Zacks: Analysts Expect Standard Motor Products, Inc. (NYSE:SMP) to Post $0.80 EPS

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Analysts forecast that Standard Motor Products, Inc. (NYSE:SMP) will announce earnings of $0.80 per share for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Standard Motor Products’ earnings. Standard Motor Products reported earnings per share of $0.74 in the same quarter last year, which suggests a positive year-over-year growth rate of 8.1%. The business is scheduled to announce its next quarterly earnings results on Thursday, July 25th.

On average, analysts expect that Standard Motor Products will report full year earnings of $2.93 per share for the current year, with EPS estimates ranging from $2.88 to $2.97. For the next fiscal year, analysts forecast that the company will report earnings of $3.33 per share, with EPS estimates ranging from $3.15 to $3.51. Zacks’ EPS averages are a mean average based on a survey of research firms that cover Standard Motor Products.

Standard Motor Products (NYSE:SMP) last issued its earnings results on Tuesday, April 30th. The auto parts company reported $0.57 EPS for the quarter, missing the Thomson Reuters’ 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 for the quarter, compared to the consensus estimate of $278.13 million. During the same quarter in the prior year, the firm posted $0.46 earnings per share. The business’s revenue was up 8.4% compared to the same quarter last year.

NYSE:SMP traded down $0.10 during mid-day trading on Thursday, hitting $44.71. 51,091 shares of the stock were exchanged, compared to its average volume of 82,282. The stock has a market cap of $1.01 billion, a PE ratio of 17.53, a price-to-earnings-growth ratio of 1.39 and a beta of 1.10. The stock’s 50-day moving average price is $44.44. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.68 and a quick ratio of 0.62. Standard Motor Products has a fifty-two week low of $42.03 and a fifty-two week high of $56.54.

In other Standard Motor Products news, Chairman Lawrence I. Sills sold 2,215 shares of the company’s stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $46.42, for a total value of $102,820.30. Following the sale, the chairman now owns 664,612 shares in the company, valued at approximately $30,851,289.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Pamela Forbes Lieberman sold 4,000 shares of the business’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $49.23, for a total value of $196,920.00. Following the completion of the transaction, the director now directly owns 64,874 shares in the company, valued at $3,193,747.02. The disclosure for this sale can be found here. Insiders sold a total of 32,536 shares of company stock valued at $1,494,933 over the last ninety days. Insiders own 6.60% of the company’s stock.

Several institutional investors have recently modified their holdings of the company. Bank of Montreal Can raised its stake in shares of Standard Motor Products by 18.0% in the 1st quarter. Bank of Montreal Can now owns 1,272 shares of the auto parts company’s stock valued at $62,000 after acquiring an additional 194 shares during the period. Investors Research Corp acquired a new position in Standard Motor Products during the 1st quarter worth approximately $74,000. PNC Financial Services Group Inc. grew its holdings in Standard Motor Products by 14.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,581 shares of the auto parts company’s stock worth $125,000 after acquiring an additional 323 shares in the last quarter. Advisor Group Inc. grew its holdings in Standard Motor Products by 21.4% during the 4th quarter. Advisor Group Inc. now owns 3,274 shares of the auto parts company’s stock worth $159,000 after acquiring an additional 578 shares in the last quarter. Finally, Ibex Investors LLC acquired a new position in shares of Standard Motor Products in the 4th quarter valued at $214,000. 79.69% of the stock is owned by hedge funds and other institutional investors.

Standard Motor Products Company Profile

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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