SMC (SMCAY) Projected to Post Earnings on Wednesday

SMC (OTCMKTS:SMCAY) is projected to announce its resultson Wednesday, May 13th. Analysts expect the company to announce earnings of $0.22 per share and revenue of $1.4387 billion for the quarter.

SMC (OTCMKTS:SMCAY) last released its earnings results on Thursday, February 12th. The company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.19 by $0.03. The company had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $207.25 billion. SMC had a net margin of 19.41% and a return on equity of 7.80%. On average, analysts expect SMC to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

SMC Stock Up 1.1%

Shares of OTCMKTS:SMCAY opened at $23.97 on Wednesday. SMC has a fifty-two week low of $14.31 and a fifty-two week high of $25.03. The firm’s 50-day simple moving average is $21.76 and its 200-day simple moving average is $19.77. The company has a market cap of $30.62 billion, a price-to-earnings ratio of 28.54, a PEG ratio of 3.76 and a beta of 1.15.

Analysts Set New Price Targets

Separately, Zacks Research downgraded shares of SMC from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, SMC 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.