Brokerages expect Standard Motor Products, Inc. (NYSE:SMP) to post $301.31 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Standard Motor Products’ earnings. The highest sales estimate is $308.10 million and the lowest is $294.52 million. Standard Motor Products reported sales of $300.80 million during the same quarter last year, which would suggest a positive year over year growth rate of 0.2%. The business is expected to announce its next quarterly earnings report on Thursday, October 26th.
According to Zacks, analysts expect that Standard Motor Products will report full-year sales of $301.31 million for the current financial year, with estimates ranging from $1.13 billion to $1.14 billion. For the next year, analysts expect that the company will post 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 an average based on a survey of research analysts that follow Standard Motor Products.
Standard Motor Products (NYSE:SMP) last released its quarterly earnings results on Monday, July 31st. The auto parts company reported $0.81 EPS for the quarter, missing the consensus estimate of $0.99 by $0.18. Standard Motor Products had a net margin of 5.55% and a return on equity of 14.83%. The business had revenue of $312.73 million during the quarter. During the same quarter in the previous year, the company earned $0.88 EPS. Standard Motor Products’s revenue was up 8.2% on a year-over-year basis.
A number of analysts recently commented on the stock. BidaskClub upgraded shares of Standard Motor Products from a “hold” rating to a “buy” rating in a report on Wednesday, July 5th. Zacks Investment Research lowered shares of Standard Motor Products from a “buy” rating to a “hold” rating in a report on Tuesday, July 4th. Jefferies Group LLC restated a “buy” rating on shares of Standard Motor Products in a report on Friday, July 7th. Finally, ValuEngine lowered shares of Standard Motor Products from a “buy” rating to a “hold” rating in a report on Thursday. One investment analyst has rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the stock. Standard Motor Products has a consensus rating of “Hold” and a consensus target price of $55.67.
Shares of Standard Motor Products (SMP) opened at 44.10 on Friday. The firm has a market cap of $1.00 billion, a price-to-earnings ratio of 16.44 and a beta of 1.81. The company’s 50-day moving average is $47.64 and its 200-day moving average is $49.05. Standard Motor Products has a 12 month low of $43.29 and a 12 month high of $55.37.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Tuesday, August 15th will be issued a dividend of $0.19 per share. The ex-dividend date of this dividend is Friday, August 11th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.72%. Standard Motor Products’s dividend payout ratio is currently 28.36%.
In other news, Director Peter J. Sills sold 5,456 shares of the business’s stock in a transaction that occurred on Monday, June 5th. The shares were sold at an average price of $50.23, for a total transaction of $274,054.88. Following the sale, the director now owns 364,013 shares in the company, valued at $18,284,372.99. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Thomas Tesoro sold 3,950 shares of the business’s stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $47.91, for a total transaction of $189,244.50. Following the sale, the vice president now owns 29,026 shares in the company, valued at approximately $1,390,635.66. The disclosure for this sale can be found here. Insiders have sold 67,410 shares of company stock worth $3,165,588 in the last 90 days. 6.60% of the stock is owned by company insiders.
Several large investors have recently added to or reduced their stakes in SMP. State of Alaska Department of Revenue raised its stake in Standard Motor Products by 2.8% in the first quarter. State of Alaska Department of Revenue now owns 2,220 shares of the auto parts company’s stock worth $109,000 after buying an additional 60 shares in the last quarter. Envestnet Asset Management Inc. purchased a new stake in Standard Motor Products during the first quarter worth about $152,000. NN Investment Partners Holdings N.V. purchased a new stake in Standard Motor Products during the second quarter worth about $186,000. Victory Capital Management Inc. raised its stake in Standard Motor Products by 119.1% in the first quarter. Victory Capital Management Inc. now owns 4,125 shares of the auto parts company’s stock worth $203,000 after buying an additional 2,242 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC purchased a new stake in Standard Motor Products during the first quarter worth about $226,000. Institutional investors and hedge funds own 78.43% of the company’s stock.
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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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