Standard Motor Products (SMP) Set to Announce Earnings on Thursday

Standard Motor Products (NYSE:SMP) will be issuing its quarterly earnings data before the market opens on Thursday, August 1st. Analysts expect the company to announce earnings of $0.78 per share for the quarter.

Standard Motor Products (NYSE:SMP) last announced its quarterly earnings results on Wednesday, May 1st. The auto parts company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.40 by $0.05. The company had revenue of $331.40 million for the quarter, compared to the consensus estimate of $321.84 million. Standard Motor Products had a return on equity of 9.48% and a net margin of 2.28%. The company’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.61 earnings per share. On average, analysts expect Standard Motor Products to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Standard Motor Products Stock Performance

Shares of NYSE:SMP traded up $0.12 during midday trading on Tuesday, hitting $32.09. The company’s stock had a trading volume of 28,459 shares, compared to its average volume of 144,619. The stock has a market capitalization of $700.20 million, a price-to-earnings ratio of 22.96 and a beta of 0.52. Standard Motor Products has a fifty-two week low of $26.09 and a fifty-two week high of $41.71. The stock’s 50 day simple moving average is $29.34 and its 200 day simple moving average is $32.91. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.92 and a current ratio of 2.66.

Standard Motor Products Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 3rd. Stockholders of record on Wednesday, May 15th were paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.61%. The ex-dividend date was Tuesday, May 14th. Standard Motor Products’s dividend payout ratio is 83.45%.

Wall Street Analyst Weigh In

Separately, Roth Mkm reissued a “buy” rating and set a $42.00 price objective on shares of Standard Motor Products in a report on Thursday, May 23rd.

Standard Motor Products Company Profile

Standard Motor Products, Inc manufactures and distributes replacement automotive parts in the United States and internationally. The company operates through three segments: Vehicle Control, Temperature Control, and Engineered Solutions segments. The company provides components for the ignition, emissions, and fuel delivery systems, such as air injection and induction components, air management valves, regulators and solenoids, exhaust gas recirculation components, fuel injectors and related components, fuel valves, ignition coils, connectors and sockets, modules, pumps, relays and fuses, starting and charging system parts, and vapor and purge components.