Equities research analysts expect Standard Motor Products, Inc. (NYSE:SMP) to report earnings per share of $0.82 for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Standard Motor Products’ earnings. The highest EPS estimate is $0.84 and the lowest is $0.80. Standard Motor Products reported earnings of $0.74 per share during the same quarter last year, which indicates a positive year over year growth rate of 10.8%. The business is scheduled to issue its next earnings report on Thursday, July 25th.
On average, analysts expect that Standard Motor Products will report full-year earnings of $2.94 per share for the current financial year, with EPS estimates ranging from $2.88 to $3.00. For the next year, analysts anticipate that the business will report earnings of $3.35 per share, with EPS estimates ranging from $3.15 to $3.54. Zacks’ EPS calculations are an average based on a survey of analysts that cover Standard Motor Products.
Standard Motor Products (NYSE:SMP) last released its quarterly earnings data on Tuesday, April 30th. The auto parts company reported $0.57 earnings per share for the quarter, missing the consensus estimate of $0.60 by ($0.03). Standard Motor Products had a return on equity of 13.02% and a net margin of 4.24%. The business had revenue of $283.80 million during the quarter, compared to analysts’ expectations of $278.13 million. During the same quarter last year, the business posted $0.46 EPS. The company’s quarterly revenue was up 8.4% compared to the same quarter last year.
Shares of Standard Motor Products stock traded down $0.18 on Tuesday, reaching $45.58. The company’s stock had a trading volume of 1,324 shares, compared to its average volume of 79,433. The company has a market cap of $986.83 million, a P/E ratio of 17.88, a price-to-earnings-growth ratio of 1.36 and a beta of 1.11. The company’s fifty day moving average price is $45.45. Standard Motor Products has a 52 week low of $42.03 and a 52 week high of $56.54. The company has a quick ratio of 0.62, a current ratio of 1.68 and a debt-to-equity ratio of 0.06.
The firm also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Wednesday, May 15th were issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.02%. The ex-dividend date of this dividend was Tuesday, May 14th. Standard Motor Products’s payout ratio is 36.08%.
In related news, insider Lawrence I. Sills sold 3,757 shares of Standard Motor Products stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $45.59, for a total value of $171,281.63. Following the completion of the sale, the insider now owns 649,357 shares of the company’s stock, valued at $29,604,185.63. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Lawrence I. Sills sold 2,215 shares of Standard Motor Products stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $46.42, for a total value of $102,820.30. Following the completion of the sale, the chairman now directly owns 664,612 shares of the company’s stock, valued at approximately $30,851,289.04. The disclosure for this sale can be found here. In the last three months, insiders sold 25,536 shares of company stock valued at $1,185,183. Corporate insiders own 6.60% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of SMP. Bank of Montreal Can lifted its position in shares of Standard Motor Products by 18.0% in the first quarter. Bank of Montreal Can now owns 1,272 shares of the auto parts company’s stock worth $62,000 after buying an additional 194 shares in the last quarter. Investors Research Corp bought a new position in shares of Standard Motor Products during the first quarter valued at approximately $74,000. PNC Financial Services Group Inc. grew its stake in shares of Standard Motor Products by 14.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,581 shares of the auto parts company’s stock valued at $125,000 after buying an additional 323 shares during the last quarter. Advisor Group Inc. grew its stake in shares of Standard Motor Products by 21.4% during the fourth quarter. Advisor Group Inc. now owns 3,274 shares of the auto parts company’s stock valued at $159,000 after buying an additional 578 shares during the last quarter. Finally, Ibex Investors LLC bought a new position in shares of Standard Motor Products during the fourth quarter valued at approximately $214,000. 79.69% of the stock is owned by institutional investors.
About Standard Motor Products
Standard Motor Products, Inc manufactures and distributes replacement parts for motor vehicles in the automotive aftermarket industry. The company operates in two segments, Engine Management and Temperature Control. The Engine Management segment offers electronic ignition control modules, new and remanufactured fuel injectors, ignition wires, coils, switches, relays, EGR valves, distributor caps and rotors, sensors, electronic throttle bodies, keyless entry transmitters, safety-related components, and other engine management components.
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