Brokerages forecast that Standard Motor Products, Inc. (NYSE:SMP) will announce $0.61 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Standard Motor Products’ earnings, with estimates ranging from $0.57 to $0.65. Standard Motor Products posted earnings per share of $0.54 in the same quarter last year, which would suggest a positive year over year growth rate of 13%. The company is scheduled to issue its next earnings report on Tuesday, February 19th.
According to Zacks, analysts expect that Standard Motor Products will report full year earnings of $2.64 per share for the current financial year, with EPS estimates ranging from $2.60 to $2.68. For the next fiscal year, analysts forecast that the business will post earnings of $3.41 per share, with EPS estimates ranging from $3.38 to $3.44. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that cover Standard Motor Products.
Standard Motor Products (NYSE:SMP) last posted its quarterly earnings data on Friday, October 26th. The auto parts company reported $0.83 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.83. Standard Motor Products had a net margin of 2.86% and a return on equity of 12.78%. The firm had revenue of $296.62 million for the quarter. During the same quarter last year, the business earned $0.74 earnings per share. The business’s quarterly revenue was up 5.5% on a year-over-year basis.
Standard Motor Products stock traded up $0.09 during midday trading on Friday, reaching $52.24. The company’s stock had a trading volume of 55,552 shares, compared to its average volume of 135,683. Standard Motor Products has a fifty-two week low of $42.50 and a fifty-two week high of $56.54. The company has a market cap of $1.17 billion, a P/E ratio of 18.46, a price-to-earnings-growth ratio of 3.29 and a beta of 1.27.
The company also recently declared a quarterly dividend, which will be paid on Monday, December 3rd. Stockholders of record on Thursday, November 15th will be paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 1.61%. The ex-dividend date is Wednesday, November 14th. Standard Motor Products’s dividend payout ratio (DPR) is presently 29.68%.
In other news, VP Ray Nicholas sold 1,000 shares of Standard Motor Products stock in a transaction on Monday, October 15th. The stock was sold at an average price of $43.65, for a total transaction of $43,650.00. Following the completion of the transaction, the vice president now owns 35,125 shares of the company’s stock, valued at approximately $1,533,206.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Carmine Joseph Broccole sold 825 shares of Standard Motor Products stock in a transaction on Monday, October 15th. The stock was sold at an average price of $44.07, for a total value of $36,357.75. Following the transaction, the senior vice president now directly owns 55,231 shares of the company’s stock, valued at approximately $2,434,030.17. The disclosure for this sale can be found here. Insiders have sold a total of 5,215 shares of company stock valued at $236,006 in the last ninety days. Corporate insiders own 6.60% of the company’s stock.
Large investors have recently added to or reduced their stakes in the company. US Bancorp DE raised its stake in Standard Motor Products by 121.9% in the 2nd quarter. US Bancorp DE now owns 2,135 shares of the auto parts company’s stock valued at $104,000 after purchasing an additional 1,173 shares during the last quarter. Bruderman Asset Management LLC purchased a new stake in Standard Motor Products in the 2nd quarter valued at about $125,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in shares of Standard Motor Products during the 2nd quarter worth about $207,000. Itau Unibanco Holding S.A. purchased a new stake in shares of Standard Motor Products during the 2nd quarter worth about $209,000. Finally, Tower Research Capital LLC TRC grew its holdings in shares of Standard Motor Products by 2,536.4% during the 3rd quarter. Tower Research Capital LLC TRC now owns 5,642 shares of the auto parts company’s stock worth $278,000 after purchasing an additional 5,428 shares during the period. 82.47% of the stock is owned by institutional investors and hedge funds.
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.
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