Standard Motor Products (SMP) Scheduled to Post Earnings on Wednesday

Standard Motor Products (NYSE:SMP) is scheduled to release its earnings data before the market opens on Wednesday, May 1st. Analysts expect Standard Motor Products to post earnings of $0.40 per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Standard Motor Products (NYSE:SMP) last announced its quarterly earnings results on Thursday, February 22nd. The auto parts company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.62 by ($0.25). Standard Motor Products had a net margin of 2.51% and a return on equity of 10.09%. The business had revenue of $290.76 million during the quarter, compared to analysts’ expectations of $313.84 million. On average, analysts expect Standard Motor Products to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Standard Motor Products Price Performance

NYSE:SMP traded up $0.11 during trading hours on Tuesday, hitting $32.39. 51,807 shares of the stock were exchanged, compared to its average volume of 126,085. Standard Motor Products has a 52-week low of $30.09 and a 52-week high of $41.71. The firm’s fifty day moving average price is $32.68 and its 200 day moving average price is $35.92. The company has a current ratio of 2.45, a quick ratio of 0.78 and a debt-to-equity ratio of 0.23. The company has a market cap of $731.37 million, a P/E ratio of 21.13 and a beta of 0.61.

Standard Motor Products Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Thursday, February 15th were paid a dividend of $0.29 per share. The ex-dividend date was Wednesday, February 14th. This represents a $1.16 annualized dividend and a yield of 3.58%. Standard Motor Products’s dividend payout ratio (DPR) is currently 75.33%.

Analyst Ratings Changes

Several equities research analysts have commented on SMP shares. StockNews.com upgraded Standard Motor Products from a “hold” rating to a “buy” rating in a research note on Friday, March 29th. TheStreet lowered Standard Motor Products from a “b” rating to a “c+” rating in a research note on Thursday, February 22nd.

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.