Standard Motor Products (NYSE:SMP) Announces Quarterly Earnings Results, Beats Expectations By $0.10 EPS

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

Standard Motor Products Stock Performance

Shares of NYSE:SMP opened at $28.54 on Friday. The stock has a market capitalization of $619.97 million, a P/E ratio of 17.62 and a beta of 0.52. Standard Motor Products has a 1-year low of $26.09 and a 1-year high of $35.92. The company has a current ratio of 2.25, a quick ratio of 0.82 and a debt-to-equity ratio of 0.21. The business has a 50-day moving average price of $30.90 and a two-hundred day moving average price of $31.76.

Standard Motor Products Dividend Announcement

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

Insiders Place Their Bets

In other Standard Motor Products news, VP Ray Nicholas sold 4,730 shares of the business’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $34.11, for a total transaction of $161,340.30. Following the completion of the sale, the vice president now directly owns 46,385 shares of the company’s stock, valued at approximately $1,582,192.35. The trade was a 9.25 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 5.00% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Standard Motor Products from a “buy” rating to a “strong-buy” rating in a research note 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.