Standard Motor Products (SMP) Expected to Post Earnings of $0.67 Per Share

Brokerages expect Standard Motor Products (NYSE:SMP) to report $0.67 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Standard Motor Products’ earnings. The lowest EPS estimate is $0.65 and the highest is $0.69. Standard Motor Products reported earnings of $0.74 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 9.5%. The firm is scheduled to report its next quarterly earnings report on Wednesday, May 2nd.

According to Zacks, analysts expect that Standard Motor Products will report full-year earnings of $3.35 per share for the current financial year, with EPS estimates ranging from $3.19 to $3.51. For the next fiscal year, analysts anticipate that the firm will post earnings of $3.90 per share, with EPS estimates ranging from $3.83 to $3.96. Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that cover Standard Motor Products.

How to Become a New Pot Stock Millionaire

Standard Motor Products (NYSE:SMP) last posted its quarterly earnings data on Tuesday, February 20th. The auto parts company reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.16. Standard Motor Products had a return on equity of 14.15% and a net margin of 3.40%. The company had revenue of $239.98 million during the quarter. During the same period in the previous year, the business posted $0.42 earnings per share. The firm’s revenue was up 4.4% compared to the same quarter last year.

A number of analysts have weighed in on the company. Zacks Investment Research raised Standard Motor Products from a “hold” rating to a “buy” rating and set a $57.00 price objective for the company in a research report on Thursday, February 22nd. ValuEngine cut Standard Motor Products from a “buy” rating to a “hold” rating in a report on Tuesday, March 20th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $55.00.

Standard Motor Products stock traded up $0.43 during mid-day trading on Friday, reaching $47.57. 91,344 shares of the company were exchanged, compared to its average volume of 97,131. Standard Motor Products has a twelve month low of $40.56 and a twelve month high of $54.73. The stock has a market capitalization of $1,075.94, a price-to-earnings ratio of 16.81, a PEG ratio of 2.37 and a beta of 1.76.

In other news, Director John P. Gethin sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $49.50, for a total value of $247,500.00. Following the completion of the sale, the director now directly owns 20,850 shares of the company’s stock, valued at approximately $1,032,075. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 6.60% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently bought and sold shares of SMP. Crossmark Global Holdings Inc. acquired a new stake in shares of Standard Motor Products in the 4th quarter valued at approximately $239,000. SG Americas Securities LLC acquired a new stake in shares of Standard Motor Products in the 3rd quarter valued at approximately $309,000. Teacher Retirement System of Texas acquired a new stake in shares of Standard Motor Products in the 4th quarter valued at approximately $320,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Standard Motor Products in the 3rd quarter valued at approximately $358,000. Finally, Symons Capital Management Inc. acquired a new stake in shares of Standard Motor Products in the 4th quarter valued at approximately $362,000. 80.53% of the stock is owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION NOTICE: This story was first posted by WKRB News and is the property of of WKRB News. If you are accessing this story on another site, it was illegally stolen and reposted in violation of U.S. & international copyright & trademark law. The legal version of this story can be viewed at https://www.wkrb13.com/2018/04/01/standard-motor-products-smp-expected-to-post-earnings-of-0-67-per-share.html.

Standard Motor Products Company Profile

Standard Motor Products, Inc manufactures and distributes replacement parts for motor vehicles in the automotive aftermarket industry. Its Engine Management segment manufactures and distributes engine management replacement parts, including electronic ignition control modules, fuel injectors, remanufactured diesel injectors and pumps, ignition wires, coils, switches, relays, EGR valves, distributor caps and rotors, various sensors primarily measuring temperature, vehicle systems, electronic throttle bodies, and other engine management components primarily under the Standard, Blue Streak, BWD, Select, Intermotor, OEM, LockSmart, TechSmart, Tech Expert, and GP Sorensen brands.

Get a free copy of the Zacks research report on Standard Motor Products (SMP)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Standard Motor Products (NYSE:SMP)

Receive News & Ratings for Standard Motor Products Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Standard Motor Products and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply