Standard Motor Products (NYSE:SMP) Announces Quarterly Earnings Results

Standard Motor Products (NYSE:SMP) released its earnings results on Wednesday. The auto parts company reported $0.45 EPS for the quarter, topping 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 business earned $0.61 EPS. The business’s revenue was up 1.0% on a year-over-year basis.

Standard Motor Products Price Performance

Shares of NYSE SMP traded down $0.15 during midday trading on Thursday, hitting $32.63. The company had a trading volume of 42,883 shares, compared to its average volume of 127,185. 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 has a twelve month low of $30.09 and a twelve month high of $41.71. The business has a 50-day simple moving average of $32.37 and a two-hundred day simple moving average of $35.89. The firm has a market capitalization of $736.79 million, a price-to-earnings ratio of 21.29 and a beta of 0.61.

Standard Motor Products Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Wednesday, May 15th will be paid a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 3.56%. The ex-dividend date is Tuesday, May 14th. Standard Motor Products’s dividend payout ratio (DPR) is 75.33%.

Analyst Ratings Changes

SMP has been the subject of several recent analyst reports. StockNews.com upgraded shares of Standard Motor Products from a “hold” rating to a “buy” rating in a research note on Friday, March 29th. TheStreet cut shares of Standard Motor Products from a “b” rating to a “c+” rating in a research note 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.