Standard Motor Products (NYSE:SMP) Releases Earnings Results, Beats Estimates By $0.05 EPS

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

Standard Motor Products Trading Down 0.1 %

Standard Motor Products stock traded down $0.03 during midday trading on Thursday, reaching $32.75. 54,966 shares of the stock traded hands, compared to its average volume of 127,254. The company has a current ratio of 2.45, a quick ratio of 0.78 and a debt-to-equity ratio of 0.23. The firm has a market cap of $739.50 million, a PE ratio of 21.29 and a beta of 0.61. The company 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 12-month low of $30.09 and a 12-month high of $41.71.

Standard Motor Products Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Wednesday, May 15th will be issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 3.54%. The ex-dividend date is Tuesday, May 14th. Standard Motor Products’s dividend payout ratio (DPR) is 75.33%.

Analyst Ratings Changes

A number of research firms have recently weighed in on SMP. StockNews.com upgraded Standard Motor Products from a “hold” rating to a “buy” rating in a report on Friday, March 29th. TheStreet cut Standard Motor Products from a “b” rating to a “c+” rating in a report 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.