Standard Motor Products (NYSE:SMP) Issues Earnings Results

Standard Motor Products (NYSE:SMP) issued its quarterly earnings results on Wednesday. The auto parts company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.40 by $0.05, Briefing.com reports. Standard Motor Products had a net margin of 2.51% and a return on equity of 10.09%. The company had revenue of $331.40 million during the quarter, compared to analysts’ expectations of $321.84 million. During the same quarter last year, the company posted $0.61 EPS. The firm’s revenue was up 1.0% compared to the same quarter last year.

Standard Motor Products Stock Down 0.8 %

Standard Motor Products stock traded down $0.25 during midday trading on Thursday, reaching $32.53. The company’s stock had a trading volume of 38,218 shares, compared to its average volume of 127,163. The business has a 50-day simple moving average of $32.37 and a 200-day simple moving average of $35.89. The company has a market cap of $734.53 million, a P/E ratio of 21.29 and a beta of 0.61. Standard Motor Products has a fifty-two week low of $30.09 and a fifty-two week high of $41.71. The company has a quick ratio of 0.78, a current ratio of 2.45 and a debt-to-equity ratio of 0.23.

Standard Motor Products Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Wednesday, May 15th will be issued a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 3.57%. The ex-dividend date is Tuesday, May 14th. Standard Motor Products’s dividend payout ratio (DPR) is presently 75.33%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on SMP shares. StockNews.com upgraded Standard Motor Products from a “hold” rating to a “buy” rating in a report on Friday, March 29th. TheStreet downgraded Standard Motor Products from a “b” rating to a “c+” rating in a research report on Thursday, February 22nd.

Standard Motor Products Company Profile

Standard Motor Products, Inc manufactures and distributes replacement automotive parts in the United States and internationally. The company operates through three segments: Vehicle Control, Temperature Control, and Engineered Solutions segments. The company provides components for the ignition, emissions, and fuel delivery systems, such as air injection and induction components, air management valves, regulators and solenoids, exhaust gas recirculation components, fuel injectors and related components, fuel valves, ignition coils, connectors and sockets, modules, pumps, relays and fuses, starting and charging system parts, and vapor and purge components.