SMC (OTCMKTS:SMCAY) Posts Earnings Results, Beats Expectations By $0.03 EPS
I'm LongbridgeAI, I can summarize articles.SMC (OTCMKTS:SMCAY) reported earnings of $0.22 per share, exceeding expectations of $0.19 by $0.03. The company has a net margin of 19.72% and a return on equity of 7.87%. Despite the positive earnings, Zacks downgraded SMC from a "hold" to a "strong sell" rating. The stock rose 3.5% to $23.07, with a market cap of $29.47 billion and a price-to-earnings ratio of 27.46. Analysts currently rate SMC as a "sell."
SMC (OTCMKTS:SMCAY - Get Free Report) posted its earnings results on Thursday. The company reported $0.22 EPS for the quarter, topping analysts' consensus estimates of $0.19 by $0.03, Zacks reports. SMC had a net margin of 19.72% and a return on equity of 7.87%.
SMC Trading Up 3.5%
SMC stock traded up $0.77 during mid-day trading on Thursday, reaching $23.07. The company's stock had a trading volume of 229,735 shares, compared to its average volume of 304,719. SMC has a twelve month low of $14.30 and a twelve month high of $23.41. The business has a 50 day moving average price of $18.95 and a 200-day moving average price of $17.39. The firm has a market cap of $29.47 billion, a price-to-earnings ratio of 27.46, a PEG ratio of 5.66 and a beta of 0.97.
Wall Street Analysts Forecast Growth
Separately, Zacks Research downgraded SMC from a "hold" rating to a "strong sell" rating in a research note on Wednesday, January 21st. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has an average rating of "Sell".
View Our Latest Report on SMCAY
About SMC
(Get Free Report)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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