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

Standard Motor Products (NYSE:SMP) released its quarterly earnings results on Wednesday. The auto parts company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.40 by $0.05, Briefing.com reports. Standard Motor Products had a net margin of 2.51% and a return on equity of 10.09%. The firm had revenue of $331.40 million during the quarter, compared to analyst estimates of $321.84 million. During the same quarter in the prior year, the firm earned $0.61 EPS. The business’s revenue for the quarter was up 1.0% compared to the same quarter last year.

Standard Motor Products Price Performance

Shares of SMP stock traded down $0.25 on Thursday, hitting $32.53. 38,218 shares of the stock traded hands, compared to its average volume of 127,163. The firm has a market cap of $734.53 million, a price-to-earnings ratio of 21.29 and a beta of 0.61. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.45 and a quick ratio of 0.78. The firm has a 50 day simple moving average of $32.37 and a two-hundred day simple moving average of $35.89. Standard Motor Products has a 52 week low of $30.09 and a 52 week high of $41.71.

Standard Motor Products Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Wednesday, May 15th will be paid a $0.29 dividend. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.57%. Standard Motor Products’s dividend payout ratio (DPR) is presently 75.33%.

Analyst Ratings Changes

SMP has been the subject of several analyst reports. StockNews.com upgraded Standard Motor Products from a “hold” rating to a “buy” rating in a research note on Friday, March 29th. TheStreet downgraded Standard Motor Products from a “b” rating to a “c+” rating in a research note on Thursday, February 22nd.

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.