Wall Street analysts expect Standard Motor Products, Inc. (NYSE:SMP) to post $303.69 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Standard Motor Products’ earnings, with the highest sales estimate coming in at $308.58 million and the lowest estimate coming in at $298.80 million. Standard Motor Products reported sales of $286.64 million in the same quarter last year, which indicates a positive year over year growth rate of 5.9%. The firm is scheduled to announce its next earnings report on Thursday, July 25th.
On average, analysts expect that Standard Motor Products will report full year sales of $1.16 billion for the current year, with estimates ranging from $1.14 billion to $1.17 billion. For the next year, analysts expect that the business will report sales of $1.20 billion, with estimates ranging from $1.18 billion to $1.22 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that cover Standard Motor Products.
Standard Motor Products (NYSE:SMP) last announced its quarterly earnings data on Tuesday, April 30th. The auto parts company reported $0.57 earnings per share for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.03). Standard Motor Products had a net margin of 4.24% and a return on equity of 13.02%. The company had revenue of $283.80 million for the quarter, compared to the consensus estimate of $278.13 million. During the same quarter in the previous year, the business earned $0.46 EPS. The company’s quarterly revenue was up 8.4% compared to the same quarter last year.
SMP traded up $0.66 on Thursday, reaching $45.42. 64,100 shares of the company traded hands, compared to its average volume of 80,570. Standard Motor Products has a one year low of $42.03 and a one year high of $56.54. The company has a current ratio of 1.68, a quick ratio of 0.62 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $1.00 billion, a P/E ratio of 17.81, a P/E/G ratio of 1.41 and a beta of 1.11. The firm has a fifty day moving average price of $45.28.
The firm also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Stockholders of record on Wednesday, May 15th were issued a $0.23 dividend. The ex-dividend date was Tuesday, May 14th. This represents a $0.92 annualized dividend and a dividend yield of 2.03%. Standard Motor Products’s dividend payout ratio is currently 36.08%.
In other news, VP Thomas Tesoro sold 1,851 shares of the business’s stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $48.00, for a total value of $88,848.00. Following the completion of the sale, the vice president now owns 31,121 shares in the company, valued at approximately $1,493,808. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Pamela Forbes Lieberman sold 4,000 shares of the business’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $49.23, for a total transaction of $196,920.00. Following the completion of the sale, the director now owns 64,874 shares of the company’s stock, valued at approximately $3,193,747.02. The disclosure for this sale can be found here. In the last 90 days, insiders sold 25,536 shares of company stock valued at $1,185,183. Company insiders own 6.60% of the company’s stock.
Several large investors have recently bought and sold shares of the company. BlackRock Inc. raised its holdings in shares of Standard Motor Products by 2.8% in the 4th quarter. BlackRock Inc. now owns 3,000,644 shares of the auto parts company’s stock valued at $145,320,000 after purchasing an additional 82,762 shares in the last quarter. Tributary Capital Management LLC raised its stake in shares of Standard Motor Products by 62.2% during the 1st quarter. Tributary Capital Management LLC now owns 368,583 shares of the auto parts company’s stock worth $18,097,000 after acquiring an additional 141,343 shares in the last quarter. Boston Partners raised its stake in shares of Standard Motor Products by 1.1% during the 1st quarter. Boston Partners now owns 320,118 shares of the auto parts company’s stock worth $15,717,000 after acquiring an additional 3,460 shares in the last quarter. Copeland Capital Management LLC raised its stake in shares of Standard Motor Products by 6.9% during the 1st quarter. Copeland Capital Management LLC now owns 294,043 shares of the auto parts company’s stock worth $14,438,000 after acquiring an additional 18,976 shares in the last quarter. Finally, Rockefeller Capital Management L.P. raised its stake in shares of Standard Motor Products by 0.5% during the 1st quarter. Rockefeller Capital Management L.P. now owns 268,110 shares of the auto parts company’s stock worth $13,164,000 after acquiring an additional 1,435 shares in the last quarter. Institutional investors and hedge funds own 79.69% of the company’s stock.
About Standard Motor Products
Standard Motor Products, Inc manufactures and distributes replacement parts for motor vehicles in the automotive aftermarket industry. The company operates in two segments, Engine Management and Temperature Control. The Engine Management segment offers electronic ignition control modules, new and remanufactured fuel injectors, ignition wires, coils, switches, relays, EGR valves, distributor caps and rotors, sensors, electronic throttle bodies, keyless entry transmitters, safety-related components, and other engine management components.
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