Analysts expect that Standard Motor Products, Inc. (NYSE:SMP) will announce $247.02 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Standard Motor Products’ earnings, with estimates ranging from $244.34 million to $249.70 million. Standard Motor Products posted sales of $239.98 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 2.9%. The business is expected to announce its next quarterly earnings results on Tuesday, February 19th.
On average, analysts expect that Standard Motor Products will report full-year sales of $1.09 billion for the current financial year. For the next financial year, analysts anticipate that the company will post sales of $1.14 billion, with estimates ranging from $1.13 billion to $1.15 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover Standard Motor Products.
Standard Motor Products (NYSE:SMP) last released its earnings results on Friday, October 26th. The auto parts company reported $0.83 EPS for the quarter, hitting analysts’ consensus estimates of $0.83. The company had revenue of $296.62 million during the quarter. Standard Motor Products had a net margin of 2.86% and a return on equity of 12.78%. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter last year, the business earned $0.74 earnings per share.
SMP stock opened at $52.24 on Monday. The company has a market capitalization of $1.17 billion, a P/E ratio of 18.46, a P/E/G ratio of 3.30 and a beta of 1.27. Standard Motor Products has a 52 week low of $42.50 and a 52 week high of $56.54.
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 3rd. Shareholders of record on Thursday, November 15th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date of this dividend is Wednesday, November 14th. Standard Motor Products’s dividend payout ratio is presently 29.68%.
In other Standard Motor Products news, CEO Eric Sills sold 1,015 shares of the firm’s stock in a transaction that occurred on Monday, October 15th. The shares were sold at an average price of $43.60, for a total transaction of $44,254.00. Following the completion of the transaction, the chief executive officer now directly owns 167,648 shares of the company’s stock, valued at approximately $7,309,452.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Ray Nicholas sold 1,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the vice president now directly owns 35,125 shares of the company’s stock, valued at $1,533,206.25. 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 over the last three months. 6.60% of the stock is currently owned by insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. BlueMountain Capital Management LLC increased its holdings in shares of Standard Motor Products by 56.3% during the 2nd quarter. BlueMountain Capital Management LLC now owns 16,623 shares of the auto parts company’s stock valued at $804,000 after purchasing an additional 5,985 shares in the last quarter. Schwab Charles Investment Management Inc. increased its holdings in shares of Standard Motor Products by 11.2% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 192,584 shares of the auto parts company’s stock valued at $9,310,000 after purchasing an additional 19,413 shares in the last quarter. BlackRock Inc. increased its holdings in shares of Standard Motor Products by 6.0% during the 2nd quarter. BlackRock Inc. now owns 2,818,096 shares of the auto parts company’s stock valued at $136,226,000 after purchasing an additional 158,939 shares in the last quarter. SG Americas Securities LLC purchased a new position in shares of Standard Motor Products during the 2nd quarter valued at approximately $354,000. Finally, Schroder Investment Management Group increased its holdings in shares of Standard Motor Products by 3.7% during the 2nd quarter. Schroder Investment Management Group now owns 356,989 shares of the auto parts company’s stock valued at $5,890,000 after purchasing an additional 12,831 shares in the last quarter. 82.47% of the stock is owned by institutional investors.
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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