Headlines about Standard Motor Products (NYSE:SMP) have trended somewhat positive this week, according to Accern Sentiment. The research firm identifies positive and negative press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Standard Motor Products earned a media sentiment score of 0.07 on Accern’s scale. Accern also assigned news articles about the auto parts company an impact score of 43.2302252051657 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the media stories that may have impacted Accern’s scoring:
Standard Motor Products (SMP) traded down 4.78% during trading on Thursday, hitting $44.22. 231,070 shares of the stock traded hands. The company’s 50 day moving average price is $47.17 and its 200-day moving average price is $48.67. Standard Motor Products has a 52-week low of $43.29 and a 52-week high of $55.37. The stock has a market cap of $1.01 billion, a P/E ratio of 16.48 and a beta of 1.80.
Standard Motor Products (NYSE:SMP) last announced its earnings results on Thursday, October 26th. The auto parts company reported $0.74 EPS for the quarter, missing the consensus estimate of $0.86 by ($0.12). Standard Motor Products had a return on equity of 14.83% and a net margin of 5.55%. The business had revenue of $281.10 million for the quarter, compared to the consensus estimate of $302.77 million. During the same quarter in the previous year, the company posted $0.92 EPS. Standard Motor Products’s revenue for the quarter was down 6.5% on a year-over-year basis. Equities research analysts forecast that Standard Motor Products will post $2.87 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Wednesday, November 15th will be paid a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 1.72%. Standard Motor Products’s payout ratio is 28.36%.
Several analysts have recently issued reports on SMP shares. Zacks Investment Research lowered shares of Standard Motor Products from a “buy” rating to a “hold” rating in a research report on Tuesday, July 4th. BidaskClub upgraded shares of Standard Motor Products from a “hold” rating to a “buy” rating in a research report on Wednesday, July 5th. Jefferies Group LLC reiterated a “buy” rating on shares of Standard Motor Products in a research report on Friday, July 7th. Finally, ValuEngine downgraded shares of Standard Motor Products from a “buy” rating to a “hold” rating in a research note on Thursday, August 31st. Three investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Standard Motor Products has a consensus rating of “Hold” and a consensus price target of $54.00.
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In other news, Chairman Lawrence I. Sills sold 7,075 shares of the firm’s stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $44.45, for a total transaction of $314,483.75. Following the sale, the chairman now owns 704,696 shares of the company’s stock, valued at $31,323,737.20. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Eric Sills sold 1,060 shares of the firm’s stock in a transaction dated Monday, October 9th. The stock was sold at an average price of $48.59, for a total value of $51,505.40. The disclosure for this sale can be found here. Insiders sold 105,443 shares of company stock worth $4,744,091 in the last three months. Insiders own 6.60% of the company’s stock.
Standard Motor Products Company Profile
Standard Motor Products, Inc is an independent manufacturer and distributor of replacement parts for motor vehicles in the automotive aftermarket industry with a complementary focus on heavy duty, industrial equipment and the original equipment service market. The Company’s segments include Engine Management Segment and Temperature Control Segment.
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