Standard Motor Products (SMP) to Release Quarterly Earnings on Thursday

Standard Motor Products (NYSE:SMP) is scheduled to be announcing its earnings results before the market opens on Thursday, August 1st. Analysts expect the company to announce earnings of $0.78 per share for the quarter.

Standard Motor Products (NYSE:SMP) last announced its quarterly earnings results on Wednesday, May 1st. The auto parts company reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.05. The business had revenue of $331.40 million for the quarter, compared to the consensus estimate of $321.84 million. Standard Motor Products had a net margin of 2.28% and a return on equity of 9.48%. Standard Motor Products’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same period last year, the company posted $0.61 EPS. On average, analysts expect Standard Motor Products to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Standard Motor Products Trading Up 0.2 %

Shares of NYSE:SMP traded up $0.07 during mid-day trading on Tuesday, reaching $32.04. The stock had a trading volume of 30,975 shares, compared to its average volume of 144,636. The firm has a market cap of $699.11 million, a PE ratio of 23.09 and a beta of 0.52. The firm has a 50 day simple moving average of $29.34 and a two-hundred day simple moving average of $32.91. The company has a current ratio of 2.66, a quick ratio of 0.92 and a debt-to-equity ratio of 0.32. Standard Motor Products has a twelve month low of $26.09 and a twelve month high of $41.71.

Standard Motor Products Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Wednesday, May 15th were given a $0.29 dividend. The ex-dividend date was Tuesday, May 14th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.62%. Standard Motor Products’s dividend payout ratio is 83.45%.

Wall Street Analyst Weigh In

Separately, Roth Mkm restated a “buy” rating and set a $42.00 target price on shares of Standard Motor Products in a report on Thursday, May 23rd.

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.