Standard Motor Products, Inc. (NYSE:SMP - Free Report) - Equities researchers at Roth Capital increased their FY2024 earnings estimates for shares of Standard Motor Products in a report issued on Thursday, October 31st. Roth Capital analyst S. Stember now anticipates that the auto parts company will post earnings of $3.07 per share for the year, up from their previous forecast of $3.02. 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' Q3 2025 earnings at $1.34 EPS and Q4 2025 earnings at $0.45 EPS.
Standard Motor Products Stock Up 1.0 %
Shares of SMP traded up $0.33 during trading hours on Monday, hitting $32.39. The company had a trading volume of 152,184 shares, compared to its average volume of 155,839. The company has a market capitalization of $703.58 million, a PE ratio of 20.09 and a beta of 0.51. The company has a current ratio of 2.25, a quick ratio of 0.93 and a debt-to-equity ratio of 0.21. The company's fifty day moving average price is $31.81 and its two-hundred day moving average price is $30.91. Standard Motor Products has a one year low of $26.09 and a one year high of $41.71.
Standard Motor Products (NYSE:SMP - Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The auto parts company reported $1.28 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.09 by $0.19. The company had revenue of $399.27 million during the quarter, compared to analysts' expectations of $396.10 million. Standard Motor Products had a return on equity of 10.42% and a net margin of 2.56%. Standard Motor Products's revenue was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.11 EPS.
Standard Motor Products Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 15th will be paid a dividend of $0.29 per share. The ex-dividend date is Friday, November 15th. This represents a $1.16 annualized dividend and a dividend yield of 3.58%. Standard Motor Products's payout ratio is currently 71.60%.
Institutional Trading of Standard Motor Products
Several institutional investors and hedge funds have recently bought and sold shares of the business. Illinois Municipal Retirement Fund lifted its position in Standard Motor Products by 3.1% during the first quarter. Illinois Municipal Retirement Fund now owns 10,807 shares of the auto parts company's stock worth $363,000 after buying an additional 328 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its stake in shares of 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 purchasing an additional 495 shares during the period. GAMMA Investing LLC grew its stake in shares of Standard Motor Products by 153.8% in the third quarter. GAMMA Investing LLC now owns 906 shares of the auto parts company's stock worth $30,000 after acquiring an additional 549 shares in the last quarter. Louisiana State Employees Retirement System grew its stake in Standard Motor Products by 6.4% during the 3rd quarter. Louisiana State Employees Retirement System now owns 10,000 shares of the auto parts company's stock worth $332,000 after purchasing an additional 600 shares in the last quarter. Finally, US Bancorp DE raised its holdings in shares of Standard Motor Products by 7.7% in the 3rd quarter. US Bancorp DE now owns 8,533 shares of the auto parts company's stock valued at $283,000 after purchasing an additional 608 shares in the last quarter. 81.26% of the stock is currently owned by institutional investors and hedge funds.
Standard Motor Products Company Profile
(
Get Free Report)
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.
Read More
Before you consider Standard Motor Products, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Standard Motor Products wasn't on the list.
While Standard Motor Products currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Click the link below to learn more about using beta to protect yourself.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
