Standard Motor Products (NYSE:SMP) Posts Earnings Results, Beats Expectations By $0.10 EPS

Standard Motor Products (NYSE:SMP) released its quarterly earnings data on Thursday. The auto parts company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate 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 Stock Performance

SMP traded down $1.56 on Thursday, hitting $28.75. 206,209 shares of the company traded hands, compared to its average volume of 105,184. The company has a quick ratio of 0.82, a current ratio of 2.25 and a debt-to-equity ratio of 0.21. The company has a 50 day moving average of $30.94 and a 200-day moving average of $31.79. Standard Motor Products has a 12-month low of $26.09 and a 12-month high of $35.92. The stock has a market capitalization of $624.51 million, a PE ratio of 17.75 and a beta of 0.52.

Standard Motor Products Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Friday, February 14th will be issued a $0.29 dividend. The ex-dividend date is Friday, February 14th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 4.03%. Standard Motor Products’s payout ratio is 76.54%.

Wall Street Analyst Weigh In

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

Insider Transactions at Standard Motor Products

In related news, VP Ray Nicholas sold 4,730 shares of the business’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $34.11, for a total transaction of $161,340.30. Following the sale, the vice president now owns 46,385 shares of the company’s stock, valued at approximately $1,582,192.35. The trade was a 9.25 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 5.00% of the company’s stock.

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.