Zacks: Brokerages Anticipate Standard Motor Products, Inc. (NYSE:SMP) Will Post Earnings of $0.82 Per Share

Equities analysts predict that Standard Motor Products, Inc. (NYSE:SMP) will post $0.82 earnings per share for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Standard Motor Products’ earnings, with the highest EPS estimate coming in at $0.84 and the lowest estimate coming in at $0.80. Standard Motor Products posted earnings per share of $0.74 in the same quarter last year, which suggests a positive year over year growth rate of 10.8%. The company is scheduled to issue its next quarterly earnings report on Thursday, July 25th.

On average, analysts expect that Standard Motor Products will report full-year earnings of $2.94 per share for the current fiscal year, with EPS estimates ranging from $2.88 to $3.00. For the next year, analysts expect that the company will post earnings of $3.35 per share, with EPS estimates ranging from $3.15 to $3.54. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that cover Standard Motor Products.

Standard Motor Products (NYSE:SMP) last issued its quarterly earnings data on Tuesday, April 30th. The auto parts company reported $0.57 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.60 by ($0.03). The business had revenue of $283.80 million during the quarter, compared to the consensus estimate of $278.13 million. Standard Motor Products had a return on equity of 13.02% and a net margin of 4.24%. Standard Motor Products’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.46 earnings per share.

In related news, Chairman Lawrence I. Sills sold 2,215 shares of Standard Motor Products stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $46.42, for a total transaction of $102,820.30. Following the sale, the chairman now directly owns 664,612 shares in the company, valued at $30,851,289.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Thomas Tesoro sold 1,851 shares of Standard Motor Products stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $48.00, for a total value of $88,848.00. Following the sale, the vice president now owns 31,121 shares in the company, valued at $1,493,808. The disclosure for this sale can be found here. Insiders have sold 25,536 shares of company stock worth $1,185,183 over the last 90 days. 6.60% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SMP. Bank of Montreal Can boosted its position in shares of Standard Motor Products by 18.0% during the first quarter. Bank of Montreal Can now owns 1,272 shares of the auto parts company’s stock valued at $62,000 after purchasing an additional 194 shares in the last quarter. Investors Research Corp bought a new stake in shares of Standard Motor Products during the first quarter valued at approximately $74,000. PNC Financial Services Group Inc. boosted its position in shares of Standard Motor Products by 14.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,581 shares of the auto parts company’s stock valued at $125,000 after purchasing an additional 323 shares in the last quarter. Advisor Group Inc. boosted its position in shares of Standard Motor Products by 21.4% during the fourth quarter. Advisor Group Inc. now owns 3,274 shares of the auto parts company’s stock valued at $159,000 after purchasing an additional 578 shares in the last quarter. Finally, Ibex Investors LLC bought a new stake in shares of Standard Motor Products during the fourth quarter valued at approximately $214,000. Institutional investors own 79.69% of the company’s stock.

Shares of SMP stock traded down $0.18 during trading hours on Tuesday, reaching $45.58. The company’s stock had a trading volume of 1,324 shares, compared to its average volume of 79,433. The company has a market capitalization of $986.83 million, a PE ratio of 17.88, a P/E/G ratio of 1.36 and a beta of 1.11. Standard Motor Products has a one year low of $42.03 and a one year high of $56.54. The business’s fifty day moving average is $45.45. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.68 and a quick ratio of 0.62.

The company also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Wednesday, May 15th were given a dividend of $0.23 per share. The ex-dividend date of this dividend was Tuesday, May 14th. This represents a $0.92 annualized dividend and a dividend yield of 2.02%. Standard Motor Products’s dividend payout ratio is presently 36.08%.

Standard Motor Products Company Profile

Standard Motor Products, Inc manufactures and distributes replacement parts for motor vehicles in the automotive aftermarket industry. The company operates in two segments, Engine Management and Temperature Control. The Engine Management segment offers electronic ignition control modules, new and remanufactured fuel injectors, ignition wires, coils, switches, relays, EGR valves, distributor caps and rotors, sensors, electronic throttle bodies, keyless entry transmitters, safety-related components, and other engine management components.

Featured Story: What are the risks of holding treasury bonds?

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.