Equities research analysts expect that Standard Motor Products, Inc. (NYSE:SMP) will report $301.31 million in sales for the current quarter, according to Zacks. Two analysts have provided estimates for Standard Motor Products’ earnings. The lowest sales estimate is $294.52 million and the highest is $308.10 million. Standard Motor Products reported sales of $300.80 million in the same quarter last year, which would suggest a positive year over year growth rate of 0.2%. The business is scheduled to issue its next earnings results on Thursday, October 26th.
On average, analysts expect that Standard Motor Products will report full-year sales of $301.31 million for the current fiscal year, with estimates ranging from $1.13 billion to $1.14 billion. For the next financial year, analysts anticipate that the firm will report sales of $1.17 billion per share, with estimates ranging from $1.16 billion to $1.18 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that cover Standard Motor Products.
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 firm had revenue of $281.10 million during the quarter, compared to analyst estimates of $302.77 million. During the same quarter in the previous year, the business earned $0.92 earnings per share. The business’s quarterly revenue was down 6.5% compared to the same quarter last year.
Several brokerages recently issued reports on SMP. Jefferies Group LLC reiterated a “buy” rating and issued a $60.00 price objective on shares of Standard Motor Products in a research report on Wednesday, August 9th. BidaskClub lowered Standard Motor Products from a “buy” rating to a “hold” rating in a research report on Monday, August 7th. Zacks Investment Research lowered Standard Motor Products from a “hold” rating to a “sell” rating in a research report on Friday, August 4th. Finally, ValuEngine lowered Standard Motor Products from a “buy” rating to a “hold” rating in a research report on Thursday, August 31st. Three investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $54.00.
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In other Standard Motor Products news, VP Thomas Tesoro sold 3,950 shares of the company’s stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $47.91, for a total transaction of $189,244.50. Following the completion of the transaction, the vice president now owns 29,026 shares of the company’s stock, valued at approximately $1,390,635.66. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Peter J. Sills sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, October 23rd. The stock was sold at an average price of $47.14, for a total value of $117,850.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 105,443 shares of company stock valued at $4,744,091. Insiders own 6.60% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in SMP. Envestnet Asset Management Inc. acquired a new stake in shares of Standard Motor Products in the 1st quarter valued at approximately $152,000. NN Investment Partners Holdings N.V. acquired a new stake in shares of Standard Motor Products in the 2nd quarter valued at approximately $186,000. Victory Capital Management Inc. boosted its holdings in shares of Standard Motor Products by 119.1% in the 1st quarter. Victory Capital Management Inc. now owns 4,125 shares of the auto parts company’s stock valued at $203,000 after buying an additional 2,242 shares during the last quarter. State of Alaska Department of Revenue boosted its holdings in shares of Standard Motor Products by 78.5% in the 2nd quarter. State of Alaska Department of Revenue now owns 3,962 shares of the auto parts company’s stock valued at $206,000 after buying an additional 1,742 shares during the last quarter. Finally, Piedmont Investment Advisors LLC acquired a new stake in shares of Standard Motor Products in the 2nd quarter valued at approximately $227,000. 78.41% of the stock is owned by institutional investors.
Shares of Standard Motor Products (SMP) opened at 44.22 on Friday. The company’s 50 day moving average is $47.17 and its 200 day moving average is $48.67. Standard Motor Products has a 12-month low of $43.29 and a 12-month high of $55.37. The firm has a market capitalization of $1.01 billion, a PE ratio of 16.48 and a beta of 1.80.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Wednesday, November 15th will be given a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 1.72%. Standard Motor Products’s dividend payout ratio is presently 28.36%.
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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