News headlines about Standard Motor Products (NYSE:SMP) have been trending somewhat positive on Thursday, Accern Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Standard Motor Products earned a daily sentiment score of 0.16 on Accern’s scale. Accern also gave media coverage about the auto parts company an impact score of 44.4897725229277 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

Standard Motor Products (NYSE:SMP) traded down 0.35% on Thursday, hitting $48.92. 56,767 shares of the company’s stock were exchanged. Standard Motor Products has a 52-week low of $43.29 and a 52-week high of $55.37. The firm has a 50 day moving average price of $45.90 and a 200-day moving average price of $48.75. The stock has a market cap of $1.11 billion, a P/E ratio of 18.23 and a beta of 1.80.

Standard Motor Products (NYSE:SMP) last announced its earnings results on Monday, July 31st. The auto parts company reported $0.81 EPS for the quarter, missing the Zacks’ consensus estimate of $0.99 by ($0.18). Standard Motor Products had a net margin of 5.55% and a return on equity of 14.83%. The business had revenue of $312.73 million for the quarter. During the same quarter in the previous year, the business posted $0.88 EPS. The company’s quarterly revenue was up 8.2% on a year-over-year basis. Analysts predict that Standard Motor Products will post $2.87 earnings per share for the current fiscal year.

Several brokerages recently issued reports on SMP. Zacks Investment Research lowered shares of Standard Motor Products from a “buy” rating to a “hold” rating in a research note on Tuesday, July 4th. Jefferies Group LLC reissued a “buy” rating on shares of Standard Motor Products in a research note on Friday, July 7th. BidaskClub raised shares of Standard Motor Products from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. Finally, ValuEngine lowered shares of Standard Motor Products from a “buy” rating to a “hold” rating in a research note on Thursday, August 31st. Three equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $54.00.

WARNING: “Standard Motor Products (SMP) Earning Somewhat Positive Media Coverage, Study Finds” was first posted by Watch List News and is the sole property of of Watch List News. If you are reading this news story on another website, it was illegally stolen and reposted in violation of US and international copyright laws. The legal version of this news story can be accessed at https://www.watchlistnews.com/standard-motor-products-smp-earning-somewhat-positive-media-coverage-study-finds/1611162.html.

In other news, VP Thomas Tesoro sold 3,950 shares of the business’s stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $47.91, for a total transaction of $189,244.50. Following the sale, the vice president now owns 29,026 shares in the company, valued at approximately $1,390,635.66. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Peter J. Sills sold 2,428 shares of the business’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $48.43, for a total transaction of $117,588.04. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 94,145 shares of company stock worth $4,205,024. Company insiders own 6.60% of the company’s stock.

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.

Insider Buying and Selling by Quarter for Standard Motor Products (NYSE:SMP)

Receive News & Ratings for Standard Motor Products Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Standard Motor Products Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.