News coverage about Standard Motor Products (NYSE:SMP) has been trending somewhat positive recently, according to Alpha One. Alpha One, a subsidiary of Accern, identifies negative and positive news coverage by reviewing more than twenty million blog and news sources in real time. Alpha One ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Standard Motor Products earned a media sentiment score of 0.03 on Alpha One’s scale. Alpha One also assigned press coverage about the auto parts company an impact score of 25 out of 100, indicating that recent news coverage is very unlikely to have an effect on the company’s share price in the next few days.
Here are some of the news stories that may have effected Alpha One’s analysis:
- Standard Motor Products : Final Results Are in…TFI Envision Wins a Total of 40 AGDA Awards (4-traders.com)
- Lawrence I. Sills Sells 4,800 Shares of Standard Motor Products, Inc. (SMP) Stock (americanbankingnews.com)
- Standard Motor Products, Inc. (SMP) Chairman Sells $111,430.00 in Stock (americanbankingnews.com)
- Lawrence I. Sills Sells 7,000 Shares of Standard Motor Products, Inc. (SMP) Stock (americanbankingnews.com)
- Standard Motor Products, Inc. (SMP) Director Sells $67,589.76 in Stock (americanbankingnews.com)
SMP has been the topic of a number of research reports. FBR & Co increased their price target on Standard Motor Products from $40.00 to $48.00 and gave the stock a “mkt perform” rating in a research report on Friday, February 17th. Zacks Investment Research upgraded Standard Motor Products from a “hold” rating to a “buy” rating and set a $53.00 price target on the stock in a research report on Tuesday, April 18th. Finally, Jefferies Group LLC reiterated a “buy” rating and set a $56.00 price target on shares of Standard Motor Products in a research report on Wednesday, May 3rd.
Shares of Standard Motor Products (NYSE:SMP) traded down 0.14% during mid-day trading on Friday, hitting $50.58. The stock had a trading volume of 103,995 shares. Standard Motor Products has a one year low of $37.10 and a one year high of $55.37. The firm has a 50 day moving average of $49.98 and a 200 day moving average of $50.11. The stock has a market cap of $1.15 billion, a price-to-earnings ratio of 18.35 and a beta of 1.81.
Standard Motor Products (NYSE:SMP) last released its quarterly earnings data on Thursday, May 4th. The auto parts company reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.09. The company had revenue of $282.38 million for the quarter. Standard Motor Products had a return on equity of 14.61% and a net margin of 5.80%. The firm’s revenue for the quarter was up 18.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.55 earnings per share. On average, analysts forecast that Standard Motor Products will post $3.22 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 1st. Shareholders of record on Monday, May 15th were issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date was Thursday, May 11th. Standard Motor Products’s payout ratio is 27.54%.
In other Standard Motor Products news, Director Arthur S. Sills sold 10,000 shares of Standard Motor Products stock in a transaction that occurred on Tuesday, May 9th. The stock was sold at an average price of $50.34, for a total transaction of $503,400.00. Following the sale, the director now directly owns 351,010 shares of the company’s stock, valued at $17,669,843.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Carmine Joseph Broccole sold 2,000 shares of Standard Motor Products stock in a transaction that occurred on Tuesday, June 6th. The shares were sold at an average price of $49.49, for a total value of $98,980.00. Following the sale, the senior vice president now directly owns 47,823 shares in the company, valued at $2,366,760.27. The disclosure for this sale can be found here. Insiders have sold 39,000 shares of company stock worth $1,969,855 over the last ninety days. Company insiders own 6.60% of the company’s stock.
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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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