SMC CORP JAPAN/S (OTCMKTS:SMCAY) Upgraded by Zacks Investment Research to “Hold”
According to Zacks, “SMC Corp. engages in the manufacture, processing and sale of automatic control equipment. It also manufactures and sells filters and filtration equipment. The company operates through the Automatic Control Equipment and Others segments. Automatic Control Equipment segment manufactures and sale of air preparation equipment, pressure control equipment, directional control valves and actuators. Others segment includes the commercial warehousing business. SMC Corp. is headquartered in Tokyo, Japan. “
Other equities research analysts also recently issued reports about the company. ValuEngine raised SMC CORP JAPAN/S from a “sell” rating to a “hold” rating in a report on Thursday, April 2nd. Goldman Sachs Group cut shares of SMC CORP JAPAN/S from a “conviction-buy” rating to a “buy” rating in a report on Tuesday, June 23rd.
SMC CORP JAPAN/S (OTCMKTS:SMCAY) last posted its quarterly earnings results on Friday, May 15th. The company reported $0.19 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.12 by $0.07. The company had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.07 billion. SMC CORP JAPAN/S had a return on equity of 8.91% and a net margin of 21.01%. As a group, sell-side analysts anticipate that SMC CORP JAPAN/S will post 0.74 earnings per share for the current fiscal year.
About SMC CORP JAPAN/S
SMC Corporation manufactures, processes, and sells automatic control equipment, sintered filters, and various types of filtration equipment worldwide. The company offers directional control valves, air cylinders, rotary actuators/air grippers, electric actuators/cylinders, vacuum equipment, air preparation equipment, modular F.R.L./pressure control equipment, lubrication equipment, fittings and tubing, flow control equipment, speed controllers, silencers/exhaust cleaners/blow guns/pressure gauges, switches/sensors/controllers, and static neutralization equipment.
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