Analysts Issue Forecasts for SMP FY2027 Earnings

Standard Motor Products, Inc. (NYSE:SMP - Free Report) - Stock analysts at Zacks Research issued their FY2027 earnings per share (EPS) estimates for Standard Motor Products in a research note issued on Thursday, March 20th. Zacks Research analyst R. Department anticipates that the auto parts company will earn $4.23 per share for the year. The consensus estimate for Standard Motor Products' current full-year earnings is $3.08 per share.

Separately, StockNews.com cut shares of Standard Motor Products from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 3rd.

Standard Motor Products Stock Up 1.0 %

Standard Motor Products stock traded up $0.25 during midday trading on Monday, hitting $25.96. 176,982 shares of the company's stock were exchanged, compared to its average volume of 146,292. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.82 and a current ratio of 2.25. The company has a market cap of $567.54 million, a PE ratio of 16.02 and a beta of 0.50. The firm has a 50-day moving average of $29.44 and a two-hundred day moving average of $31.19. Standard Motor Products has a 12 month low of $25.56 and a 12 month high of $35.92.

Standard Motor Products (NYSE:SMP - Get Free Report) last posted its quarterly earnings results on Thursday, February 27th. The auto parts company reported $0.47 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.37 by $0.10. The business had revenue of $343.35 million for the quarter, compared to the consensus estimate of $292.50 million. Standard Motor Products had a return on equity of 10.42% and a net margin of 2.56%.

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Standard Motor Products Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Friday, February 14th were paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 4.47%. The ex-dividend date of this dividend was Friday, February 14th. Standard Motor Products's dividend payout ratio (DPR) is currently 100.81%.

Insider Activity at Standard Motor Products

In related news, EVP Dale Burks sold 11,005 shares of the stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $27.20, for a total transaction of $299,336.00. Following the completion of the sale, the executive vice president now owns 56,860 shares of the company's stock, valued at $1,546,592. This represents a 16.22 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 5.00% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Standard Motor Products

A number of large investors have recently made changes to their positions in the business. Vanguard Group Inc. grew its stake in Standard Motor Products by 4.3% during the 4th quarter. Vanguard Group Inc. now owns 1,655,886 shares of the auto parts company's stock worth $51,299,000 after buying an additional 69,000 shares during the last quarter. William Blair Investment Management LLC boosted its holdings in Standard Motor Products by 2.1% in the fourth quarter. William Blair Investment Management LLC now owns 929,813 shares of the auto parts company's stock worth $28,806,000 after acquiring an additional 19,180 shares in the last quarter. State Street Corp grew its stake in shares of Standard Motor Products by 2.6% during the third quarter. State Street Corp now owns 783,593 shares of the auto parts company's stock worth $26,015,000 after acquiring an additional 19,652 shares during the last quarter. Gamco Investors INC. ET AL raised its position in shares of Standard Motor Products by 4.7% in the 4th quarter. Gamco Investors INC. ET AL now owns 717,457 shares of the auto parts company's stock valued at $22,227,000 after purchasing an additional 32,197 shares during the last quarter. Finally, American Century Companies Inc. lifted its stake in shares of Standard Motor Products by 21.1% during the fourth quarter. American Century Companies Inc. now owns 497,258 shares of the auto parts company's stock worth $15,405,000 after buying an additional 86,640 shares during the period. 81.26% of the stock is owned by institutional investors and hedge funds.

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.