News coverage about Standard Motor Products (NYSE:SMP) has trended somewhat positive recently, according to Accern Sentiment Analysis. Accern identifies negative and positive press coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Standard Motor Products earned a coverage optimism score of 0.17 on Accern’s scale. Accern also gave media coverage about the auto parts company an impact score of 41 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the headlines that may have impacted Accern Sentiment’s scoring:
- Zacks Investment Research Downgrades Standard Motor Products, Inc. (NYSE:SMP) to Sell (americanbankingnews.com)
- Standard Motor Products, Inc. :SMP-US: Earnings Analysis: Q2, 2017 By the Numbers : August 3, 2017 (finance.yahoo.com)
- Jefferies Group Weighs in on Standard Motor Products, Inc.’s Q3 2017 Earnings (NYSE:SMP) (americanbankingnews.com)
- Insider Selling: Standard Motor Products, Inc. (NYSE:SMP) VP Sells 3,950 Shares of Stock (americanbankingnews.com)
- Brokers Issue Forecasts for Standard Motor Products, Inc.’s Q4 2017 Earnings (NYSE:SMP) (americanbankingnews.com)
Shares of Standard Motor Products (NYSE SMP) traded up 0.85% during midday trading on Tuesday, reaching $46.06. The company’s stock had a trading volume of 118,898 shares. The firm’s 50 day moving average is $51.17 and its 200 day moving average is $49.78. Standard Motor Products has a 52 week low of $42.11 and a 52 week high of $55.37. The firm has a market capitalization of $1.05 billion, a price-to-earnings ratio of 17.17 and a beta of 1.81.
Standard Motor Products (NYSE:SMP) last announced its earnings results on Monday, July 31st. The auto parts company reported $0.81 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.99 by $0.18. Standard Motor Products had a return on equity of 14.83% and a net margin of 5.55%. The business had revenue of $312.73 million for the quarter. During the same quarter last year, the firm posted $0.88 earnings per share. The business’s revenue was up 8.2% on a year-over-year basis. Equities analysts forecast that Standard Motor Products will post $2.87 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Tuesday, August 15th will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.65%. The ex-dividend date of this dividend is Friday, August 11th. Standard Motor Products’s payout ratio is 28.36%.
SMP has been the topic of several recent analyst reports. BidaskClub raised Standard Motor Products from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. Jefferies Group LLC reissued a “buy” rating on shares of Standard Motor Products in a research note on Friday, July 7th. Finally, Zacks Investment Research lowered Standard Motor Products from a “buy” rating to a “hold” rating in a research note on Tuesday, July 4th.
In other news, Director Peter J. Sills sold 1,344 shares of the company’s stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $50.29, for a total transaction of $67,589.76. Following the completion of the transaction, the director now directly owns 360,713 shares of the company’s stock, valued at $18,140,256.77. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Lawrence I. Sills sold 4,800 shares of the company’s stock in a transaction that occurred on Tuesday, June 13th. The shares were sold at an average price of $50.83, for a total value of $243,984.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 32,950 shares of company stock valued at $1,655,699. 6.60% of the stock is owned by corporate insiders.
About Standard Motor Products
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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