

Analyst Ratings Changes

Separately, Zacks Research downgraded shares of SMC from a “hold” rating to a “strong sell” rating in a report on Wednesday, January 21st. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has an average rating of “Sell”.

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.