Wall Street analysts predict that Standard Motor Products, Inc. (NYSE:SMP) will announce earnings per share of $0.67 for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Standard Motor Products’ earnings. The highest EPS estimate is $0.79 and the lowest is $0.55. Standard Motor Products posted earnings per share of $0.52 in the same quarter last year, which indicates a positive year over year growth rate of 28.8%. The firm is expected to report its next earnings results on Wednesday, August 4th.
On average, analysts expect that Standard Motor Products will report full year earnings of $3.37 per share for the current financial year, with EPS estimates ranging from $3.18 to $3.73. For the next fiscal year, analysts expect that the firm will post earnings of $3.61 per share, with EPS estimates ranging from $3.38 to $4.05. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that follow Standard Motor Products.
Standard Motor Products (NYSE:SMP) last issued its earnings results on Wednesday, May 5th. The auto parts company reported $0.97 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.54 by $0.43. The company had revenue of $276.60 million during the quarter, compared to the consensus estimate of $257.57 million. Standard Motor Products had a return on equity of 17.54% and a net margin of 6.06%. The firm’s revenue for the quarter was up 8.8% compared to the same quarter last year. During the same period last year, the business posted $0.43 EPS.
In related news, Director Arthur S. Sills sold 5,000 shares of Standard Motor Products stock in a transaction that occurred on Friday, June 4th. The shares were sold at an average price of $47.48, for a total value of $237,400.00. Following the sale, the director now owns 320,675 shares of the company’s stock, valued at approximately $15,225,649. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Thomas Tesoro sold 3,000 shares of Standard Motor Products stock in a transaction that occurred on Friday, June 4th. The stock was sold at an average price of $47.50, for a total transaction of $142,500.00. Following the completion of the sale, the senior vice president now directly owns 23,229 shares in the company, valued at approximately $1,103,377.50. The disclosure for this sale can be found here. In the last three months, insiders have sold 38,000 shares of company stock worth $1,797,400. Insiders own 6.40% of the company’s stock.
Large investors have recently bought and sold shares of the stock. Schroder Investment Management Group raised its holdings in shares of Standard Motor Products by 1.6% in the 4th quarter. Schroder Investment Management Group now owns 322,889 shares of the auto parts company’s stock worth $13,064,000 after purchasing an additional 5,225 shares during the period. State Board of Administration of Florida Retirement System raised its holdings in shares of Standard Motor Products by 147.8% in the 4th quarter. State Board of Administration of Florida Retirement System now owns 21,098 shares of the auto parts company’s stock worth $854,000 after purchasing an additional 12,584 shares during the period. IndexIQ Advisors LLC raised its holdings in shares of Standard Motor Products by 82.5% in the 1st quarter. IndexIQ Advisors LLC now owns 9,193 shares of the auto parts company’s stock worth $382,000 after purchasing an additional 4,155 shares during the period. Credit Suisse AG raised its holdings in shares of Standard Motor Products by 56.5% in the 4th quarter. Credit Suisse AG now owns 22,513 shares of the auto parts company’s stock worth $912,000 after purchasing an additional 8,131 shares during the period. Finally, CWM LLC raised its holdings in shares of Standard Motor Products by 37.5% in the 1st quarter. CWM LLC now owns 36,359 shares of the auto parts company’s stock worth $1,512,000 after purchasing an additional 9,918 shares during the period. 76.43% of the stock is currently owned by institutional investors.
Shares of NYSE SMP opened at $47.07 on Tuesday. Standard Motor Products has a fifty-two week low of $37.65 and a fifty-two week high of $55.29. The company has a market cap of $1.04 billion, a PE ratio of 15.38 and a beta of 0.40. The company has a 50-day simple moving average of $44.68.
The company also recently announced a quarterly dividend, which was paid on Tuesday, June 1st. Shareholders of record on Monday, May 17th were given a dividend of $0.25 per share. The ex-dividend date was Friday, May 14th. This represents a $1.00 annualized dividend and a dividend yield of 2.12%. Standard Motor Products’s dividend payout ratio is currently 27.70%.
Standard Motor Products Company Profile
Standard Motor Products, Inc manufactures and distributes replacement parts for motor vehicles in the automotive aftermarket industry. The Engine Management segment offers components for the ignition, electrical, emissions, fuel and safety-related systems of motor vehicles under the Standard, SMP Blue Streak, Intermotor, Standard Diesel, BWD Select, BWD, OEM, TechSmart, Tech Expert, GP Sorensen, LockSmart, and Pollak brand names, as well as under private labels comprising NAPA Echlin and NAPA Belden.
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