SMC (OTCMKTS:SMCAY – Get Free Report) issued its earnings results on Friday. The company reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.10, Zacks reports. The business had revenue of $1.70 billion during the quarter, compared to analyst estimates of $1.54 billion. SMC had a return on equity of 8.15% and a net margin of 19.84%.
SMC Trading Up 2.0%
Shares of SMCAY opened at $24.18 on Friday. The firm has a market cap of $30.89 billion, a PE ratio of 23.48, a P/E/G ratio of 2.48 and a beta of 1.10. SMC has a 12 month low of $14.31 and a 12 month high of $27.77. The stock has a fifty day moving average price of $21.86 and a 200-day moving average price of $21.86.
Analyst Upgrades and Downgrades
Several brokerages have issued reports on SMCAY. The Goldman Sachs Group cut shares of SMC from a “strong-buy” rating to a “neutral” rating in a report on Thursday, May 28th. Jefferies Financial Group raised shares of SMC from a “buy” rating to a “buy” rating in a report on Tuesday, June 16th. Finally, Zacks Research lowered SMC from a “strong-buy” rating to a “hold” rating in a report on Monday, July 13th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock 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.
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