Equities analysts expect Standard Motor Products, Inc. (NYSE:SMP) to post $235.93 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Standard Motor Products’ earnings, with the highest sales estimate coming in at $235.96 million and the lowest estimate coming in at $235.90 million. Standard Motor Products reported sales of $229.80 million during the same quarter last year, which indicates a positive year over year growth rate of 2.7%. The company is expected to issue its next earnings results on Thursday, February 15th.
According to Zacks, analysts expect that Standard Motor Products will report full year sales of $235.93 million for the current financial year, with estimates ranging from $1.13 billion to $1.14 billion. For the next financial year, analysts anticipate that the firm will post sales of $1.17 billion per share, with estimates ranging from $1.16 billion to $1.18 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that follow Standard Motor Products.
Standard Motor Products (NYSE:SMP) last issued its earnings results on Thursday, October 26th. The auto parts company reported $0.74 earnings per share for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.12). Standard Motor Products had a return on equity of 13.68% and a net margin of 4.97%. The firm had revenue of $281.06 million for the quarter, compared to analyst estimates of $301.31 million. During the same period in the previous year, the company earned $0.92 earnings per share. Standard Motor Products’s revenue for the quarter was down 6.5% compared to the same quarter last year.
Several research firms recently weighed in on SMP. Zacks Investment Research lowered Standard Motor Products from a “hold” rating to a “sell” rating in a research report on Friday, August 4th. BidaskClub lowered Standard Motor Products from a “buy” rating to a “hold” rating in a research report on Monday, August 7th. FBR & Co restated a “hold” rating and set a $48.00 price target on shares of Standard Motor Products in a research report on Friday. Jefferies Group LLC restated a “buy” rating on shares of Standard Motor Products in a research report on Friday, July 7th. Finally, ValuEngine lowered Standard Motor Products from a “buy” rating to a “hold” rating in a research report on Thursday, August 31st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. Standard Motor Products has an average rating of “Hold” and a consensus target price of $54.00.
In other Standard Motor Products news, Chairman Lawrence I. Sills sold 5,002 shares of the business’s stock in a transaction on Tuesday, August 29th. The stock was sold at an average price of $44.10, for a total value of $220,588.20. Following the sale, the chairman now directly owns 704,696 shares of the company’s stock, valued at $31,077,093.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Peter J. Sills sold 2,500 shares of the business’s stock in a transaction on Monday, October 23rd. The stock was sold at an average price of $47.14, for a total value of $117,850.00. The disclosure for this sale can be found here. Insiders sold 105,443 shares of company stock worth $4,744,091 over the last three months. Corporate insiders own 6.60% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in SMP. Envestnet Asset Management Inc. bought a new stake in Standard Motor Products in the first quarter worth $152,000. NN Investment Partners Holdings N.V. bought a new stake in Standard Motor Products in the second quarter worth $186,000. Victory Capital Management Inc. boosted its holdings in Standard Motor Products by 119.1% in the first quarter. Victory Capital Management Inc. now owns 4,125 shares of the auto parts company’s stock worth $203,000 after acquiring an additional 2,242 shares in the last quarter. State of Alaska Department of Revenue boosted its holdings in Standard Motor Products by 78.5% in the second quarter. State of Alaska Department of Revenue now owns 3,962 shares of the auto parts company’s stock worth $206,000 after acquiring an additional 1,742 shares in the last quarter. Finally, Piedmont Investment Advisors LLC bought a new stake in Standard Motor Products in the second quarter worth $227,000. 78.65% of the stock is currently owned by institutional investors and hedge funds.
Standard Motor Products (SMP) traded down 1.50% during midday trading on Friday, reaching $44.67. The company had a trading volume of 189,816 shares. Standard Motor Products has a 12-month low of $43.29 and a 12-month high of $55.37. The stock has a market capitalization of $1.02 billion, a PE ratio of 16.65 and a beta of 1.80. The company has a 50-day moving average of $47.13 and a 200-day moving average of $48.62.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Wednesday, November 15th will be issued a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 1.70%. The ex-dividend date of this dividend is Tuesday, November 14th. Standard Motor Products’s dividend payout ratio (DPR) is 32.20%.
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Standard Motor Products Company Profile
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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