SMC (SMCAY) Expected to Announce Quarterly Earnings on Thursday

SMC (OTCMKTS:SMCAY) is projected to release its results after the market closes on Thursday, November 12th. Analysts expect the company to announce earnings of $0.23 per share and revenue of $1.68 billion for the quarter.

SMC (OTCMKTS:SMCAY) last issued its earnings results on Friday, August 7th. The company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.10. 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 9.40% and a net margin of 21.94%. On average, analysts expect SMC to post $1.06 EPS for the current fiscal year and $1.14 EPS for the next fiscal year.

SMC Stock Performance

SMCAY stock opened at $18.85 on Tuesday. The company has a market capitalization of $24.08 billion, a PE ratio of 19.41, a price-to-earnings-growth ratio of 1.41 and a beta of 1.19. SMC has a one year low of $15.86 and a one year high of $27.77. The company’s 50 day moving average price is $21.39 and its two-hundred day moving average price is $21.87.

Analyst Upgrades and Downgrades

Separately, Zacks Research cut shares of SMC from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 6th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Hold”.

SMC Company Profile