Standard Motor Products (SMP) Set to Announce Earnings on Wednesday

Standard Motor Products (NYSE:SMP) is set to post its quarterly earnings results before the market opens on Wednesday, May 1st. Analysts expect Standard Motor Products to post earnings of $0.40 per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

Standard Motor Products (NYSE:SMP) last issued its quarterly earnings results on Thursday, February 22nd. The auto parts company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.62 by ($0.25). Standard Motor Products had a net margin of 2.51% and a return on equity of 10.09%. The business had revenue of $290.76 million during the quarter, compared to analysts’ expectations of $313.84 million. On average, analysts expect Standard Motor Products to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Standard Motor Products Stock Up 0.8 %

Shares of SMP traded up $0.26 during midday trading on Tuesday, reaching $32.54. The stock had a trading volume of 48,677 shares, compared to its average volume of 126,030. Standard Motor Products has a 1-year low of $30.09 and a 1-year high of $41.71. The company’s fifty day simple moving average is $32.68 and its two-hundred day simple moving average is $35.92. The company has a market cap of $734.75 million, a price-to-earnings ratio of 20.95 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.

Standard Motor Products Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Thursday, February 15th were issued a $0.29 dividend. The ex-dividend date of this dividend was Wednesday, February 14th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.56%. Standard Motor Products’s payout ratio is 75.33%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. StockNews.com upgraded shares of Standard Motor Products from a “hold” rating to a “buy” rating in a report on Friday, March 29th. TheStreet lowered shares of Standard Motor Products from a “b” rating to a “c+” rating in a research note on Thursday, February 22nd.

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.