SMC (OTCMKTS:SMCAY) Issues Earnings Results, Beats Expectations By $0.02 EPS

SMC (OTCMKTS:SMCAY) released its earnings results on Thursday. The company reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.02, Zacks reports. SMC had a return on equity of 7.80% and a net margin of 19.41%.The business had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.46 billion.

SMC Stock Performance

OTCMKTS SMCAY traded down $3.38 during trading on Friday, reaching $21.50. 121,219 shares of the company traded hands, compared to its average volume of 329,864. The stock’s 50 day moving average price is $22.03 and its two-hundred day moving average price is $20.21. The company has a market cap of $27.46 billion, a price-to-earnings ratio of 25.59, a P/E/G ratio of 4.25 and a beta of 1.15. SMC has a 1-year low of $14.31 and a 1-year high of $27.77.

Wall Street Analysts Forecast Growth

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