Standard Motor Products (NYSE:SMP) Releases Quarterly Earnings Results

Standard Motor Products (NYSE:SMP) announced its earnings results on Thursday. The auto parts company reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.10, Zacks reports. The firm had revenue of $343.35 million for the quarter, compared to the consensus estimate 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 Up 1.5 %

Standard Motor Products stock opened at $29.07 on Friday. The firm has a 50 day moving average price of $30.90 and a 200-day moving average price of $31.76. The company has a quick ratio of 0.82, a current ratio of 2.25 and a debt-to-equity ratio of 0.21. Standard Motor Products has a twelve month low of $26.09 and a twelve month high of $35.92. The company has a market capitalization of $631.46 million, a P/E ratio of 17.99 and a beta of 0.52.

Standard Motor Products Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Friday, February 14th will be given a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 3.99%. The ex-dividend date of this dividend is Friday, February 14th. Standard Motor Products’s dividend payout ratio is 76.54%.

Insider Buying and Selling

In related news, VP Ray Nicholas sold 4,730 shares of Standard Motor Products stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $34.11, for a total value of $161,340.30. Following the completion of the sale, the vice president now 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 SEC, which can be accessed through this hyperlink. 5.00% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

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

Standard Motor Products Company Profile

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.