Standard Motor Products (NYSE:SMP) Announces Earnings Results

Standard Motor Products (NYSE:SMP) posted its quarterly earnings results on Wednesday. The auto parts company reported $1.28 earnings per share for the quarter, topping analysts’ consensus estimates of $1.09 by $0.19, Briefing.com reports. The company had revenue of $399.27 million for the quarter, compared to the consensus estimate of $396.10 million. Standard Motor Products had a net margin of 2.79% and a return on equity of 9.90%. Standard Motor Products’s revenue was up 3.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.11 earnings per share.

Standard Motor Products Trading Down 6.0 %

NYSE:SMP traded down $2.05 during trading hours on Thursday, reaching $32.05. 54,864 shares of the company were exchanged, compared to its average volume of 155,129. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.46 and a quick ratio of 0.93. The firm has a market cap of $695.81 million, a price-to-earnings ratio of 18.32 and a beta of 0.51. Standard Motor Products has a 52-week low of $26.09 and a 52-week high of $41.71. The stock has a 50 day simple moving average of $31.78 and a 200 day simple moving average of $30.92.

Standard Motor Products Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 15th will be paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 3.62%. The ex-dividend date of this dividend is Friday, November 15th. Standard Motor Products’s dividend payout ratio is currently 66.29%.

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.