Standard Motor Products (NYSE:SMP) Announces Earnings Results

Standard Motor Products (NYSE:SMP) announced its quarterly earnings data on Thursday. The auto parts company reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.10, Zacks reports. The firm had revenue of $343.35 million during the quarter, compared to analyst estimates of $292.50 million. Standard Motor Products had a return on equity of 10.42% and a net margin of 2.56%.

Standard Motor Products Stock Down 0.3 %

Shares of Standard Motor Products stock opened at $28.54 on Friday. The firm has a market cap of $619.97 million, a price-to-earnings ratio of 17.62 and a beta of 0.52. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.25 and a quick ratio of 0.82. Standard Motor Products has a 52-week low of $26.09 and a 52-week high of $35.92. The stock has a 50-day simple moving average of $30.90 and a 200-day simple moving average of $31.76.

Standard Motor Products Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Friday, February 14th will be issued a dividend of $0.29 per share. The ex-dividend date is Friday, February 14th. This represents a $1.16 annualized dividend and a dividend yield of 4.06%. Standard Motor Products’s dividend payout ratio is 76.54%.

Insider Activity at Standard Motor Products

In related news, VP Ray Nicholas sold 4,730 shares of the firm’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $34.11, for a total value of $161,340.30. Following the transaction, the vice president now directly owns 46,385 shares of the company’s stock, valued at approximately $1,582,192.35. This trade represents a 9.25 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 5.00% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Standard Motor Products from a “buy” rating to a “strong-buy” rating in a report on Friday, January 31st.

About Standard Motor Products

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.