What is Zacks Research’s Forecast for SMP FY2024 Earnings?

Standard Motor Products, Inc. (NYSE:SMP) – Equities research analysts at Zacks Research upped their FY2024 earnings per share (EPS) estimates for Standard Motor Products in a note issued to investors on Wednesday, November 20th. Zacks Research analyst L. Shahu now anticipates that the auto parts company will post earnings per share of $3.08 for the year, up from their previous forecast of $3.00. The consensus estimate for Standard Motor Products’ current full-year earnings is $3.03 per share. Zacks Research also issued estimates for Standard Motor Products’ Q4 2024 earnings at $0.37 EPS, Q1 2025 earnings at $0.57 EPS, Q2 2025 earnings at $1.03 EPS, Q3 2025 earnings at $1.20 EPS, Q4 2025 earnings at $0.63 EPS, FY2025 earnings at $3.42 EPS, Q1 2026 earnings at $0.75 EPS, Q2 2026 earnings at $1.00 EPS, Q3 2026 earnings at $1.22 EPS and FY2026 earnings at $3.72 EPS.

Standard Motor Products (NYSE:SMP) last posted its quarterly earnings results on Wednesday, October 30th. The auto parts company reported $1.28 EPS for the quarter, topping analysts’ consensus estimates of $1.09 by $0.19. The business had revenue of $399.27 million during the quarter, compared to analysts’ expectations of $396.10 million. Standard Motor Products had a net margin of 2.56% and a return on equity of 10.42%. The business’s quarterly revenue was up 3.3% on a year-over-year basis. During the same period last year, the company posted $1.11 earnings per share.

Standard Motor Products Stock Up 1.4 %

Shares of NYSE:SMP opened at $32.04 on Friday. Standard Motor Products has a 52-week low of $26.09 and a 52-week high of $41.71. The business’s 50 day simple moving average is $32.26 and its two-hundred day simple moving average is $31.03. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.82 and a current ratio of 2.25. The firm has a market cap of $695.84 million, a P/E ratio of 19.78 and a beta of 0.51.

Standard Motor Products Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 15th will be given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 3.62%. The ex-dividend date of this dividend is Friday, November 15th. Standard Motor Products’s payout ratio is presently 71.61%.

Insider Activity at Standard Motor Products

In other news, insider Carmine Joseph Broccole sold 913 shares of the company’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $34.96, for a total value of $31,918.48. Following the completion of the sale, the insider now owns 81,241 shares in the company, valued at $2,840,185.36. This represents a 1.11 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Eric Sills sold 1,721 shares of the firm’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $34.97, for a total transaction of $60,183.37. Following the transaction, the chief executive officer now directly owns 175,651 shares in the company, valued at $6,142,515.47. The trade was a 0.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 6,454 shares of company stock valued at $225,701. 5.00% of the stock is owned by corporate insiders.

Institutional Trading of Standard Motor Products

Institutional investors and hedge funds have recently modified their holdings of the business. GAMMA Investing LLC grew its stake in Standard Motor Products by 153.8% in the 3rd quarter. GAMMA Investing LLC now owns 906 shares of the auto parts company’s stock valued at $30,000 after purchasing an additional 549 shares during the period. Louisiana State Employees Retirement System boosted its holdings in shares of Standard Motor Products by 6.4% in the 3rd quarter. Louisiana State Employees Retirement System now owns 10,000 shares of the auto parts company’s stock worth $332,000 after buying an additional 600 shares during the last quarter. US Bancorp DE grew its position in Standard Motor Products by 7.7% during the third quarter. US Bancorp DE now owns 8,533 shares of the auto parts company’s stock valued at $283,000 after buying an additional 608 shares during the period. Thrivent Financial for Lutherans increased its holdings in Standard Motor Products by 4.0% during the third quarter. Thrivent Financial for Lutherans now owns 16,198 shares of the auto parts company’s stock worth $538,000 after buying an additional 624 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its position in Standard Motor Products by 3.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 18,396 shares of the auto parts company’s stock worth $618,000 after acquiring an additional 634 shares during the period. 81.26% 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 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.