Standard Motor Products (NYSE:SMP) Releases Earnings Results

Standard Motor Products (NYSE:SMP) announced its quarterly earnings data on Thursday. The auto parts company reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.10, Zacks reports. Standard Motor Products had a net margin of 2.56% and a return on equity of 10.42%.

Standard Motor Products Price Performance

SMP stock traded down $0.80 during midday trading on Thursday, hitting $29.51. The company’s stock had a trading volume of 73,937 shares, compared to its average volume of 101,671. The firm has a market capitalization of $641.02 million, a price-to-earnings ratio of 18.22 and a beta of 0.52. The company has a quick ratio of 0.82, a current ratio of 2.25 and a debt-to-equity ratio of 0.21. Standard Motor Products has a 12 month low of $26.09 and a 12 month high of $35.92. The company has a 50 day moving average of $30.94 and a two-hundred day moving average of $31.79.

Standard Motor Products Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Friday, February 14th will be issued a $0.29 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.16 dividend on an annualized basis and a yield of 3.93%. Standard Motor Products’s dividend payout ratio is presently 76.54%.

Insider Transactions at Standard Motor Products

In other news, VP Ray Nicholas sold 4,730 shares of the firm’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $34.11, for a total transaction of $161,340.30. Following the completion of the transaction, the vice president now owns 46,385 shares in the company, valued at $1,582,192.35. This trade represents a 9.25 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 5.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Standard Motor Products from a “buy” rating to a “strong-buy” rating in a research note on Friday, January 31st.

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.