Standard Motor Products, Inc. (NYSE:SMP - Free Report) - Roth Capital cut their Q4 2024 earnings per share (EPS) estimates for Standard Motor Products in a report issued on Thursday, October 31st. Roth Capital analyst S. Stember now forecasts that the auto parts company will post earnings of $0.37 per share for the quarter, down from their prior estimate of $0.49. The consensus estimate for Standard Motor Products' current full-year earnings is $3.01 per share. Roth Capital also issued estimates for Standard Motor Products' FY2026 earnings at $3.71 EPS.
Standard Motor Products Stock Performance
Standard Motor Products stock traded down $0.13 during mid-day trading on Friday, reaching $32.06. The company had a trading volume of 126,145 shares, compared to its average volume of 155,857. The company has a quick ratio of 0.93, a current ratio of 2.25 and a debt-to-equity ratio of 0.21. The firm has a market cap of $696.02 million, a price-to-earnings ratio of 19.79 and a beta of 0.51. The company has a 50 day moving average of $31.81 and a 200-day moving average of $30.93. Standard Motor Products has a 52 week low of $26.09 and a 52 week high of $41.71.
Standard Motor Products (NYSE:SMP - Get Free Report) last issued its quarterly earnings results on Wednesday, October 30th. The auto parts company reported $1.28 EPS for the quarter, topping analysts' consensus estimates of $1.09 by $0.19. The company had revenue of $399.27 million during the quarter, compared to analyst estimates of $396.10 million. Standard Motor Products had a return on equity of 10.42% and a net margin of 2.56%. The company's quarterly revenue was up 3.3% compared to the same quarter last year. During the same period in the previous year, the company earned $1.11 earnings per share.
Institutional Trading of Standard Motor Products
Hedge funds have recently modified their holdings of the company. Allspring Global Investments Holdings LLC bought a new position in Standard Motor Products in the first quarter worth $301,000. Principal Financial Group Inc. boosted its position in shares of Standard Motor Products by 1.0% during the 1st quarter. Principal Financial Group Inc. now owns 101,788 shares of the auto parts company's stock valued at $3,415,000 after acquiring an additional 975 shares in the last quarter. Empowered Funds LLC increased its stake in Standard Motor Products by 35.6% in the first quarter. Empowered Funds LLC now owns 92,783 shares of the auto parts company's stock valued at $3,113,000 after acquiring an additional 24,364 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its stake in Standard Motor Products by 7.6% in the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 6,994 shares of the auto parts company's stock valued at $235,000 after acquiring an additional 495 shares during the period. Finally, Illinois Municipal Retirement Fund raised its position in Standard Motor Products by 3.1% in the first quarter. Illinois Municipal Retirement Fund now owns 10,807 shares of the auto parts company's stock worth $363,000 after purchasing an additional 328 shares in the last quarter. Institutional investors own 81.26% of the company's stock.
Standard Motor Products Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 15th will be paid a dividend of $0.29 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.16 annualized dividend and a yield of 3.62%. Standard Motor Products's dividend payout ratio is 71.61%.
Standard Motor Products Company Profile
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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.
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